XRP News: Ripple Partners With Stripe’s Privy to Expand XRP Ledger Wallets

Major cryptocurrencies fell after U.S. inflation data exceeded expectations, with Bitcoin down 1.8% to $82,000 and Ethereum down 2.8% to $2,440. The total crypto market cap slipped 2.18% to $2.74 trillion. Higher inflation may complicate the Fed's efforts to control prices, potentially impacting risk assets like Bitcoin.

Bitcoin fell 1.5% to $82,142 on Wednesday after U.S. inflation data exceeded expectations, with CPI rising 0.6% monthly and 3.7% annually. This increased the likelihood of a Fed rate hike to 44-49% for the October meeting. Higher yields and a stronger dollar negatively impacted crypto and equities, with $281 million in crypto derivatives liquidated. Bitcoin's technical indicators suggest a mixed outlook, with key support and resistance levels identified.

US CPI rose 0.6% month-over-month, exceeding expectations and raising inflation concerns. XRP and Bitcoin prices fell sharply, with XRP dropping 1.63% in 15 minutes. Higher energy costs drove the CPI increase, impacting market sentiment and Fed rate expectations.

Evernorth, a Nasdaq-listed company, has partnered with Ripple, Kraken, Coinbase, and BitGo to deploy its 473 million XRP treasury. The initial operations are set to begin in late 2026.

Bitcoin (BTC), Ethereum (ETH), and XRP each fell 1% after a higher-than-expected September CPI inflation print of 3.7%. BTC dropped from $83,800 to $82,800, XRP from $1.38 to $1.34, and ETH to $2,430. Matt Hougan of Bitwise noted the reaction was less severe than expected, while U.S. bond yields spiked to 5.15%.

U.S. CPI data showed higher-than-expected inflation, leading to a 0.48% drop in cryptocurrency market cap. Bitcoin (BTC) fell 0.45% to $82,872.52, while Ethereum (ETH) dropped 1.3% to $2,475.00. Fed rate hike expectations increased, with a 45.9% chance of a 0.25% hike in October and 49% for a 0.50% hike in December.