Cryptocurrency markets pumped on positive CPI data but retraced the move after an unexpectedly hawkish FOMC press conference.
Prices as of 3.30 p.m. ET:
Former President Donald Trump emphasized that Bitcoin mining should be in the U.S., sending Trump-related Maga Memecoin (CRYPTO: TRUMP) higher in the process.
Prominent cryptocurrency trader Mercury shared concerns about Bitcoin’s (CRYPTO: BTC) recent rejection from range highs, highlighting the threat of losing key moving averages.
Crypto trader Eugene Ng Ah Sio shared his perspective on why Ethereum (CRYPTO: ETH) is currently undervalued and suggests when the market provides opportunities, one should not overthink.
Crypto analyst Stockmoney Lizards highlighted five critical trends in the current altcoin cycle, offering insights into how investors can navigate an increasingly crowded market.