Crypto markets are facing broad selling pressure as investors position defensively ahead of a key U.S. inflation report due Wednesday. Zcash and Hyperliquid's native token are among the hardest-hit assets, leading losses across the market. The cautious sentiment reflects trader skepticism about a near-term Bitcoin recovery, with short positioning increasing ahead of the Consumer Price Index release. Inflation data has historically been a significant catalyst for crypto volatility, as it influences Federal Reserve rate expectations and broader risk appetite. A hotter-than-expected print could reinforce bearish momentum, while softer figures might provide relief to bulls. The market-wide pullback underscores how macro economic indicators continue to play an outsized role in shaping short-term crypto price action.
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