Bitcoin, which exceeds the US inflation rate, falls below $62,000
$Bitcoin (BTC.CC) $Europe fell below $62,000 on Tuesday morning and fell about 1.63% in 24 hours. The Coin Desk 20 Index (CD20), which is a broad indicator of the entire digital asset market, fell almost 1.1%.$Ethereum (ETH.CC) $It fell more than 2% to slightly above $2,900, while Solana remained almost unchanged at $145. Within the next 24 hours, attention will be drawn to inflation reports from the US.
The latest producer price index (PPI) and consumer price index (CPI) are scheduled to be announced within two days. Until now in the US, expectations for interest rate cuts have been disappointed due to stubborn high inflation, and it has become a risk asset such as virtual currencyThe brakes are appliedIt's possible.
$GameStop(GME.US$ The rise has caused a sharp rise in meme coins PEPE, FLOKI, and MOG. Retail trader @TheRoaringKittyによるXへの投稿により, who was the central figure of GME Short Squeeze in 2021, the video game retailer's stock price skyrocketed on Monday, causing a rise in major meme tokens.
PEPE, FLOKI, and MOG have all risen by 30% in the past 24 hours, which suggests that traders may be anticipating the reappearance of DOGE's rise in 2021 that occurred after the sharp rise in GME.
“The market remembered that much of the GameStop fervor in 2021 spilled over to $doge and other meme coins, so the revival of Roaring Kitty was perceived as bullish for meme coins,” MOG token developer Shisui told CoinDesk in a message.
According to the status page, Coinbase (COIN) was hit by a 3-hour outage starting at 04:15 UTC on Tuesday and resumed use at 07:42. Visitors to the website had previously received a “503 service temporarily unavailable” message. Coinbase has addressed the outage, but some users pointed out that there is still a possibility that failures will occur when transferring cryptocurrencies or withdrawing fiat currency. Bitcoin prices don't seem to be affected. Coinbase stated “your funds are safe” in a suspended post to X, but did not reveal anything further about the nature of the issue.
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