Cryptocurrencies Higher After August's CPI Print — Market Talk

Major cryptocurrencies are climbing following a firm August CPI. Bitcoin rises 2% to $78,801, after traders rejected the $80k mark, which analysts see as a short-term lid. "After a 24% two-week rally, price stalled as it ran into a cluster of on-chain and technical resistance," say analysts with CryptoQuant in a note. "A supply wall sits directly overhead at $77.1k-$80.2k." Ethereum rises 5.7% to $2,602, XRP is up 3.8% to $1.41, and solana climbs 4.4% to $104.41. ([email protected])