Bitcoin, XRP, Dogecoin Decline 2% On Hotter-Than-Expected Inflation Print

With Bitcoin‘s (CRYPTO: BTC) price struggling and U.S. inflation data exceeding expectations, market analysts recommend that crypto investors holding long positions prioritize downside protection and closely monitor institutional flows.

After hotter-than-expected inflation data was released, Bitcoin experienced a 2% decline to levels below $95,000, highlighting the ongoing volatility and uncertainty within the cryptocurrency market.

Ethereum (CRYPTO: ETH) mirrored this trend, also decreasing about 2%, while other major altcoins, including Solana (CRYPTO: SOL), XRP (CRYPTO: XRP) and Dogecoin (CRYPTO: DOGE), experienced declines between 2% and 3.5%.

The Consumer Price Index (CPI) data revealed a higher-than-anticipated rise in inflation, dampening expectations for imminent …

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