Altcoins To Stack Ahead of the June 17 FOMC Meeting
- Bitcoin eyes breakout as markets price in possible rate cuts.
- SUI grows fast in DeFi, stablecoins, and NFTs sectors.
- Solana outpaces Ethereum in users, stablecoins, and transaction volume.
The latest US inflation numbers are out, and they’re better than expected. The Consumer Price Index (CPI), which shows how fast prices are rising, came in lower than many thought. After the news, stock and crypto markets saw a small jump, and interest rates dropped a little.
Now, experts are waiting for an important FOMC meeting, happening on Tuesday and Wednesday this week. This meeting could signal the start of a new phase for markets, with some altcoins expected to benefit more than others if rate cuts eventually arrive.
According to AltcoinBuzz, while many tokens remain quiet, a few stand out for their strong growth and growing user base. The analyst’s first choice is Bitcoin, especially when interest rates drop. Historically, rate cuts have sent Bitcoin soaring, and it’s expected to break $110,000 in this cycle.
Related: XRP and Bitcoin Both Show Bullish Signs, But for Very Different Reasons
Altcoin 1: SUI
Sui has quietly become one of the strongest…
The post Altcoins To Stack Ahead of the June 17 FOMC Meeting appeared first on Coin Edition.
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Crypto Confusion? These Altcoins Are Holding Strong Under Pressure
Altcoins To Stack Ahead of the June 17 FOMC Meeting
- Bitcoin eyes breakout as markets price in possible rate cuts.
- SUI grows fast in DeFi, stablecoins, and NFTs sectors.
- Solana outpaces Ethereum in users, stablecoins, and transaction volume.
The latest US inflation numbers are out, and they’re better than expected. The Consumer Price Index (CPI), which shows how fast prices are rising, came in lower than many thought. After the news, stock and crypto markets saw a small jump, and interest rates dropped a little.
Now, experts are waiting for an important FOMC meeting, happening on Tuesday and Wednesday this week. This meeting could signal the start of a new phase for markets, with some altcoins expected to benefit more than others if rate cuts eventually arrive.
According to AltcoinBuzz, while many tokens remain quiet, a few stand out for their strong growth and growing user base. The analyst’s first choice is Bitcoin, especially when interest rates drop. Historically, rate cuts have sent Bitcoin soaring, and it’s expected to break $110,000 in this cycle.
Related: XRP and Bitcoin Both Show Bullish Signs, But for Very Different Reasons
Altcoin 1: SUI
Sui has quietly become one of the strongest…
The post Altcoins To Stack Ahead of the June 17 FOMC Meeting appeared first on Coin Edition.
Read More