XRP and Ether Lead Crypto Losses As Bitcoin Slips

Crypto markets are facing heavy pressure this week. XRP and Ether are leading the losses across the board as traders pull back their risk. Bitcoin also struggled to hold the key sixty five thousand dollar mark for a fourth straight day.

The recent drop comes as a sharp rally in oil prices revives fears about stubborn inflation. Investors are now holding their breath ahead of crucial United States price data scheduled for release on Wednesday. Higher inflation numbers could mean interest rates stay elevated for longer, which usually hurts risk assets like digital currencies.

Traders are now watching to see if Bitcoin can defend its current support levels or if a deeper correction is on the way. Many are still eyeing the seventy thousand dollar milestone for the long term, but the short term road looks bumpy as macroeconomic factors take the driver seat.