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Crypto Market Holds Steady as Investors Await Key Economic Data

Crypto Market Holds Steady as Investors Await Key Economic DataThe Defiant1 min read
Crypto Market Holds Steady as Investors Await Key Economic Data

The cryptocurrency market remained flat on Wednesday, May 14, as investors await key macroeconomic data due Thursday, following a softer-than-expected U.S. Consumer Price Index (CPI) report on Tuesday.

Bitcoin (BTC) held steady near $103,500 while Ethereum (ETH) increased 2.5% on the day to $2,600. Solana (SOL) and XRP also edged up around 2-3% to $177 and $2.57, respectively.

The total cryptocurrency market capitalization decreased by 1.5% over the last 24 hours to approximately $3.46 trillion, according to CoinGecko. It’s up from near $3 trillion a week ago.

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