Bitcoin, ETH and XRP fall ahead of U.S. CPI as oil revives inflation fears

Major cryptocurrencies traded lower before the U.S. consumer price index report, with inflation worries resurfacing after a sharp rise in oil prices. Ether led declines among major tokens, falling more than 2% to $1,878, while XRP dropped about 2% to $1.01. Bitcoin also weakened, slipping back toward $64,000 after failing for a fourth straight day to stay above $65,000. Market experts said selling pressure has not intensified, suggesting the pullback remains measured for now. They added that whether Bitcoin can break above $70,000, where its 200-day moving average (a widely watched long-term price trend indicator) sits, will be a key turning point for market sentiment.

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