Bitcoin, Ethereum, Dogecoin Trade Mixed After August CPI Inflation Comes In Hotter Than Anticipated: Analyst Predicts Beginning Of New Bull Market, Expects King Crypto To Reach $60K Levels

Major cryptocurrencies experienced a mixed performance on Wednesday evening, following the release of the U.S. government’s Consumer Price Index (CPI) report for August, which revealed slightly higher than anticipated data. What Happened: The latest report revealed that inflation surged to 3.7% on a year-over-year basis, surpassing economist predictions of 3.6%. This increase was attributed to the rising oil prices, reaching a new high for 2023 and extending into September. However, when excluding food and energy expenses, the core Consumer Price Index (CPI) declined to 4.3% in August from 4.7…

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