Crypto Overview: Market Faces Risk-Off Pressure Ahead of U.S. PCE Figures

Cryptocurrency markets are trading in the red, with the CoinDesk 20 Index down 5% over the past 24 hours, and all major tokens posting losses.

Investor caution is evident in futures markets, where capital continues to flow out, and put options on Bitcoin ($109,417) and Ether ($4,023) on Deribit indicate protective hedging against further declines.

Focus is now shifting to Friday’s U.S. core PCE report, the Federal Reserve’s preferred measure of inflation. Any surprise in the data, particularly a hotter-than-expected print, could trigger heightened volatility in crypto and broader financial markets.