[LIVE] Latest Crypto News, August 15 – Why Is Crypto Down Today? U.S. July PPI Surges, Triggers Crypto Market Sell-Off: Best Crypto To Buy During This Dip?

[Redator]

Let’s try to answer why the crypto market is down today. Yesterday, the U.S. Producer Price Index (PPI) for July rose 0.9% month-over-month and 3.3% year-over-year, far above forecasts of 0.2% and 2.5%. It was the largest monthly jump since June 2022, fueled by rising service costs in machinery wholesaling, portfolio fees, hospitality, and freight, alongside higher prices for vegetables and meat. The higher-than-expected data renewed inflation concerns, dampening hopes for a Federal Reserve rate cut and prompting traders to reassess the best crypto to buy in a more risk-off environment.

BRUTAL: Producer Price Index (PPI) surges to 3.3% YoY in July, far exceeding expectations. Core PPI up 3.7%. Trump’s tariffs on imports are driving up wholesale costs, signaling even higher prices for consumers.

— MeidasTouch (@MeidasTouch) August 14, 2025

Crypto markets reacted immediately. Bitcoin slid 5.88% to under $117,200, down from recent all-time highs, while Ethereum fell nearly 7%, briefly dipping below $4,500. Meme coins took the heaviest hit: PEPE, SPX6900, and Fartcoin each plunged over 10%, dragging the sector down 8.62% in 24 hours. XRP dropped 6.4% to $3.12. Over $1 billion in long positions were liquidated within an hour.

(BTCUSDT)

At the same time, some projects still pumped. SKALE surged nearly 48%, standing out in an otherwise red market.

EXPLORE: The 12+ Hottest Crypto Presales to Buy Right Now

PPI Outpaces CPI – Should Crypto Investors Worry or Hunt for the Best Crypto to Buy?

CPI reflects consumer prices, while PPI measures production costs. When PPI rises faster than CPI, it pressures profit margins and signals potential inflation: typically bearish for equities. For crypto, the link is weaker. As a high-volatility, risk-on asset class, market drivers such as strong narratives, retail FOMO, and memecoin speculation can outweigh macro headwinds.

In 2021, for example, PPI climbed sharply yet BTC and ETH continued a parabolic rally, supported by liquidity and institutional inflows.

Bitcoin has reclaimed $118K, Ethereum is back above $4.6K, and the market mood leans toward buying yesterday’s dip. So, what are the latest crypto updates for August 15?

There are no live updates available yet. Please check back soon!

The post [LIVE] Latest Crypto News, August 15 – Why Is Crypto Down Today? U.S. July PPI Surges, Triggers Crypto Market Sell-Off: Best Crypto To Buy During This Dip? appeared first on 99Bitcoins.