US inflation data came in lower than expected. It is moving in parallel with my estimate from yesterday, #BTC and #ETH . Yesterday, all cryptocurrencies and tokens showed a decline. Meme tokens like #ShibaInu $SHIB , DOGE showed an even faster decline. Today, the rising crypto market with inflation data will determine its direction with the FED interest rate decision in 6 hours. If the FED cuts interest rates by 25 basis points, the rise will continue. If the FED keeps interest rates steady, it will continue to move sideways.
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US inflation data came in lower than expected. It is moving in parallel with my estimate from yesterday, #BTC and #ETH . Yesterday, all cryptocurrencies and tokens showed a decline. Meme tokens like #ShibaInu $SHIB , DOGE showed an even faster decline. Today, the rising crypto market with inflation data will determine its direction with the FED interest rate decision in 6 hours. If the FED cuts interest rates by 25 basis points, the rise will continue. If the FED keeps interest rates steady, it will continue to move sideways.