Leading cryptocurrencies were little changed Wednesday overnight as higher-than-expected core inflation data weighed on investors’ decisions. What Happened: Bitcoin plunged below $56,000 during morning hours after core inflation for August exceeded estimates, moderating expectations for a 50-basis-point rate cut at next week’s FOMC meeting. However, a swift recovery saw the leading cryptocurrency nearly touch $58,000 by market close. Bitcoin was still down 0.47% over the past week, and 1.89% since September began. Ethereum also recovered its morning losses and hovered around the mid-$2,300 mar…
