Cyptocurrencies are consolidating on Wednesday morning as the market awaits the latest Consumer Price Inflation data report.

CryptocurrencyPrice   Gains +/-Bitcoin BTC/USD$109,282-0.2%Ethereum ETH/USD$2,766+2.7%Solana SOL/USD$164.78+3.6%XRP XRP/USD$2.32+1.3%Dogecoin DOGE/USD$0.1999+4.2%Shiba Inu SHIB/USD$0.0000132+1.6%

Notable Developments:

Trader Notes: Crypto trader Jelle emphasized the importance of the $109,000 level for Bitcoin, suggesting that holding this support could mark the beginning of price discovery.

Chart analyst Ali Martinez identified the key support zone for BTC between $106,090 and $102,770, warning that losing this range could shift momentum.

Analyst Michael van de…

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