Will Interest Rate Hikes Affect Crypto Prices?

The upcoming release of the US Consumer Price Index (CPI) data is generating considerable anticipation in the cryptocurrency market about its potential impact on the Federal Reserve’s interest rate adjustments. This quarter has seen a notable shift from the typically bearish sentiment experienced in September, with altcoins experiencing growth despite challenges posed by inflation concerns and trade uncertainties. Analysts attribute this positive momentum to expanding decentralized finance (DeFi) applications and increasing institutional investment. Market expert Michael Poppe highlights ADA and S Coin as potential performers due to their strong ecosystem development. He advises investors to closely monitor the S Coin ecosystem, citing its impressive trajectory and stable support level.