Leading cryptocurrencies surged Wednesday after days of corrective action, as favorable inflation data and the Federal Reserve's rate pause spurred investments into risk-on markets.
Financial analyst and investor Keith Gill earned a lasting reputation by posting his analysis of GameStop (GME:NYSE) stock on the subreddit r/wallstreetbets under the username DeepFuckingValue (DFV) and as RoaringKitty on X and YouTube.
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.
Over the past 24 hours, Stacks's (CRYPTO: STX) price rose 8.84% to $2.39. This continues its positive trend over the past week where it has experienced a 2.0% gain, moving from $2.38 to its current price. As it stands right now, the coin's all-time high is $3.86.
Internet Computer's (CRYPTO: ICP) price has increased 4.16% over the past 24 hours to $10.57, which is in the opposite direction of its trend over the past week, where it has experienced a 15.0% loss, moving from $12.41 to its current price.
Over the past 24 hours, Render's (CRYPTO: RNDR) price has risen 10.0% to $9.09. This is contrary to its negative trend over the past week where it has experienced a 10.0% loss, moving from $10.51 to its current price. As it stands right now, the coin's all-time high is $13.53.
Fetch.ai's (CRYPTO: FET) price has increased 7.32% over the past 24 hours to $1.69, which is in the opposite direction of its trend over the past week, where it has experienced a 19.0% loss, moving from $2.15 to its current price.