US PPI Inflation Cools To 2.2%, Crypto Market Recovery Ahead | MiconCrypto on Binance Square

Trending Articles

Bookmarked and Liked

--

US PPI Inflation Cools To 2.2%, Crypto Market Recovery Ahead?
US PPI inflation cools to 2.2%, fueling optimism for a potential 50 bps rate cut by the Federal Reserve, and boosting crypto market recovery hope.......
FOLLOW uS
X / Trend / Ig
Like 
Share
Comment 
Repost 
#BTC 

0 people tipped the creator.

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

342

0

Replies 0

Explore the latest crypto news

⚡️ Be a part of the latests discussions in crypto

💬 Interact with your favorite creators

👍 Enjoy content that interests you

Email / Phone number

Relevant Creator

@miconcrypto

Explore More From Creator

Terra Classic Price What’s Next For LUNC? Terra Classic [LUNC] price has sparked fresh optimism within the crypto community following a bullish breakout from an ascending triangle pattern. This technical move suggests a potential rally, even as broader market corrections persist. Despite recent declines, LUNC has shown resilience, experiencing a temporary dip following recent token burns and single transaction activity. Terra Classic Price Dips After a Massive Token Burn The Terra Classic price has seen significant activity recently, with 49,472.28 LUNC tokens burned in just the last hour through a single transaction. Today’s total burn count is substantial, amounting to 7,062,267.40 LUNC tokens. Of this total, 49,573.28 tokens were burned through direct transactions, while a larger portion, 7,012,694.12 tokens, was burned via tax mechanisms. The burn rate reached an impressive 2,494%, reflecting intensified efforts in token reduction. This heightened burn activity indicates a proactive approach by the community to manage supply levels, aiming for a positive impact on the LUNC token’s market dynamics. Follow Trend / X Like / Share Comment Repost

--

🚨🚨🚨Rate Cut at November Meeting🎤🎤 Former Cleveland Fed President Loretta Mester highlighted the possibility of a Federal Reserve interest rate cut during the upcoming FOMC meeting in November. Mester indicated that a 25 basis point cut seems quite straightforward at this juncture and elaborated on her reasoning. Rationale Behind the Rate Cut Mester expressed that inflation has significantly dropped from its peak, and although the Fed’s 2% target has not yet been met, a 25 basis point rate cut is reasonable. She emphasized that the inflation data following the September FOMC meeting has maintained confidence in the ongoing decline of inflation. President Mester noted that the unemployment rate has stabilized, and job data indicates a healthy labor market. Therefore, as the U.S. economy returns to normalcy, the Fed will need to implement monetary easing policies. Mester’s comments came after the announcement of U.S. employment data for October, which showed a rise of only 12,000 in non-farm payrolls, falling short of the expected 110,000. The unemployment rate remained steady at 4.1%. “I was pleased that the unemployment rate held steady because it shows the U.S. economy isn’t weaker than the non-farm payroll figures suggested.” Impacts on Cryptocurrency Markets A 25 basis point Fed rate cut could serve as a catalyst for Bitcoin $70,208 prices to surpass their current all-time highs. Following the 50 basis point cut from the September FOMC meeting, Bitcoin and the broader crypto market responded positively. The interest rate decision will be announced just two days after the November 5 U.S. presidential elections. A rate cut following the elections could create an ideal environment for reviving BTC and the crypto market. co-founder of BitMEX, suggested that the crypto community should focus more on the Fed’s decision than the U.S. election. He argued that the election results would not impact BTC, but instead, money printing and increasing U.S. debt issuance could support Bitcoin. Follow Trend / X

--

Binance Successfully Executes 29th BNB Coin Burn🔥🔥🔥🔥 Binance has successfully completed the 29th BNB coin burn on the BNB Smart Chain (BSC). A total of 1.77 million BNB has been burned, removing it from circulation. The value of the burned BNB is recorded at approximately 1.07 billion dollars, conducted to reduce the circulating supply of BNB while adhering to Binance’s transparency policy by sharing transaction details with the public. Follow Trend / X

--

Tron and Chainlink Partnership Strengthens DeFi Ecosystem Justin Sun, the founder of Tron, emphasized in an interview with CoinDesk that the fair structure of memecoins offers a stronger community connection compared to VC-backed coins. He mentioned that memecoins listed on the HTX platform generate higher returns than those on Binance and highlighted the benefits of community-driven development for these coins. Sun also discussed the significance of Tron’s new partnership with Chainlink $11 to attract more traditional financial participation into the DeFi ecosystem. Follow Trend / X Like / Share Comment

--

JUST IN 🚨 Stay in your lane and focus. Bitcoin will still explode 🔥🔥

--

Latest News

BNB Drops Below 570 USDT with a 0.99% Decrease in 24 Hours

--

Zero-Knowledge Proofs Revolutionize Decentralized Identity Systems

--

Cryptocurrency Rally Fades As Bitcoin, Ether, And Solana Decline

--

US Equities Rebound After Tech Stock Selloff

--

Bitcoin(BTC) Drops Below 69,000 USDT with a 2.29% Decrease in 24 Hours

--

Trending Articles

50,000 Ethereum (ETH) Mystery Stuns Binance, But What's Really Going On?

Solana (SOL) Price Prediction October 2024, 2025, 2026, 2030, 2040 – 2050

CryptoRegenClub

🚨 SHIBA INU HOLDERS, I Told You This Wo

Crypto Journey1

Here's a list of U.S. Presidents 1. **

Cookie Preferences

ba-one-trust-cookie