Crypto Markets Hold Steady as Traders Digest Inflation Data Ahead of Fed Meeting
Markets are broadly flat after the August CPI report, with SOL and DOGE breaking the trend.
Crypto markets are mostly flat today, Sept. 11, holding onto recent gains, with total market capitalization still above $4 trillion after fresh inflation data was released in the latest United States. The Consumer Price Index (CPI) report for August strengthened expectations that the Federal Reserve will cut interest rates at its next policy meeting, set for next week.
Bitcoin (BTC) continues to trade at about $114,400, up 0.5% over the past 24 hours and 3.4% on the week, while Ethereum (ETH) is still standing at around $4,400, flat on the daily and weekly timeframes.
Most other large-cap altcoins are…
