According to Skew Δ, the Producer Price Index (PPI) aligned with the Consumer Price Index (CPI) report, showing a strong overall print. Additionally, jobless claims were reported to be less than expected. As a result, market reactions have been heightened, with assets experiencing a noticeable uptick. Traders are now awaiting the U.S. market open to observe actual trading flows.

According to CryptoMichNL, the U.S. market open is expected to be disastrous, potentially leading to increased fear and a sell-off in the markets. There is a possibility of a reversal if governmental news stabilizes the markets. However, in the short term, altcoins are expected to fall in the coming hours.