The prospect of financial support from the US government for depositors, of new liquidity injections and of easier policy ahead from the US Federal Reserve in response to recent US bank implosions has sent crypto prices lurching higher in tandem with sharp declines in US yields and the US dollar.
Bitcoin (BTC) was last trading around $24,000 and Ether (ETH) in the upper $1,600s, with traders now betting on far fewer interest rate hikes for the remainder of 2023. Helping the upside is the fact that USDC has managed to regain its 1:1 peg to the US dollar (thanks to the US government’s pledge to make all depositors whole, including USDC’s issuer Circle), and Binance’s recent investment of $1 billion BUSD into Bitcoin and Ether.
That marks gains of around 16% and 13% for the world’s largest two cryptocurrencies in the last 24 hours, according to CoinMarketCap. The total market capitalization of the cryptocurrency market was last up around 12% to $1.07 trillion, according to the crypto data website.
Love Hate Inu (LHINU) is a viral new dog-inspired meme coin that will power the soon-to-be-released vote-to-earn (V2E) social polling platform that goes by the same name. To fund the development of its new platform, Love Hate Inu is conducting a presale of its LHINU tokens and the presale already ranks as one of 2023’s hottest.
The social media meme coin start-up has already managed to raise a whopping $400,000 in less than a week since the presale’s launch. This reflects how the project has been going viral on social media – since @LoveHateInu’s first tweet less than a week ago, the page has garnered a huge 31.5K followers.
Investors are hyped by the project’s potential given that it is currently one of the only existing vote-to-earn
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