Major cryptocurrencies traded higher on Thursday on easing rate concerns after US consumer price data showed core inflation moderated to 4.3% in August from 4.7% in July. However, the overall retail inflation accelerated 3.7% in August, the most in 14 months, on rising gasoline prices.
Bitcoin (BTC) rose 1.38% to $26,260, whereas Ethereum (ETH) was above the 1,600 level. The global cryptocurrency market cap was trading higher, around $1.04 trillion, rising 1.38% in the last 24 hours.
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