bitcoin surpassed its ATH of $106,000 last night, following a 50% price increase since the US election result due to Donald Trump's championing of cryptocurrencies.
Its rally also follows anticipation of upcoming Federal Reserve (Fed) interest rate changes, possibly a 25 basis point cut during the December 18 Federal Open Market Committee (FOMC) meeting.
Still, if it is the last cut for a while (as anticipated), the price of bitcoin could plummet while the US dollar and Treasury yields rise.
Luckily, the meme coin project Wall Street Invitation ($WEPE) offers trading information that protects against market volatility.
97.1% chance the Fed will slash interest rates
CME Group FedWatch Tool highlights that there is a 97.1% probability that the Federal Reserve will lower US interest rates at the next FMOC meeting.
The Federal Reserve is expected to cut rates to between 4.25% and 4.50% within two days. Lower interest rates generally lead to greater market liquidity, which encourages investments in riskier assets like bitcoin and other cryptocurrencies.
Also signaling prosperous times for cryptocurrencies are rate cuts that weaken the US dollar, making cryptocurrencies cheaper when purchased in dollars.
However, the Federal Reserve is expected to implement an “aggressive rate cut,” suggesting less easing next year, possibly hurting bitcoin's future trajectory.
Wall Street Pepe ($WEPE) raises more than $25 million in pre-sale
In light of economic changes, Pepe Wall Street equips investors with the tools to make informed decisions amid market volatility.
The Pepe-inspired meme coin offers token holders exclusive insights into cryptocurrency trading. Its ultimate goal is to prevent market manipulation by bringing together cryptocurrency investors so that whales and insiders compete for their money.
Cryptocurrency traders have already noticed its potential, as evidenced by the fact that $WEPE earned over $25 million in pre-sale.
Exploiting your trading insights currently costs just $0.0003644 per $WEPE. Notably, the price of the coin increases every time it reaches a milestone, indicating that now is a good time to buy.
$WEPE equips crypto investors for success
Although bitcoin is still hitting ATH after ATH, investors should be cautious and consider long-term factors rather than just short-term factors for financial stability and sustainability.
As Americans prepare for financial change, tools like $WEPE become increasingly necessary. Is Trading insights give cryptocurrency investors leverage against unpredictable market movements.
However, this is not financial advice. Always DYOR before making investments to make sure you are aware of the potential risks involved.
