Crypto Market Drops as US CPI Data and CME Altcoin Futures Launch Drive Volatility
The crypto market experienced broad declines over the past 12 hours, with BTC down 3.5% to $68,675 and ETH down 4.8% to $2,016, pressured by weak risk sentiment and ETF outflows. Most major altcoins, including SOL (-5.3%), ADA (-4.0%), LINK (-4.3%), and XLM (-4.1%), also fell. Notable gainers were Decred (DCR, +11.7%) and Humanity Protocol (H, +11.7%), driven by increased staking and renewed interest in decentralized identity. CME’s launch of ADA, LINK, and XLM futures expanded institutional access but did not offset overall market weakness.