Major cryptocurrencies are mostly showing an upward trend. Market attention is focused on the direction of U.S. monetary policy and the cryptocurrency market's reaction following the release of inflation data.

Bitcoin at $77,541... Major Coins Rise Together

As of 10:29 p.m. on the 11th, Bitcoin was trading at $77,541.69 according to CoinMarketCap, up 0.77% from an hour earlier and 0.81% from 24 hours earlier.

Ethereum rose 3.39% over 24 hours to $2,502.07. Binance Coin (BNB) recorded $720.30, up 1.93% over the same period. Ripple (XRP) stood at $1.36, up 2.71% from an hour earlier and 0.36% from 24 hours earlier.

Solana climbed 1.87% from 24 hours earlier to $101.27, while Dogecoin also showed strength, gaining 1.39% to $0.08476. Hyperliquid rose 0.12% from 24 hours earlier to $81.22.

Tron and Zcash Fall... Mixed Movements by Coin

Meanwhile, some coins showed mixed movements. Tron fell 0.65% over the same period to $0.3361, and Zcash dropped 1.59% to $1,155.69.

U.S. August CPI Rises 3.4%... Digesting the Data Is Key

According to data released by the U.S. Bureau of Labor Statistics, the U.S. consumer price index (CPI) rose 3.4% year-on-year in August, while core CPI increased 2.4% over the same period. The U.S. August producer price index (PPI) was previously released on the 10th.

Following the release of the inflation data, market participants are watching the direction of U.S. monetary policy and the cryptocurrency market's reaction. The key questions are whether major coins will continue their current upward trend and whether volatility will expand as the market digests the data.

[This article is for reference in making investment decisions, and responsibility for investments lies with the investor.]