Best Crypto to Buy Now at ICO Before Exchange Listing – 31 March
Bitcoin's price has continue dto rebound today from recent setbacks, reaching an intra-day high of $28,650 as market participants anticipate a robust monthly finish.
This positive momentum was accompanied by favorable macroeconomic indicators from the US, particularly the February Personal Consumption Expenditures (PCE) index, as headline PCE rose 5.0% annually leading February and core PCE 4.6%, slightly better than expectations.
As April arrives with a wave of renewed enthusiasm in the cryptocurrency market, many are keen to discover the best cryptos to buy now.
In response to the PCE figures, the White House released an official statement, highlighting the nation's progress in combating inflation.
The statement further emphasized that annual inflation has declined by almost 30 percent since the summer, set against a backdrop of low job losses and consistent economic expansion.
As inflation remains persistent but does not seem to be causing alarm in the markets, there is growing speculation that the Federal Reserve may hold off on further interest rate hikes in May.
Data from the CME Group's FedWatch Tool supports this notion, indicating a potential pause in rate hikes.
In light of these expectations, risk assets experienced an uptick in trading.
Both the S&P 500 and the Nasdaq Composite Index recorded gains of approximately 0.87% and 1.16% as of writing.
The sentiment surrounding Bitcoin was similarly optimistic, dispelling concerns among certain market participants who had cautioned about a substantial pullback around the time of the monthly closing.
Bitcoin and Ethereum are trading at $28,412 and $1,828, respectively, with gains of 1.42% and 2.04% so far today.
Overall, the cryptocurrency market is showing signs of recovery,
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