Crypto Markets Steady Ahead of U.S. CPI Report
- Bitcoin (BTC) is trading flat above $111,600, while Ethereum (ETH) is at $4,298.
- The CD20 index of major digital assets is up by 1.6%, trading above the level of 4,000.
- August Nonfarm Payrolls reported only a gain of 22,000 jobs against expectations of 75,000.
- Polymarket data indicates ETH has a 70% chance to stay above $4,600 this month.
- WLFI protocol froze over 270 wallets due to phishing incidents, including those belonging to Justin Sun.
Traders are adopting a cautious approach as they await the upcoming U.S. Consumer Price Index report, which could influence market sentiment and interest rate expectations. The current market dynamics reflect a divergence from broader risk sentiment in equities and fixed income markets.
With Bitcoin holding steady above $111K and Ethereum around $4.3K, traders are preparing for potential volatility ahead of key economic data releases.(Source)
