The crypto market is down today, signaling risk aversion ahead of the U.S. core PCE inflation data release, which could influence the Federal Reserve's path on interest-rate cuts.

The CoinDesk 20 Index, a measure of the broad market, has dropped 3.6% in the past 24 hours, with all but one member lower over that period.

According to analysts at Bitunix , a hotter-than-expected figure could prompt the Fed to adopt a one-and-done stance following the expected rate cut at the September meeting.

"For BTC, watch whether $114.5K flips into support, or if a retest of $107.6K support confirms market resilience," the exchange told CoinDesk in an email.

Derivatives Positioning • Open interest (OI) in futures tied to the top 20 coins, excluding SOL, has decreased in the past 24 hours, indicating

See Full Page