Weaker-than-expected U.S. ISM Non-Manufacturing PMI data triggers a broad crypto sell-off, with major cryptocurrencies like Bitcoin, Ethereum, and XRP experiencing significant declines amid sector-wide downturns.
Crypto markets retreated after disappointing U.S. ISM Non-Manufacturing PMI data heightened stagflation concerns. Bitcoin fell 0.76% to $113,000, Ethereum dropped 2.43% below $3,600, and XRP declined 4% to $2.92 in early Asian trading. Sectors such as SocialFi, NFTs, and meme coins suffered losses, while assets like Mantle and Pump.fun outperformed.