Gate.io Suggested Topics Posting Event: #CPI Data Drops#
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The U.S. March unadjusted CPI year-over-year dropped to 2.4%, down from 2.8% last month and below the 2.6% market expectation. While this signals cooling inflation, the market reaction has been muted.
How will this impact the Fed rate cut expectations and the crypto market? Share your thoughts with #CPIDataComing for a chance to win a $50 reward!
Event Time: April 11, 6:00 AM - April 12, 6:00 AM UTC
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Analysis: Investors are still buying LUNA tokens years after the Terra crash.
Odaily News CoinMarketCap data shows that the Terra (LUNA) token has fallen over 98% from its all-time high set about three years ago. However, despite the big dump in price, investors are still buying LUNA tokens, with a trading volume exceeding $21 million in the past 24 hours. Analyst Optimus KevTron states that this phenomenon indicates that even though some believe the LUNA token is "dead," there are still people buying in. (Cointelegraph)