Bitcoin News: Bitcoin reaches $123,000, and Ethereum surpasses $4,500 as inflation data fuels cryptocurrency rally

Bitcoin surged to an all-time high of $123,231, while Ethereum crossed the $4,500 mark. Binance Coin (BNB) climbed to $830 after U.S. data aligned with its American rate. Subsequently, the Consumer Price Index for July showed that the CPI remained stable at 2.7% year-on-year, which is lower than the expected 2.8%, increasing investor confidence in high monthly interest rates.