Bitcoin reacts to inflation rates, and Mimcoin is emerging as a up-to-date investment alternative

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The US Bureau of Employment Statistics announced the Consumer Price Index (CPI) for December, showing overall improvement in the virtual asset market.

The December consumer price index announced on December 15 met expectations and showed an boost of 2.9% compared to the previous year. It increased by 0.4% compared to the previous month, exceeding the expected 0.3%. The core consumer price index (core CPI), which has a significant impact on monetary policy decisions, increased by 3.2% compared to the previous year, falling below expectations. The price boost was particularly perceptible in the energy sector.

Source: U.S. Bureau of Employment Statistics

Although the Consumer Price Index turned out to be better than expected, it is still above the Federal Reserve’s target of 2%, which is why some experts say that the possibility of further interest rate cuts will have to be looked at for several months. CME FedWatch expects one rate cut per year.

The market generally reacted positively to the CPI announcement. The US stock market rose and Treasury yields fell. Bitcoin (BTC) surged immediately after the announcement and is currently trading at $99,753, up 3.0% from 24 hours ago. Ethereum (ETH) also gained 5.1% over the same period and is valued at $3,381, and Ripple Coin

The virtual asset market has continued its uninteresting sideways trend since the beginning of January. Following the release of macroeconomic data and predictions that monetary policy would not be eased easily due to a stronger-than-expected US economy and runaway inflation, Bitcoin held below $100,000 and fell to a low of $90,000.

Bitcoin rose to $97,000 after Tuesday’s Producer Inability Index (PPI) fell below expert expectations, before reaching $100,000 again yesterday.

Coin Recommendation for Cryptocurrency Market Recovery… . Pre-sales of the enhanced version of WEPE Pepe raised $49 million

The cryptocurrency market as a whole has begun to recover, led by Bitcoin. With President Donald Trump’s inauguration scheduled for next week, expectations are growing for an boost in the “Trump trade.” If you’re looking to diversify your portfolio with up-to-date coins in preparation for the upcoming coin bull market, it’s worth taking a look at Wall Street Pepe ($WEPE), a pre-sale meme coin that has raised $49 million.

Pepe of Wall Street

Wall Street Pepe provides trading signals, memecoin alpha calls and market insights to VIP WEPE Army members, which include $WEPE holders, and provides retail investors with the opportunity to fairly participate in the anti-whale market.

Wall Street Pepe added the concept of the Reddit group “Wall Street Bets,” which drove the 2021 meme market frenzy, to the “Pepe the Frog” meme. During this time, individual investors united to oppose the market domination of Wall Street institutional investors.

Wall Street Pepe is trying to replicate this move in the cryptocurrency market. The WEPE team regularly hosts trading competitions to reward traders who share successful trading ideas, and also runs a stake pool to provide passive income opportunities. The current expected reward rate in the stake pool is 26% APR, but the reward rate may decrease as the size of the pool increases.

ClayBro, a famed coin trader with over 130,000 YouTube subscribers, predicted that Wall Street Pepe could become the “best meme ICO of all time.”

He highlighted that Wall Street Pepe exceeded the amount raised by Pepe Unchained (PEPU) based on the pre-sale period. PepeUnchained is a memecoin that recently completed a successful pre-sale and attracted attention, having raised over $74 million at the time.

At the time of writing, $WEPE tokens are trading for $0.00036648, but the price is expected to boost in the coming hours as the pre-sale target is close to being reached. Interested investors can purchase $WEPE tokens by connecting their cryptocurrency wallet to the Wall Street Pepe website.

More information can be found on WEPE’s official website X (formerly Twitter), telegram You will find it in your account.

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