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Yesterday's data! The housing index increased by 0.5% month-on-month and soared by 5.2% year-on-year, directly pushing up the core CPI. The probability of the Federal Reserve cutting interest rates by 25 basis points in September has soared from 71% to 85%, and the expectation of an overall interest rate cut of 100 basis points this year has gradually become clear.
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As soon as the data came out, the US stock market plunged first, UVIX rose by 15%, SOXS exceeded 4%, but Nvidia's counterattack led the technology stocks to rebound strongly, and the Nasdaq closed up 2.2%. AI concept stocks all followed suit, and the technology storm is sweeping the market!
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I have mentioned the AI concept before. This is one of the few sectors where the hot concepts of the traditional circle and the currency circle overlap. Moreover, as the leader of the previous wave of startups, the consensus of funds is still there! Recently, you can take a look at the AI's representative currencies $WLD and $FET to see if there is continuity. If so, other AI concept small coins will be a choice that can eat short-term hot spots!
$wld rebounded yesterday due to the news of OpenAI's financing. This coin is currently a consensus weak market crash coin.
$FET rebounded continuously and also reached the pressure level.
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If these two can be sustained, then feel free to chase other altcoins in the AI sector
