Ethereum, XRP, PI fall as US PPI inflation reaches 6.5%
Ethereum, XRP and Pi Network traded under pressure on Nov. 13 as US producer price inflation hit 6.5% annually, with ETH below $2,000 and XRP near $1. The October PPI report also showed a 0.3% monthly increase. Hotter producer inflation keeps pressure on risk assets and rate expectations, which explains the weakness across major tokens.