Husky Inu Presale Races Towards $750,000 Milestone
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The Husky Inu Presale continued to push higher, setting its sights on the $750,000 milestone as it inches towards its target of $1.2 million. The project has garnered significant interest despite markets struggling to gain momentum as macroeconomic factors continue to bog down investor sentiment. The crypto market is back in the red after a brief rally on Wednesday, with the market cap down over 1% to $2.77 trillion. Markets Rally After FOMC Meeting The crypto market rallied after the Federal Reserve announced its second monetary policy decision of 2025 after the two-day Federal Open Market Committee (FOMC) meeting. The committee voted to keep benchmark interest rates unchanged between 4.25% and 4.50%, in line with market expectations. The decision comes amid heightened stagflation risks fueled by President Donald Trump’s tariff hikes. The Fed hinted it may lower the borrowing costs by half a percentage point by the end of 2025. The central bank also increased its projection for inflation and downgraded the economic growth forecast. The crypto market saw a positive trend after the FOMC meeting as Bitcoin (BTC) rallied over 5% to reach an intraday high of $87,038 before settling at $86,875. Ethereum (ETH) and Solana (SOL) also registered substantial increases. Ripple (XRP) rose almost 10%, fueled by the announcement that the Securities and Exchange Commission (SEC) was planning to drop its case against Ripple. Crypto stocks also registered notable increases following the meeting. Meme Coins Jump But Lose Momentum Prominent meme coins also rallied following the FOMC meeting but lost momentum as selling pressure returned in subsequent sessions. Let’s look at how the top meme coins performed this week. Dogecoin (DOGE) Price Action Dogecoin (DOGE) entered the weekend positively, rising over 4% and settling at $0.171. Buyers retained control on Saturday as the price rose 2.33% and settled…
Filed under: News - @ March 23, 2025 2:11 am