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Annual inflation in the United States (US), as measured by the change in the Personal Consumption Expenditures (PCE) Price Index, declined to 2.5% in January from 2.6% in December, the US Bureau of Economic Analysis reported on Friday. The core PCE Price Index, which excludes volatile food and energy prices, increased 2.6% on a yearly basis in January, down from 2.9% in December. This print came in line with the market expectations. On a monthly basis, the PCE Price Index and the core PCE Price Index both rose 0.3%, as anticipated. Other details of the report showed that Personal Income increased by 0.9% on a monthly basis, while Personal Spending declined by 0.2%. Market reaction to PCE inflation data The PCE inflation data don't seem to be having a noticeable impact on the US Dollar's (USD) valuation. At the time of press, the USD Index is up 0.04% on the day at 107.33. The core Personal Consumption Expenditures Price Index is expected to rise 0.3% MoM and 2.6% YoY in January. Markets largely expect the Federal Reserve to hold the policy setting unchanged in March and May. Annual PCE inflation is forecast to edge lower to 2.5% from 2.6% in December. The United States (US) Bureau of Economic Analysis (BEA) is set to release the Personal Consumption Expenditures (PCE) Price Index data for January on Friday at 13:30 GMT. This index is the Federal Reserve’s (Fed) preferred measure of inflation. Although PCE inflation data is usually seen as a big market mover, it might be difficult to assess its impact on the US Dollar’s (USD) valuation this time. Markets see virtually no chance of a Fed interest rate cut in March, and investors have been more interested in headlines surrounding US President Donald Trump’s policy changes and their potential impact on the economic outlook. Anticipating the PCE: Insights into the Fed's key inflation metric The core PCE Price Index, which excludes volatile food and energy prices, is projected to rise 0.3% on a monthly basis in January, following the 0.2% increase recorded in December. Over the last twelve months, the core PCE inflation is forecast to soften to 2.6% from 2.8%. Meanwhile, the headline annual PCE inflation is seen retreating to 2.5% from 2.6% in the same period. Following a 25 bps cut in December, lowering the Fed’s policy rate to the 4.25%-4.50% range, the central bank kept interest rates unchanged in the January decision. In the meeting Minutes released on February 19, the central bank removed earlier language suggesting inflation had "made progress" toward its 2% target, instead stating that the pace of price increases "remains elevated" to justify such a pause. Previewing the PCE inflation report, TD Securities said: “We look for core PCE prices to register a notably weaker advance in January compared to the CPI equivalent's 0.45% m/m increase. Headline PCE inflation should also come in softer at 0.30%. On a y/y basis, core PCE inflation is likely to drop by a notable three tenths to 2.5%—its lowest level since early 2021. Personal spending also likely fell for the first time since March.”$BTC

The last few weeks have been tough for crypto investors. Indeed, they have been marked by a prolonged market decline and a growing sense of distrust. $BTC , the engine of the sector, however, recorded a spectacular rebound. Thus, it surpassed $84,000 after having fallen to as low as $78,248. This turnaround raises an essential question: is this a true signal of recovery or just a mere bounce before a new phase of turbulence? In the shadow of this rise, major altcoins like Ethereum ($ETH ), Solana ($SOL ), and $XRP have experienced mixed performance. Some may take advantage of this to regain ground, while others remain under pressure. After several weeks marked by a continuous decline, Bitcoin has initiated a significant trend reversal and has risen above $84,000. On Friday, February 28, 2025, the first cryptocurrency recorded an increase of 6 %, a movement that follows a low of $78,248. This sudden surge has rekindled the interest of investors and analysts, with some even citing technical signals that suggest a lasting turnaround. The Relative Strength Index (RSI), often used to identify oversold or overbought zones, has played a key role in this dynamic. Thus, last week, the 14-day RSI fell below 30, a level that historically indicates an oversold market and potentially ready to bounce back. This technical signal has bolstered the confidence of buyers, who seized the opportunity to enter the market, thereby contributing to the price increase. Meanwhile, the fear and greed index, a barometer of investor sentiment, rose from 10 to 20 points, although it still remains in the extreme fear zone. These indicators reflect an improvement in market conditions, but they do not entirely eliminate the risks.

Here’s How Much Shiba Inu Must Rise to Still Turn a $1K Investment into $1M Shiba Inu (SHIB) has been one of the most popular and volatile cryptocurrencies in recent years. With its massive price swings, many investors have wondered how much SHIB needs to rise to turn a $1,000 investment into a whopping $1 million. To calculate this, we need to consider the current price of SHIB and the number of tokens that can be purchased with a $1,000 investment. Let's assume the current price of SHIB is around $0.000013. With a $1,000 investment, you could purchase approximately 76,923,076 SHIB tokens (1,000,000 / 0.000013). To turn this investment into $1 million, the price of SHIB would need to rise to around $0.013 (1,000,000 / 76,923,076). This represents a staggering increase of over 99,900% from the current price. While this may seem like an impossible task, it's essential to remember that SHIB has experienced similar price surges in the past. For example, in October 2021, SHIB's price rose from around $0.000006 to $0.000088, representing a gain of over 1,300% in just a few weeks. While past performance is not a guarantee of future success, it's clear that SHIB has the potential to experience massive price swings. If you're considering investing in SHIB, it's essential to do your own research, set realistic expectations, and never invest more than you can afford to lose. In conclusion, for a $1,000 investment in SHIB to turn into $1 million, the price would need to rise to around $0.013, representing an increase of over 99,900% from the current price. While this may seem like a daunting task, SHIB's history of volatility and massive price swings make it an exciting and potentially lucrative investment opportunity.

The popular Ethereum (ETH)-focused crypto wallet MetaMask plans to introduce native Bitcoin (BTC) and Solana (SOL) support in the coming months. MetaMask announced this week that Solana would be added in May, which represents the wallet’s first native non-Ethereum Virtual Machine (EVM) support. The project plans to add Bitcoin compatibility sometime in Q3. SOL defied a wavering crypto market on Friday and surged by 7.5%. The sixth-ranked crypto asset by market cap is trading at $147.49 at time of writing. MetaMask announced the new features amid a swelling user base. In a statement issued in February, the wallet’s developer Consensys said that the project’s monthly active users (MAU) rose from 19 million to more than 30 million between September 2023 and January 2024. That’s an increase of over 55%. The number of monthly active users nearly matches MetaMask’s historical high of 31.7 million recorded in January 2022. The wallet also recently inked a partnership with retail trading giant Robinhood that enables MetaMask users to purchase crypto assets directly within the wallet using Robinhood’s order engine. The U.S. Securities and Exchange Commission (SEC) also recently agreed to drop its lawsuit against Consensys after suing the blockchain software firm over MetaMask last year. The regulator had claimed the wallet acted as an unregistered securities broker.

TL;DR According to Ali Martinez, SHIB could find support at as low as $0.0000094. However, a breakout above $0.00001461 could trigger bullish momentum and a 230% price rally. SHIB’s Freefall Could Stop Here The meme coin sector has suffered painful losses following the overall crypto market crash in the past few days. The second-largest asset of that type – Shiba Inu (SHIB) – was among the worst affected, with its price plummeting by 16% weekly and 10% daily. SHIB Price, Source: CoinGecko Its market capitalization plunged below $7.7 billion, meaning the asset is now out of crypto’s top 20 club. As expected, the downtrend has negatively affected SHIB’s investors. According to IntoTheBlock’s data, the share of people sitting at paper losses has surged past 60%. One person touching upon SHIB’s recent performance was Ali Martinez. The analyst assumed that the price of the meme coin could decline to $0.000012 or $0.0000094 before finding support. The second level represents a 30% decline from the current rate. Another industry participant who chipped in on the matter was the X user Rose Premium Signals. They envisioned a bullish momentum if SHIB breaks above $0.00001461. The analyst predicted that reclaiming the target could lead to a price rally to as high as $0.00004401 (a 230% increase from the ongoing valuation). More Pain Ahead? Two important factors signal that SHIB bears might continue to prevail in the short term. The first is the reduced Shibarium activity. At the beginning of the month, Shiba Inu’s layer-2 scaling solution processed multi-million transactions on a daily scale, but in the past few weeks, this figure has shrunk substantially. This suggests decreased interest in the network’s applications, such as decentralized finance (DeFi), NFT projects, or gaming platforms. For its part, this could lower demand for SHIB tokens and reduce the buying pressure. The next factor is Shiba Inu’s burning mechanism. The burn rate has dropped by 16% in the last 24 hours, resulting in around 25 million tokens sent to a null address. The program’s ultimate goal is to reduce the tremendous circulating supply of SHIB, possibly making the asset more valuable via scarcity. However, stalled progress could hinder that mission. The post Shiba Inu (SHIB) Might Plunge by Another 30% Before Finding Support (Analyst) appeared first on CryptoPotato.