The crypto market declines as traders await the U.S. Core PCE inflation data. The CoinDesk 20 Index shows a 3.6% drop in 24 hours, signaling risk aversion.
Solana (SOL) is witnessing unprecedented popularity in futures, with open interest hitting 63.84 million, despite a general market downturn.
Analysts predict that an unexpected increase in inflation could lead the Federal Reserve to be cautious about future rate cuts, affecting market sentiment.
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