Top Crypto Gainers Today on DEXScreener – KING, SWAPUZ, MOJO
It’s been a tame start to the week for cryptocurrency markets, with most major coins locked within recent ranges, though admittedly close to multi-week highs, and with traders hunting top crypto gainers today instead turning to the more volatile and unpredictable on-chain altcoin markets.
Bitcoin (BTC) was last trading in the $68,000s, having dipped back from above $70,000 on Mt Gox wallet movement jitters.
Ethereum (ETH), meanwhile, was last in the $3,800s. Traders continue to wait for word on when recently approved Ethereum ETFs will actually launch.
Day 6 after Ethereum ETFs Approval pic.twitter.com/gLRPGJZv5X
— naiive (@naiivememe) May 28, 2024
Core PCE inflation data out later in the week could shake things up in the market.
The data is expected to show that MoM core price pressures declined to 0.2% in April from 0.3% in March.
That would be a relief to the market, and bolster confidence that Fed rate cuts are coming later this year.
Politics/the regulatory landscape is also a tailwind for the market right now.
US Presidential candidate Donald Trump was out with more pro-crypto commentary last week.
And the SEC’s recent u-turn to approve Ethereum ETFs indicates the anti-crypto crowd in the US is losing power.
Some of you a month ago told me “Biden is better for crypto than Trump”
Okay
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