Crypto Market Drops as US Inflation Data and Tether Actions Hit Sentiment

The crypto market saw broad declines over the past 12 hours, with BTC down 1.69% to $65,934 and ETH falling 3.78% to $1,931.69, pressured by inflation data and risk-off sentiment. Altcoins mostly dropped; top gainers include LayerZero (ZRO, +4.02%), Decred (DCR, +0.92%), and Canton Network (CC, -0.45%). Meme and DeFi sectors led losses, while ZRO’s rise was driven by protocol adoption.