The post Dogwifhat, Popcat And This ICO Predicted To Beat The Price Crash appeared on BitcoinEthereumNews.com.

Recent data reveals strong whale buying activity amid the latest crypto crash, indicating that a local bottom could be close.  In particular, whales are buying the dip on Solana meme coins, likely anticipating the start of a meme coin supercycle. Prominent large-caps including Dogwifhat (WIF) and Popcat (POPCAT) are in high demand, as are low-caps like FWOF and MICHI.  A new Solana Layer-2 token, Solaxy (SOLX), is also seeing significant interest during its ICO and has raised nearly $10 million in early investments. Why Are Crypto Prices Crashing Today? The latest crypto market crash is a part of the broad-based decline in global financial markets, triggered by an increase in the US Federal Reserve’s hawkish stance following upbeat November jobs data.  The U.S. job openings in November increased by 259,000 to 8.098 million, beating the market expectations of 7.730 million. The upbeat JOLTS report indicates stronger-than-expected labour market conditions, often viewed as a precursor of inflation.  Following the strong November job openings report, the 30-day Federal Funds Futures is no longer anticipating an interest rate cut in 2025 Q1, a decidedly bearish scenario for risk-on assets like stocks and crypto.  Meanwhile, the US Dollar Index — which has an inverse relation with equities and crypto – reached its highest level since November 2022.  The recently revealed minutes from the Fed’s December meeting show concerns regarding inflation levels, exacerbated by tariff policies. The Fed’s hawkish stance doesn’t bode well for risk assets and could signal more downside volatility.  Moreover, concerns regarding a potential Bitcoin sell-off from President Joe Biden’s outgoing Department of Justice (DOJ) worsened the crypto market crash, with the Bitcoin price slipping below $93,000.  JUST IN: 🇺🇸 DOJ cleared to sell $6.5 billion worth of Bitcoin from seized Silk Road assets. — Watcher.Guru (@WatcherGuru) January 9, 2025 Whales Buy…

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Filed under: News - @ January 9, 2025 6:23 pm