The crypto market slid lower on July 16 as rising U.S. inflation data dampened expectations of a Federal Reserve rate cut, while some investors locked in profits following recent gains. According to data from CoinGecko, the total crypto market capitalization fell to $3.78 trillion, down from around $3.91 trillion over the past 24 hours. Bitcoin (BTC) dropped from around $120,000 yesterday to a low of $116,000 earlier today. Ethereum (ETH) also slid below the $3,000 mark, while XRP (XRP) fell 5% from $3.02 to $2.78. Dogecoin (DOGE) took the biggest hit among major coins, tumbling 8%. Toncoin (TON), Litecoin (LTC),…
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