Cryptocurrency markets are currently in a wait-and-see mode ahead of today’s core PCE inflation data release. On Wednesday morning, major cryptocurrencies exhibited tight trading ranges, reflecting market uncertainty. Notable price movements included Bitcoin reaching $94,921, Ethereum trading at $1,805, XRP at $2.23, and Dogecoin at $0.1751. Although some cryptocurrencies recorded slight declines, the overall sentiment leans towards a cautious anticipation of economic indicators. Statistics from IntoTheBlock reveal significant activity in the market, with a 77.7% increase in large transaction volumes and a 28.9% rise in daily active addresses. These figures indicate heightened interest and activity within the crypto ecosystem, hinting at potential volatility. As the market digests today’s data, traders are bracing for potential shifts that could impact prices across the board.