Cryptocurrency markets are trading higher on Thursday after consumer price inflation data came in line with expectations.
| Cryptocurrency | Ticker | Price |
| Bitcoin | (CRYPTO: BTC) | $114,267.24 |
| Ethereum | (CRYPTO: ETH) | $4,415.01 |
| Solana | (CRYPTO: SOL) | $226.19 |
| XRP | (CRYPTO: XRP) | $3.03 |
| Dogecoin | (CRYPTO: DOGE) | $0.2513 |
| Shiba Inu | (CRYPTO: SHIB) | $0.00001302 |
Notable Statistics:
- Coinglass data shows 111,417 traders were liquidated in the past 24 hours for $246.09 million.
- SoSoValue data shows net inflows of $757.1 million into spot Bitcoin ETFs on Wednesday. Spot Ethereum ET'Fs saw net inflows of $171.5 million.
- In the past 24 hours, top losers include MYX Finance (CRYPTO: MYX), Four (CRYPTO: FORM) and Worldcoin (CRYPTO: WLD).
Notable Developments:
- Solana Leaves Bitcoin, Ethereum Behind As Coin Hits 7-Month High — Crypto Analyst Forecasts ‘Epic’ Year-End Rally
- Ethereum Consolidates Below $4,500: Is A New All-Time High Run Coming Soon?
- Bitcoin Holds At $114,000 As CPI Data Prints ‘Nothingburger’—What Now?
- Forward Industries Surges 12% Premarket On $1.65B Raise To Fund Solana Treasury Strategy
- Anthony Scaramucci-Supported Avalanche Network Reportedly Raising $1 Billion For AVAX-Focused Crypto Treasury
Trader Notes: More Crypto Online explained that Bitcoin remains resilient, with an alternative bullish microstructure forming. A break above the intraday high would increase the likelihood of this upside wave count playing out.
Satoshi Stacker drew a historical reference that September tends to be Bitcoin's weakest month. However, in years when it closes green, the trend has consistently led to a strongly bullish Q4.
Lennaert Snyder sees Bitcoin breaking its downtrend, reclaiming the top range and aiming for the $115,400 resistance. The $112,500 level now acts as key support, with a daily close above it signaling strong confirmation for further upside.
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