Crypto markets reacting to U.S. inflation data and Fed expectations

• The U.S. Consumer Price Index (CPI) rose 2.9% year-over-year in August, slightly above expectations.

• Bitcoin, Ethereum, and other major coins slipped modestly in response, as markets weigh what rate cuts, if any, the Federal Reserve might make.

• Bitcoin is consolidating after reaching an all-time high in mid-August, trading in a range roughly between $104,000 to $114,000.

#bitcoin $BTC $ETH $XRP

XRP

1.9464

+3.00%

ETH

2,989.73

+1.77%

BTC

90,036.35

+1.72%