New York stocks rose on a slowdown in the U.S. consumer price index (CPI), but cryptocurrencies showed broad weakness. Major cryptocurrencies, including Bitcoin, fell from the 0% range to as much as the 2% range.
As of 7:55 a.m. on the 19th, on CoinMarketCap, a global coin market data site, Bitcoin was trading at $85,630, down 0.74% from the previous day.
During the same period, Ripple (XRP) fell 2.62% to $1.81. Solana also fell 2.59% to $119. Ethereum was down 0.17% at $2,828, and BNB was down 1.34% at $830.
On this day, New York stocks closed higher as expectations for a benchmark interest rate cut grew on the CPI slowdown. In contrast, Bitcoin declined, with analysts saying additional selling pressure mounted as the $2.3 billion options expiry scheduled for the 26th approached.