The cryptocurrency market posted an uptick today, with major tokens in the green, a trajectory that mirrored positive moves in U.S. equity markets. 

The rally comes amid a cooler inflation reading from one of the U.S. Federal Reserve's key data gauges. According to the U.S. Bureau of Economic Analysis, the personal consumption expenditures (PCE) price index increased 0.1% in June and was up 2.5% from a year ago. The annual rate showed a slight decline from May's 2.6%, confirming that inflation continues to close in on the Federal Reserve’s 2% annual target.

The largest digital asset by market cap's price increased 4.7% in the past 24 hours and was changing hands for $67,689 at 11:28 a.m. ET, according to The Block’s Price Page.

In early trading on Friday, the Dow Jones Industrial …