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Ethereum dips below $2,400 as hot inflation fuels selling and long liquidations

Key takeaways Ethereum traded below $2,400, down 5.3% over 24 hours, after stronger-than-expected US inflation unsettled crypto markets. Higher Treasury yields, a stronger dollar and rising rate hike expectations added pressure to ETH.

Why it matters

A single-asset headline is not a market-wide fact. Check the tape, dominance, and whether the move is cash, derivatives, or a story premium.

Automated desk note. Not Dextape reporting.

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Headline and excerpt from CoinJournal’s public feed. CoinJournal holds the copyright and publishes the full story; Dextape links to it rather than reprinting it.