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Why Bitcoin, Ethereum, and Dogecoin Are Rising Today

TheMotleyFool

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Why Bitcoin, Ethereum, and Dogecoin Are Rising Today: https://g.foolcdn.com/editorial/images/720724/generic-upward-10.jpg

Cryptocurrencies shook off mixed inflation data this morning and climbed after what has been a difficult last week for the industry on the regulatory front.

Since late afternoon yesterday, the price of the world's largest cryptocurrency, Bitcoin (CRYPTO: BTC), traded roughly 2.6% higher as of 11:25 a.m. ET. The price of the world's second-largest cryptocurrency, Ethereum (CRYPTO: ETH), traded 4.6% higher, while the meme token Dogecoin (CRYPTO: DOGE) was up 2.4%.

All eyes were on the January reading of the Consumer Price Index (CPI) today, which tracks the prices on a market basket of consumer goods and services and is one way investors gauge inflation.

Source Fool.com

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