The US Bureau of Labor Statistics announced the consumer price index (CPI) for December, showing that the overall virtual asset market is recovering.
The consumer price index for December announced on the 15th met expectations and showed an increase of 2.9% compared to the previous year. It rose 0.4% compared to the previous month, exceeding the expected 0.3%. The core consumer price index (core CPI), which has an important influence on monetary policy decisions, rose 3.2% from a year ago, below expectations. This price increase was especially notable in the energy sector.
Although the consumer price index turned out to be better than expected, it is still above the Federal Reserve’s 2% target, so some experts say the possibility of further interest rate cuts should be watched for several months. further. CME FedWatch expects an interest rate cut during the year.
In general, the market reacted positively to the CPI announcement. The US stock market soared and government bond yields plummeted. Bitcoin (BTC) skyrocketed immediately after the announcement and is currently trading at $99,753, up 3.0% from 24 hours ago. Ethereum (ETH) is also up 5.1% over the same period and is trading at $3,381, and Ripple Coin
The virtual asset market has continued a boring sideways trend since early January. As macroeconomic data was released and predictions were made that monetary policy would not ease easily due to a stronger than expected US economy and runaway inflation, Bitcoin remained below $100,000 and fell to a low of $90,000.
Bitcoin recovered to $97,000 after Tuesday’s Producer Impossibility Index (PPI) fell below experts’ expectations, before touching $100,000 again yesterday.
Cryptoasset market recovery currency recommendation… . Pre-sale of the improved WEPE version of Pepe raises $49 million
The cryptocurrency market as a whole has started to recover, led by Bitcoin. With Donald Trump’s presidential inauguration scheduled for next week, expectations are rising for a surge in the “Trump trade.” If you want to diversify your portfolio into new coins in preparation for the next coin bull market, it’s worth taking a look at Wall Street Pepe ($WEPE), a pre-sale meme coin that raised $49 million.
Wall Street Pepe provides trading signals, memecoin alpha calls and market information to WEPE Army VIP members, which are made up of $WEPE holders, and also gives individual investors the opportunity to fairly participate in the market against the whales
Wall Street Pepe added the concept from the Reddit group ‘Wall Street Bets’, which led the meme stock craze in 2021, to the ‘Pepe the Frog’ meme. At that time, individual investors banded together to resist the market dominance of Wall Street’s institutional investors.
Wall Street Pepe seeks to replicate this movement in the cryptocurrency market. The WEPE team regularly organizes trading competitions to reward traders who share successful investment ideas and also operates a betting pool to provide passive income opportunities. The expected reward rate of the current staking pool is 26% APY, but the reward rate may decrease as the pool size increases.
ClayBro, a famous coin trader with over 130,000 YouTube subscribers, predicted that Wall Street Pepe could become “the best meme coin ICO of all time.”
He highlighted that Pepe de Wall Street 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 by raising over $74 million at the time.
At the time of writing, $WEPE tokens are selling for $0.00036648, but the price is expected to rise in the coming hours as the pre-sale target is about to be reached. Interested investors can purchase $WEPE tokens by connecting their cryptocurrency wallet to the Wall Street Pepe website.
For more information, visit the official WEPE website X (formerly Twitter), telegram You can find it in your account.
