Ethereum Drops 6% as US CPI Data Triggers $106M in Liquidations
Key Facts
Ethereum price dropped nearly 6% following the release of U.S. CPI data that exceeded market expectations. According to crypto.news, the decline triggered $106 million in ETH long liquidations on the Binance exchange as hotter inflation figures dampened investor appetite for risk assets.
The market reaction followed reports that annual inflation reached 3.7% in September, up from 3.4% in August. Traders are currently monitoring the $2,300 support level as a key price barrier, while U.S. spot Ethereum ETFs recorded approximately $130 million in net outflows on October 14, 2026.
Latest Updates · 2
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Update: The price declines extended to other digital assets on October 15, 2026, as XRP and Solana also faced selling pressure. This broader market retreat followed the hot inflation data which continues to weigh on risk appetite across the cryptocurrency sector.
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Update: Interactive Brokers has launched Ethereum staking services for eligible U.S. clients, introducing a new institutional investment avenue. Meanwhile, traders are monitoring negotiations regarding the U.S.-Iran conflict, as a potential resolution could alleviate inflationary pressures and bolster sentiment for risk assets.