Cryptocurrency markets have sold off prior to the CPI data release on Wednesday, with major meme coins being hit particularly hard.

Prices as of 3.30 p.m. ET:

CryptocurrencyPriceGains +/-Bitcoin BTC/USD$67,357.84-3%Ethereum ETH/USD$3,494.13-4.7%Solana SOL/USD$149.26-6.9%Dogecoin DOGE/USD$0.1379-4.5%Shiba Inu SHIB/USD$0.00002173-5.4%

Notable Statistics:

Coinglass data shows 104,055 traders liquidated in the past 24 hours, with total liquidations at $270.1 million. Bitcoin’s open interest at $36 billion has continued to remain high since April 12.

IntoTheBlock data reports a 66.6% surge in large transaction volume, alongside a 9.6% increase in daily active addresses. Transactions greater… Read more on Benzinga