Major cryptocurrencies diverge with Dogecoin up 3 percent and bitcoin the sole laggard amid mixed risk sentiment ahead of U.S. CPI data.
Dogecoin surged nearly 3 percent to $0.07, leading major cryptocurrencies higher, while bitcoin slipped near $63,700, marking its only decline among top tokens for both the day and week. BNB rose 2 percent to $614, and other majors like Solana and ether posted modest gains.
The moves come as investors weigh Thursday’s U.S. CPI report, which could influence Fed policy expectations. Asian equities rallied, with Korea’s Kospi jumping 4.6 percent on strong semiconductor earnings, contrasting with bitcoin’s underperformance.
Risk assets remain volatile amid Middle East tensions and rising oil prices, which threaten to reignite inflation concerns despite hopes for a Fed pivot.