US market inflation!!

The US crypto market has been experiencing a surge, with Bitcoin crossing the $90,000 level for the first time, fueled by Donald Trump's pledge to reduce cryptocurrency regulations ¹. This increase is also linked to the rising inflation rate in the US, which reached 2.6% in October 2024 ².

Inflation, in simple terms, is the process by which a currency loses value over time, causing prices of goods to rise ³. This can impact the crypto market, as investors may seek alternative assets like Bitcoin, which is often touted as a hedge against inflation ⁴.

Key Market Trends:

•⁠ ⁠Bitcoin Price Surge: Bitcoin gained 3.63% to $91,519.00, while Ethereum rose 0.46% to $3,295.60 ¹.
•⁠ ⁠US Dollar Rise: The US dollar rose to its highest level since April 16, fueled by increasing inflation data ¹.
•⁠ ⁠Inflation Rate Increase: The US inflation rate increased to 2.60% in October from 2.40% in September of 2024 ².

These trends indicate a shifting market landscape, with investors eyeing crypto as a potential hedge against inflation. However, it's essential to keep in mind that the crypto market is highly volatile and subject to change ¹.!!!

Will Shiba be next Bitcoin!!!!

Shiba Inu's price is expected to surge by 300% due to a hidden bullish divergence, potentially reaching $0.000081 ¹. This prediction is based on the cryptocurrency's current market trends and technical analysis. The Relative Strength Index (RSI) indicates that the price is trending overbought, but still has room to grow ².

Current Market Status:
•⁠ ⁠Price: $0.000027
•⁠ ⁠24-hour trading volume: $2.53 billion
•⁠ ⁠Market cap: $20.58 billion ¹

Price Predictions:
•⁠ ⁠Short-term (tomorrow): $0.000027, a 5% increase ²
•⁠ ⁠Long-term (2030): $0.000036, a 33% increase ²

Key Factors Influencing Price:
•⁠ ⁠Increased active addresses and network growth, indicating rising adoption ¹
•⁠ ⁠Broader crypto market recovery, fueled by Bitcoin's surge ¹
•⁠ ⁠Technical analysis showing bullish trends ²