Bitcoin, Ethereum, and XRP Prices Drop as US PPI Hits 5.4% and Fed Rate Hike Odds Rise to 74%

Bitcoin, Ethereum, and XRP experienced a significant decline following the release of U.S. Producer Price Index (PPI) data, which reached 5.4%. This economic indicator has increased market expectations for a Federal Reserve interest rate hike during the upcoming September 15-16 FOMC meeting, putting downward pressure on crypto assets.