Shiba

Aave

Internet Computer

Bitcoin

Shiba Inu

<a href="https://insidebitcoins.com/news/bitcoin-price-prediction-as-polymarket-odds-boost-kamala-harris-after-presidential-debate-and-traders-flock-to-this-2-0-meme-coin-for-100x-gains" rel="noopener noreferrer nofollow">Bitcoin</a> surged almost 3% following the release of US inflation data, signaling optimism for a soft landing in the economy and bolstering bets on a Federal Reserve rate cut this month.
The latest US Consumer Price Index (CPI) data aligned with economists’ expectations, while core inflation slightly exceeded projections. That left analysts anticipating a 25 basis point rate cut in September rather than a more aggressive 50 basis points reduction.
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<h2 id="span-style-font-weight-400-bitcoin-rebounds-from-55k-to-reclaim-57k-support-span">Bitcoin Rebounds From $55K To Reclaim $57K Support</h2>
In response, Bitcoin surged more than 3.1% in the past 24 hours to trade at $58,283 as of 4.33 a.m. EST, while the broader crypto market saw its market capitalization climb 2.6% to $2.05 trillion.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 The first higher than expectation for Core CPI in 5 months. Last time it happened, <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> had a big dip from 70k+ to 60k. Not sure how will it impact the market this time. With this core CPI data, high chance FED will only cut 25bps on Sep 18.
 Currently FED is fighting the 2 wars:… <a href="https://t.co/0urAkaa8mL" rel="noopener noreferrer nofollow">pic.twitter.com/0urAkaa8mL</a>
 — Degen Ape Trader (@Degen__Ape__) <a href="https://twitter.com/Degen__Ape__/status/1833849258359001518?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 11, 2024</a>
</blockquote>
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Ethereum, the largest altcoin by market cap,&nbsp; posted a 24-hour gain of over 1% to trade $2,359.43.&nbsp;Layer-1 blockchain project Sui (<a href="https://coinmarketcap.com/currencies/sui/" rel="noopener noreferrer nofollow">SUI</a>) was the top performer in the market over the last trading session with a surge of more than 15%.
<h2 id="meme-coin-sector-continues-to-struggle">Meme Coin Sector Continues To Struggle</h2>
The meme coin market continued to struggle, with its market cap down almost 1% to $41.4 billion, according to CoinGecko. Popcat (POPCAT) bucked the trend, though, surging 18% to lead meme coin gainers, according to CoinMarketCap.
<h2 id="span-style-font-weight-400-aave-op-imx-wif-icp-and-ftm-lag-behind-the-rest-of-the-top-50-span">AAVE, OP, IMX, WIF, ICP And FTM Lag Behind The Rest Of The Top 50</h2>
The majority of the crypto market followed Bitcoin and Ethereum’s lead, with a large portion of the 50 biggest cryptos seeing their prices rise throughout the past 24 hours. 
Only Internet Computer (ICP), Aave (<a href="https://insidebitcoins.com/news/aave-aave-price-analysis-for-today-september-11-aave-technical-analysis" rel="noopener noreferrer nofollow">AAVE</a>), Immutable (IMX), Optimism (OP), Dogwifhat (WIF) and Fantom (FTM) recorded 24-hour losses.
Ranked as the 23rd largest crypto by market cap, ICP dropped more than 2%, while AAVE slipped 1%.
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Bitcoin Surges Almost 3% As US Inflation Data Signals Soft Landing, Boosting Rate Cut Bets

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