Altcoins fall ahead of US CPI release, XRP prepares technical update

Red everywhere, or almost. A few hours before the American CPI, altcoins did not wait for the publication to set the tone, and it is not really optimistic. Ethereum falls to 2,455 dollars (-1.56%), Prices recorded this Friday, September 11 around 9 a.m., Paris time. This generalized decline is part of a week where altseason remains a word that makes us dream more than it describes the reality of the day.

Altcoins under pressure before the CPI: no one is spared

None of the big names are making it. Each fell between 1.5% and almost 7% over the last twenty-four hours, and the price of Hyperliquid suffered the biggest decline of the lot with its -6.60%, even though the token had held its record levels last week.

The market visibly prefers to lighten its positions before knowing what the American CPI will say at 2:30 p.m. this afternoon. Nothing dramatic yet.

On Deribit, approximately $2.51 billion worth of BTC and ETH options expire this Friday at 10 a.m. PT. The bitcoin lot weighs 2.23 billion dollars for a put/call ratio of 0.61, while ether only represents 279.86 million dollars for a ratio of 1.17. Options traders therefore hedge their positions on ether significantly more than on the king of cryptos.

XRP Ledger: fixCleanup3_3_0 amendment activates this Friday

While prices are falling, XRP has a date with its own technical news. With 82.86% support from validators, well above the required 80% threshold, the fixCleanup3_3_0 amendment can be activated this Friday, September 11 at 11:15 UTC (1:15 p.m. in Paris), support having remained above 80% for the past two weeks. It fixes eleven technical issues affecting Single Asset Vaults, the lending protocol, AMMs and the permissioned order book, without changing anything to the user experience. A plumbing update, no communication.

This is not the kind of announcement that will cause the price to rise by 4.5% in the same day. But it always counts in the end.