The bursting of a speculative bubble in memecoins and a general risk-off sentiment in traditional finance is putting pressure on crypto markets. The major US stock market averages have been in retreat due to tariff threats from President Trump, causing a decline in the Nasdaq. Treasury Secretary Scott Bessent stated that they are aiming to bring interest rates down. The odds of rate cuts by the Federal Reserve have increased, which could potentially help boost crypto prices. However, the challenge lies in balancing inflation, which currently stands at 3% year-over-year. The Federal Reserve must navigate a delicate balance to support the economy without pushing inflation higher.



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