The total crypto market capitalization fell 3.0% to $2.71 trillion over 24 hours as markets reacted to a combination of hotter-than-expected U.S. Producer Price Index data, a European Central Bank rate increase and renewed oil-price gains. Bitcoin declined 3.0% to $77,285.98 but held up better than Ethereum at $2,438.53, XRP at $1.36 and Solana at exactly $100.00, which each lost between 3% and 5%. Zcash, HYPE and DOGE each fell more than 7%. U.S. producer inflation reached 5.4%, above the 5.3% forecast and its highest level in two months. Gold and silver together lost $490 billion in market value within an hour of the release. The ECB raised rates by 25 basis points to 2.65%, its highest level in 18 months. Oil climbed above $99 a barrel for the first time in 15 weeks, erasing the price declines that followed the recent U.S.-Iran peace agreement, while Brent crude moved above $101 after President Trump said the United States was not seeking a new deal with Iran. Treasury Secretary Scott Bessent reportedly warned markets not to bet against the Treasury's moves, saying, "I am the house now." The selloff therefore reflected converging macroeconomic pressures rather than a crypto-specific event, while Bitcoin's relative resilience suggested capital was consolidating into the most established asset as investors assessed the outlook for the following days.