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Bitcoin, Ethereum and XRP resume declines as U.S. inflation lifts rate-hike expectations

  • Bitcoin, Ethereum and XRP resumed declines Thursday after new U.S. inflation data.
  • The data increased expectations of a Federal Reserve rate hike at its next meeting.
  • The Sept. 15-16 FOMC meeting could weigh on crypto-market risk assets.

Bitcoin, Ethereum and XRP resumed falling Thursday after new U.S. inflation data strengthened expectations that the Federal Reserve would raise interest rates at its next meeting. The Sept. 15-16 FOMC meeting could weigh on crypto-market risk assets as investors assess the impact of tighter monetary policy.

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