1000CAT Token Sees 2.70% Price Drop Amid Mixed Market Signals and High Binance Trading Volume
The price of 1000CATUSDT has declined by 2.70% over the past 24 hours, moving from a 24h open of 0.00185 to a current price of 0.00180. This decrease can be attributed to mixed short-term market sentiment observed on social platforms and trading forums, with technical analyses indicating both bearish and bullish signals, but prevailing weak buying pressure and a bearish trend on the 30-minute chart. Trading volume remains significant, with over $299,606 recorded on Binance and the token price fluctuating between $0.00167 and $0.00288 across exchanges. The most active trading pair is 1000CAT/USDT, and the long/short ratio on Binance suggests a majority of traders hold long positions despite recent volatility.
January's US CPI Data Indicates Easing Inflation: Potential Impact on Bitcoin's Value
The Consumer Price Index (CPI) for January 2025 indicates a cooling inflation rate of 2.4%, slightly below the estimated 2.5%. The regular CPI monthly increase was at its lowest since last May at 0.2%. Chief economist of Navy Federal Credit Union, Heather Long, suggested that declining prices for gas, used cars, and medical care in January contributed to the lower inflation, despite increases in utilities and transportation. Bitcoin's price, often susceptible to volatility with the release of US CPI data, increased slightly before correcting itself. A more significant impact on Bitcoin's price is anticipated once the US Federal Reserve considers this data for its next interest rate reduction decision.
⚡️ Crypto News Digest: Key Updates You Need to Know
The current report features updates of Binance, Aztec, LayerZero, Espresso, World Liberty Financial, Aster, Tether, J.P.Morgan, Ondo, Lighter, Coinbase, and Sonic Labs.
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