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The crypto market plunged 4% amid concerns that strong US economic data might slow the pace of the Federal Reserve’s interest rate cuts in the US. The Institute for Supply Management’s December PMI jumped to 54.1 from November’s 52.1, and November’s JOLTS report showed more job openings than had been expected. Investors are now adjusting their outlook for rate cuts, seeing less than a 50% chance for such moves before June. Cryptos fell across the board with AI memes and meme coins among the worst hit segments after plunging 13% and 4%, respectively, according to CoinMarketCap. Bitcoin tumbled 1.6% to trade at $93,578 at 7.31 a.m. EST. US stocks were also hit, with big names such as Nvidia and Tesla plunging 6.2% and 3%, respectively. US stocks tumbled after upbeat economic data raised concerns that an inflation rebound could slow down the Federal Reserve's pace of monetary policy easing https://t.co/UbdwV849f2 pic.twitter.com/iRbTfDLRWf — Reuters Bus...

The Wall Street Pepe ($WEPE) presale is defying the crypto market slump, raking in over $35 million since launch less than three weeks ago and showing no signs of slowing down. The new Pepe token’s daily funding rate has averaged $1.67 million a day since it launched on Dec. 3,  fueling speculation that Wall Street Pepe is poised to take over the meme coin world and dethrone Pepe ($PEPE) as the reigning symbol of the “life of degeneracy.” But Wall Street Pepe isn’t just another meme coin. It’s a collective force of retail traders with a shared mission: to disrupt the crypto ocean and take down the whales. These traders aren’t the “small fish” anymore – they’ve got the power to move the market in their favor. Holders of $WEPE gain access to an exclusive vault of insider trading strategies, alpha calls, and market insights. If Reddit’s WallStreetBets is the wild, no-holds-barred version of ...

Dogecoin recently experienced an impressive rally, reaching a high with its market cap surging from $41 billion to $63 billion. Although this is a promising upward movement, Dogecoin remains far from its peak market cap of $84 billion. Compared to previous years, today’s market dynamics are different. Influential factors like Elon Musk’s frequent mentions, government stimulus checks, and pandemic-related conditions are no longer present, making it challenging for $DOGE to reclaim its all-time high. However, it’s not impossible for the coin to reach new heights. The broader meme coin market has also been thriving, recently hitting an impressive $100 billion in market cap, marking a new all-time high and ushering in a phase of market price discovery and volatility. Within this volatile landscape, Bitcoin is displaying significant dominance, holding 60% of the market, while altcoins like Ethereum and Solana show potential to gain momentum as the market evolves. The cu...