VeChain, Toncoin, Compound, Maker prices rise as US CPI spikes
Altcoins like Toncoin, Compound, Maker, and Hedera Hashgraph jumped on Wednesday. The US published strong consumer inflation data as the CPI soared to 3.7%. Cryptocurrency price s reacted differently to the latest US consumer inflation data. Toncoin’s TON token jumped by 10% while Compound , VeChain, Maker , and Aptos rose by over 9%. Bitcoin price remained comfortably above $25,000. US inflation jumped in August Crypto prices reacted mildly to the latest US inflation data. According to the statistics agency, the headline inflation jumped from 0.2% in July to 0.6% in August while core inflation rose to 0.3%. On a YoY basis, inflation rose by 3.7% while core CPI dropped to 4.3%. Gasoline was the main cause of this inflation. Data by AAA shows that the average gasoline price has surged to over $3.85. This trend will likely continue rising as the price of Brent is now comfortably above $92 and WTI has jumped above $89. Therefore, analyst...