🚨 Is a Bull Run Ahead for Crypto and Stocks After CPI Inflation Eases?

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CoinGape Media
September 11, 2024

News

Former Mt. Gox CEO Mark Karpeles has told crypto users to trust his new exchange with their funds because it will be fully transparent.

He has explained to crypto users why they can trust his new crypto exchange, EllipX, despite being at the helm when Mt. Gox went bankrupt. Karpeles remarked that he intends to do things differently with the new crypto exchange and believes his experience makes him the right person to lead EllipX.

Here's a brief report on the recent Trump-Harris debate hosted by ABC News and 5 vital areas of discussion.

The recent hot discussion between the Republican and Democratic Party presidential candidates has echoed a frenzy across the United States amid the ongoing elections. The debate, hosted by ABC news, offered the general public vital insights into the candidates’ views on tax policies, industry regulation, employment, and other key aspects driving the economy. Meanwhile, a tidal wave of optimism for the Democratic party candidate emerged with the latest debate, while Trump appears to have encountered a setback.

The page lists some of the most popular meme coins and tokens available for trading right now. Our in-house experts have researched and profiled the top meme coins to invest in today.

Markets

Major token unlocks for $JTO, $TIA, and $ONDO may lead to sharp price drops. Discover the potential impact on the altcoin market.

Several major token unlocks are set to take place in the coming months, which could potentially de-stabilizing the altcoin market. These unlocks will introduce large amounts of new supply, and as a result, investors are bracing for possible price crashes this month.

Historically, sharp increases in supply without matching demand often lead to market volatility. These unlocks will affect major coins like $JTO, $TIA, and $ONDO. This raises concerns about price declines and market instability.

As Coinbase stock price rises, driven by the success of its Base L2 network, investors are bullish on these three coins for that promise massive profits.

Coinbase stock price (NASDAQ:COIN) gained 2.2% in the last 24 hours, bringing its price to $158.46. Much of Coinbase’s success is seen from its layer-two (L2) solution network Base, which has continued to dominate the L2 sector, hardly standing out as a technological pioneer.

In light of the well-performing COIN and the rising popularity of the Base L2, investors are flocking to purchase these three coins making them some of the top crypto to buy.

US CPI inflation cools to 2.5% in August, down from the market expectations, and potentially paving the way for a stock and crypto rally ahead of the Fed rate cut decision.

The US Consumer Price Index (CPI) data showed that the inflation has cooled to 2.6% in August, down from the market expectations. The much-awaited inflation is one of the crucial metrics that the US Federal Reserve gauges while deciding the policy rate plans. However, given the cooling figures, the central bank might move ahead with a dovish plan, which in turn could trigger a rally in the stocks and crypto market.