Cryptocurrency markets have recently dipped, with Bitcoin trading at $118,203.36 and Ethereum at $4,562.59. The decline comes in the wake of rising producer price inflation, which has halted the altcoin rally. Notably, Solana is at $194.91, XRP is at $3.09, Dogecoin sits at $0.2247, while Shiba Inu is at $0.00001293.

According to data from IntoTheBlock, large transactions involving Bitcoin increased by 4% within a day, along with an 18.7% growth in Ethereum transactions. This reflects growing interest and activity despite current market turbulence.

Investors are closely monitoring these price levels. A failure to hold could signal more significant market shifts, while resilience could trigger renewed bullish momentum. Stay tuned for updates as the situation evolves.