Crypto Market Today: Ethereum Jumps 7% on Hot Inflation Day, Bitcoin Holds $78K, and Pepeto Passes $10.9M Raised

Crypto is up today, and most people did not see it coming. The inflation report just dropped at 3.4%, per CNBC. Traders now see 90% odds of a Fed hike next week. And yet Ethereum climbed 7% to $2,607, per CoinMarketCap. 

When Ethereum led a green day like this on August 20, the whole market added nearly 10%, per The Crypto Times. 

That kind of move sends big money into big coins. But something smaller is building right below. Pepeto, a presale with a live zero fee exchange, already sits on more than $10.9 million raised.

Why Is the Crypto Market Today Up on a Hot Inflation Report?

The crypto market today moved up because the report held no surprise. August inflation came in at 0.4% on the month and 3.4% on the year, matching forecasts, per CNBC. Bitcoin dipped about $1,000 right after the news, then bounced to $77,952, per Benzinga. 

Underneath the price action, Bitmine bought 28,086 more ETH last week, per The Block on September 8. Big holders keep buying while retail waits on the Fed, and that gap is where moves start.

Why Is Pepeto Trending While the Big Coins Bounce?

A 7% day on Ethereum looks great on the chart, but every trade on a busy day costs money on most exchanges. That cost is exactly what Pepeto removes. Pepeto is a presale with three live tools, and it has raised more than $10.9 million toward its stage target. The price sits at $0.0000001894 and rises the moment this stage closes, by timer or by target. Buyers can pay with ETH, USDT, BNB, or a card.