Cryptocurrencies are benefiting from weaker-than-expected inflation data, which has raised hopes for a U.S. Federal Reserve rate cut in September.
Bitcoin is trading at $120,420, up 1.4% after recently touching a mid-July record high of $123,166.
Ethereum surged 6.6% to $4,690, with other altcoins like XRP, Solana, and Dogecoin also posting notable gains.
