Today’s US inflation data showed a slight uptick in August, with the Consumer Price Index (CPI) rising 0.2% monthly. Year-over-year data is at 2.5%, down from 2.9% and a consensus of 2.6%. The core CPI, which excludes volatile food and energy prices, increased 0.
As the broader crypto market faces significant price corrections, primarily driven by Bitcoin’s (BTC) nearly 5% drop on Monday, one token has emerged as a standout performer.
The latest weekly digital asset fund flows from CoinShares shed light on the ongoing dynamics among institutional investors when investing in altcoins such as XRP, Solana, and Cardano.