India, Sept. 11 -- With the Federal Reserve's monetary policy decision less than a week away, the updates to inflation for August have turned global market sentiment volatile. As markets digested the unexpected rise in monthly core inflation, rate hike expectations from the Fed have increased dramatically. Cryptocurrencies, though volatile, are trading firm above the flatline. The overnight plunge in crude oil prices diminished the market's fears about the Fed's likely action on September 16.
Bitcoin traded between $76,296.50 and $79,695.70 during the past 24 hours. Ethereum ranged between $2,438.53 and $2,653.07 during the same period.
Data released by the U.S. Bureau of Labor Statistics on Friday morning showed headline annual inflation...