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
⚠️ Notes: Plagiarism is prohibi
The crypto market zone generally experienced a pullback, with only the SocialFi and Meme zones remaining relatively strong.
According to ChainCatcher news and SoSoValue data, after several days of rise in the crypto market zone, a general pullback is welcomed today, with only the SocialFi and Meme zones remaining relatively strong. Among them, SocialFi rose 1.97% in 24 hours, Toncoin (TON) rose 2.66%, and UXLINK rose 3.82%. The Meme zone has seen a continuous pump for four days, with Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) rising 1.39%, 2.74%, and 6.55%, respectively. The cryptocurrency sector index reflecting the historical market trends of the zone shows that the ssiSocialFi and ssiMeme indices have risen by 2.22% and 1.09%, respectively. Notably, the weekly return rate of the ssiMeme index has reached 14.37%. In other zones, the DeFi zone fell by 0.50% in the last 24 hours, with Sky (SKY) performing strongly, rising 10.32% in a single day; the RWA zone decreased by 1.20%, with Plume (PLUME), which had previously risen significantly, pulling back by 7%, but Maker (MKR) rose against the trend by 10.71%; the CeFi zone dropped by 1.39%, among which Hyperliquid (HYPE) was affected by a mechanism attack, with a 24-hour decline of 7.38%; the Layer1 zone decreased by 1.54%, with Sui (SUI) peaking at 8.05% during the session; the Layer2 zone fell by 1.64%, and the PayFi zone dropped by 3.50%.