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      Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

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    Crypto News Today: CPI Report Could Decide Next Move for Bitcoin, Ethereum, and XRP

    Story Highlights
    • Bitcoin price today is holding above $111,600, while Ethereum trades near $4,298; markets remain cautious ahead of U.S. CPI data.

    • Altcoins show mixed moves, with Solana nearing all-time highs and Worldcoin (WLD) surging 40% on institutional backing.

    • Derivatives point to defensive sentiment, but long-term adoption grows as Nasdaq files for tokenized stock trading and Robinhood joins the S&P 500.

    Bitcoin Price Today and Ethereum News

    Crypto markets remain cautious as investors await this week’s U.S. Consumer Price Index (CPI) report, a key data point that could influence the Federal Reserve’s next policy steps. Bitcoin price today is holding above $111,600, while Ethereum trades near $4,298. The CD20 index climbed 1.6% to cross 4,000. Despite strength in equities and commodities, digital assets remain rangebound, signaling a defensive stance among traders.

    Macro Pressures and US Inflation Concerns

    The muted action follows a weaker-than-expected U.S. jobs report. August nonfarm payrolls added just 22,000 positions, far below forecasts. This fueled expectations of rate cuts, pushing Treasury yields lower and lifting equities. However, crypto traders remain on edge ahead of Thursday’s CPI release and the European Central Bank’s rate decision, both of which could set the tone for global risk assets.

    Altcoins Show Mixed Performance

    While majors like Bitcoin and Ethereum remain steady, altcoins are seeing varied momentum. Solana (SOL) is nearing all-time highs, supported by strong retail and institutional demand. Its memecoins, including BONK and FARTCOIN, are also climbing. Meanwhile, Worldcoin (WLD) surged over 40% after Eightco Holdings unveiled a $250 million crypto treasury plan backed by BitMine and market strategist Tom Lee, highlighting growing institutional adoption.

    Derivatives Signal Defensive Mood

    Options trading points to a cautious setup ahead of the CPI release. QCP Capital reported increased demand for protective puts as short-term volatility climbs. On Polymarket, traders give Ethereum a 70% chance of staying above $4,600 this month but only a 13% chance of breaking past $5,600. In contrast, Solana stands out with stronger odds of hitting new all-time highs before 2026.

    Institutions Driving Long-Term Adoption

    Despite near-term caution, institutional interest continues to expand. Nasdaq has filed with the SEC to enable tokenized stock and ETF trading, bridging traditional finance with blockchain. Additionally, more crypto-linked firms are entering major indices. For example, Robinhood’s inclusion in the S&P 500, versus MicroStrategy’s exclusion, shows how diversified business models are gaining faster mainstream recognition.

    Governance and Security Concerns

    Market confidence remains pressured by governance issues. The World Liberty Financial (WLFI) protocol recently froze more than 270 wallets, including those tied to Justin Sun, citing phishing concerns. Later reviews revealed the crash stemmed from heavy shorting and token dumping, but the abrupt wallet freeze unsettled large investors and market makers, reinforcing a cautious outlook.

    Never Miss a Beat in the Crypto World!

    Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

    FAQs

    How Is Crypto Market Doing Today?

    The market is cautious; Bitcoin holds above $111,600, Ethereum near $4,298, and altcoins show mixed momentum ahead of key U.S. inflation data.

    What Is Bitcoin Price Prediction For September?

    Analysts target $130K if BTC breaks $124K resistance, but short-term volatility is likely due to macro events like CPI and Fed decisions.

    How Upcoming Fed Meeting Impact The Crypto Market?

    A dovish Fed (rate cuts) could boost crypto by increasing liquidity, while hawkish signals may pressure prices amid risk-off sentiment.

    Is It Right Time to Invest in Altcoins?

    Select altcoins like Solana and Ethereum show strength, but overall market caution suggests careful research and diversification are key.

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