Best Crypto to Buy Now July 26 – Bittensor, Brett, JasmyCoin
As bulls retake control of the crypto market on Friday, investors are assessing which might be the best crypto to buy now to make quick gains.
US Core PCE inflation data, the Fed’s preferred measure of inflation, for June was largely in line with expectations.
Not so BREAKING! US Core #PCE #inflation came in at 2.6%, slightly above expectations, which is not such a big surprise as PCE data from yesterday's #GDP report revealed a similar picture.
Overall level comfortable enough for the #FederalReserve to start cutting rates! pic.twitter.com/t60afeY5Xc
— jeroen blokland (@jsblokland) July 26, 2024
That has confirmed expectations for the Fed to start cutting interest rates in September.
That is helping to lift sentiment across crypto, with Bitcoin (BTC) last up over 2.5% near $67,500.
Other positive headlines are also helping fuel optimism. US Presidential Candidate Robert F. Kennedy Jr. spoke at a major Bitcoin conference on Friday.
He proposed that the US should buy substantial amounts of Bitcoin to match its gold holdings.
He also noted that most of his net-worth remains in Bitcoin, and he remains fully committed.
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