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Zenger
Zenger
Mehab Qureshi

Bitcoin, Ethereum, Dogecoin Trade Mixed After August CPI Inflation Comes In Hotter Than Anticipated

Major cryptocurrencies experienced a mixed performance on Wednesday evening, following the release of the U.S. government’s Consumer Price Index (CPI) report for August, which revealed slightly higher than anticipated data. PHOTO BY PIERRE BORTHIRY/UNSPLASH

Major cryptocurrencies experienced a mixed performance on Wednesday evening, following the release of the U.S. government’s Consumer Price Index (CPI) report for August, which revealed slightly higher than anticipated data.

The latest report revealed that inflation surged to 3.7% on a year-over-year basis, surpassing economist predictions of 3.6%. 

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