Dogecoin Rises as Market Awaits Crucial CPI Report

The major cryptocurrencies are seeing mixed results today, with some showing gains while others slide. Dogecoin led the way, rising nearly 3% to just over 7 cents and taking its weekly gain to almost 3%. Bitcoin, on the other hand, is down near $63,700 and was the only large token lower on both the day and the week.

BNB followed with a 2% gain to $614, up almost 2% over seven days. Tron rose almost 1% to just under 34 cents and leads its own week at over 2%. XRP added over half a percent to just above $1, though it remains down 5% on the week.

Investors are waiting with bated breath for Thursday's U.S. CPI report, which could fuel a relief rally in risk assets if lower inflation expectations lead to a potential Fed pivot. However, rising oil prices threaten to push inflation higher.