Dogecoin (CRYPTO: DOGE) rose nearly 6% to $0.07 over 24 hours leading up to early Thursday morning.
DOGE rose alongside major coins as the global cryptocurrency market cap shot up 7.15% to $1.2 trillion.
U.S. stocks closed higher on Wednesday following the release of inflation data. Here is the list of some big stocks moving higher in the previous session.
Bitcoin (CRYPTO: BTC), the world’s oldest cryptocurrency, managed to surpass the $24,000 level again after recording losses over the previous few session.
Hong Kong’s Hang Seng Index rose over 1.3% in Thursday morning trade in line with positive cues from Wall Street the day before after July consumer inflation in the U.S. came in at 8.5%, below the expected figure of 8.7%, calming fears about aggressive rate hikes by the Fed.
Major coins rallied on Wednesday after July consumer price index data indicated a slowdown in inflation. The global cryptocurrency market cap rose 3.9% to $1.1 trillion at press time.
Media company Walt Disney Co (NYSE: DIS) announced third-quarter financial results after market close Wednesday. The company also announced a release date and pricing plans for its Disney+ ad-supported plan.