Leading cryptocurrencies extended losses alongside the stock market on Wednesday, as investors brace for crucial consumer inflation data.

Painful February Continues

Bitcoin oscillated between $65,000 and $68,000, while a low 24-hour trading volume suggested a lack of strong buying interest to push the price higher. Ethereum briefly broke below its support at $1,900, but quickly reversed. 

The two blue-chip coins have had it rough in February, with Bitcoin declining 16% already, and Ethereum down more than 20%.

Over $250 million was liquidated from the market in the last 24 hours, according to Coinglass, with $179 million in bullish long bets alone wiped out.

Bitcoin’s open interest slid…

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