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. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io