Crypto Market Liquidations Exceed $1 Billion as PPI Report Sparks Downturn

Total crypto liquidations exceeded $1 billion over the past 24 hours, as the crypto market capitalization dropped to $3. 98 trillion, down $133 billion in the same time frame. 90% of the top ten cryptocurrencies were in the red. Furthermore, experts point to the July Producer Price Index (PPI) report as the key catalyst behind the downturn source: https://beincrypto.com/crypto-liquidation-ppi-report/