{"id":626277,"date":"2025-02-13T11:22:49","date_gmt":"2025-02-13T11:22:49","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=626277"},"modified":"2025-02-13T11:22:49","modified_gmt":"2025-02-13T11:22:49","slug":"best-crypto-to-buy-now-5-top-picks-as-us-cpi-inflation-rate-overshoots","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/best-crypto-to-buy-now-5-top-picks-as-us-cpi-inflation-rate-overshoots","title":{"rendered":"Best Crypto To Buy Now: 5 Top Picks As US CPI Inflation Rate Overshoots"},"content":{"rendered":"

The US CPI inflation rate came in hotter than expected in January, reinforcing concerns that price pressures remain stubborn in the economy and that interest rates may stay higher for longer.<\/p>\n

That sent stocks and cryptos lower as the chances of a rate cut diminished. The US CPI inflation rate rose 3% in January compared to a year earlier, and was up 0.5%, up from December’s 0.4% increase, according to data from the <\/span>Bureau of Labor Statistics<\/span><\/a>. <\/span><\/p>\n

The higher-than-expected CPI inflation rate will likely keep many investors away from risk-on assets such as cryptocurrencies, adding to the market’s woes. In the last week, the crypto market has traded relatively flat, with Bitcoin (BTC) unable to reclaim the $100K support and the majority of digital assets still in the red over the last week.<\/span><\/p>\n

\"Trump\"<\/p>\n

Pro-Crypto Trump Administration Keeps Investor Hopes Alive Despite CPI Inflation Rate Overshoot<\/span><\/h2>\n

Despite the stagnation in the crypto market, many digital asset investors remain optimistic under pro-crypto US President Donald Trump’s administration. <\/span><\/p>\n

Bullish developments include multiple states pushing to set up a strategic <\/span>Bitcoin reserve<\/span><\/a>, moves that could lead to billions of dollars flowing into the crypto space, and Trump and First Lady Melania launching official meme coins TRUMP and MELANIA. <\/span><\/p>\n

The Trump family’s World Liberty Financial (WLFI) crypto project remains active amid the recent market-wide correction, buying the dip with <\/span>Ethereum<\/span><\/a> (ETH), Bitcoin and other cryptos trading at beaten down prices. <\/span><\/p>\n

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#DonaldTrump<\/a>'s World Liberty Financial #WLFI<\/a> has added more $ETH<\/a> and $MOVE<\/a> in the last 24 hours.<\/p>\n

What else should they add to their portfolio?<\/p>\n

I read you 👇 pic.twitter.com\/wUJYqh4Axa<\/a><\/p>\n

— Crypto Rand (@crypto_rand) February 12, 2025<\/a><\/p><\/blockquote>\n