Market Update:
#PPI data exceeds expectations, market sentiment is cautious, BSC ecosystem MEME becomes a new hotspot
US PPI Data and Market Reaction
The January PPI data released on Thursday showed that inflationary pressures have intensified, with the year-on-year increase reaching a nearly two-year high. However, the PCE core index, which is favored by the Federal Reserve, showed a monthly decline, easing market concerns about inflation and leading investors to react more dovishly to the PPI report. Additionally, Trump's announcement of reciprocal tariffs, which were not implemented immediately, provided some relief to the market, alleviating previous tensions.
Bitcoin Price Trend
Bitcoin (
#BTC ) attempted to break above the $98,000 high yesterday but failed to establish a solid footing, subsequently retreating to around $96,000 where it stabilizes. Currently, Bitcoin is priced at $97,000, down about 1.07% in the last 24 hours. Market sentiment is cautious, and investors are adopting a wait-and-see approach toward significant short-term volatility.
#山寨币 Market and
#MEME Hotspots
In the absence of clear consensus guiding the overall market, investor confidence is low, and market trading appears light. Continuous capital outflows have led to poor performance among most altcoins. However, the
#BSC ecosystem and related MEME tokens have become new market hotspots, attracting some capital inflows. The performance of these projects may provide new opportunities for investors, especially during periods of market volatility.