Crypto prices went down because of news about rising prices in the US! This means things are costing more. This is called inflation. The Federal Reserve (like a bank for banks) might raise interest rates again, which can make crypto prices fall.
- Bitcoin (BTC) went down by 3%.
- Litecoin (LTC) dropped a lot – over 11%!
- Shiba Inu (SHIB) and Solana (SOL) fell more than 5%.
- Overall, the value of all cryptocurrencies dropped.
| Crypto | Change |
|---|---|
| Bitcoin (BTC) | -3% |
| Litecoin (LTC) | -11%+ |
| Shiba Inu (SHIB) | -5%+ |
| Solana (SOL) | -5%+ |
| Total Crypto Market | -$3.11 Trillion |
Interest rates are like the cost of borrowing money. When they go up, borrowing gets more expensive, which can affect crypto prices.
