Crypto Market Declines as Traders Reduce Risk Ahead of Inflation Data

The cryptocurrency market capitalization has fallen to $2.82 trillion, marking a 1.61% decrease from yesterday's close and a 2.61% drop from Sunday's peak. Market participants are reportedly reducing risk exposure in anticipation of the U.S. inflation data scheduled for release on September 30. Over the past 24 hours, leveraged long positions have incurred $209.40 million in liquidations, doubling the $101.52 million in losses seen by short positions.