Bitcoin, Solana, XRP Tumble Ahead Of CPI – And Retail Traders Aren’t Feeling Bullish

• Markets are pricing roughly a 70% chance of a Fed rate hike at the September 16 FOMC meeting.

• Bitcoin has struggled to regain $80,000 after failing to sustain recent rebounds.

• Ethereum held up better than several major tokens, while XRP and Solana extended their weekly declines.

Bitcoin (BTC), Solana (SOL), and Ripple's (XRP) token fell Friday morning, extending a rough week for major cryptocurrencies even as U.S. stock futures pointed to a higher open ahead of the August CPI report.

Bitcoin's price fell 1.5% over the past 24 hours, while Zcash (ZEC) led losses among major tokens, dropping 11%. XRP's price dropped around 4.2% followed by Solana, which fell around 2.4%. Ethereum (ETH) edged just 0.5% lower in the last 24 hours.

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On Stocktwits, only Zcash saw retail sentiment trending in the 'extremely bullish' zone over the past day. Sentiment around Bitcoin, Ethereum and Ripple trended in 'bearish' territory, while sentiment around Solana remained in the 'extremely bearish' zone.

Equities, meanwhile, were set for a higher open. The SPDR S&P 500 ETF (SPY), the SPDR Dow Jones Industrial Average ETF (DIA) and the Nasdaq-100 tracking Invesco QQQ Trust (QQQ) moved 0.5% higher in pre-market trade.