Market rallied following the PPI print. As of now, $BTC is trading at $113,963 and $ETH at $4,348, with Bitcoin dominance at 58.36%.
U.S. producer prices unexpectedly fell 0.1% in August, slowing annual PPI to 2.6% versus expectations of a 0.3% rise, signaling easing wholesale inflation and reinforcing market bets on a Fed rate cut next week. Tonight’s CPI report is expected to show a 0.3% month-over-month increase and 2.9% year-over-year inflation, with core CPI projected at 3.1%.
A few other headlines include: VanEck plans to file for a Hyperliquid (HYPE) spot staking ETF, JPMorgan calls the S&P 500’s rejection of Strategy a “blow to crypto treasuries,” and Binance announced a partnership with Franklin Templeton on tokenization.
Over the past 24 hours, the top three gainers were $PUMP, $MYX, and $AVAX, while the top three losers were $SYRUP, $ENA, and $WLD.
