Bitcoin and Ether Bounce on Stable Inflation Report

The August US Consumer Price Index (CPI) report failed to significantly alter the market's interest-rate outlook, allowing Bitcoin and Ether to post modest gains.

According to The Block, the CPI rose 0.4% from a month earlier and 3.4% from a year earlier, driven primarily by energy prices.

The report was not strong enough to change expectations for the Federal Reserve's September rate path, with market participants citing the cooling trend in core inflation as a reason for caution.

Bitcoin briefly neared $79,000 before retreating to around $77,800, while Ether moved above $2,500. Analysts attributed the modest gains to institutional capital allocation rather than excessive leverage.