The crypto market is pushing higher today as softer inflation data lifts risk assets, with Bitcoin, Ethereum, and several altcoins showing notable gains.
Major Coins
Bitcoin ($BTC ) — $121,699, up 1.6% in 24 hours. Range: $119,014 – $122,026.
Ethereum ($ETH ) — $4,717.93, up 4.8%. Range: $4,484 – $4,738.
BNB ($BNB ) — $840.57, up 1.4%.
XRP (XRP) — $3.26, little change on the day.
Chainlink (LINK) — $23.67, edging higher.
Lower-than-expected U.S. inflation data is boosting hopes for a Federal Reserve rate cut in September, sending both stocks and crypto higher.
Ethereum’s rally is leading the market, driven by strong ETF inflows and institutional buying. Standard Chartered now sees ETH hitting $7,500 by year-end.
Altcoins are outperforming — Solana (+6.4%), Uniswap (+6.5%), and select meme coins like WIF and Popcat are posting double-digit gains.
Bitcoin dominance has dropped below 60% for the first time since February, showing that traders are shifting into altcoins.
Macro and Institutional Momentum
The Bullish exchange IPO (owner of CoinDesk) debuted with shares trading over 60% above the issue price — a confidence boost for the sector.
Broader equity markets are at record highs, reinforcing the risk-on environment that is lifting crypto prices alongside tech stocks.
Today’s market tone is bullish, with ETH stealing the spotlight. If momentum holds, we could see Bitcoin testing $123K and Ethereum heading toward $4,900 in the short term. CPI data has opened the door for further gains, but traders will be watching Fed commentary closely.
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