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According to LookOnChain, Pepe (PEPE) whales seem to be accumulating over the last few days. One whale in particular withdrew 420 billion coins worth $5.39 million on May 18. The whale has so far withdrawn 2.21 trillion coins worth $29.28 million. Also Read: MetaPlanet Buys $104M in BTC After Bitcoin Closes at $106.5K Weekly High Massive $PEPE accumulation! This whale withdrew another 420B $PEPE($5.39M) from #Binance 5 hours ago, bringing the total to 2.21T $PEPE($29.28M) withdrawn over the past 2 days.https://t.co/XdqrB6Ju97 pic.twitter.com/iAQoQyBMgX — Lookonchain (@lookonchain) May 18, 2025 Cryptocurrencies Slide After Substantial Resistance Source: Watcher Guru Despite the whale’s withdrawal, PEPE seems to have faced a steep correction over the last few days. The asset’s price has fallen 1.2% in the daily charts and 11.8% over the previous week. The frog-themed crypto has maintained big gains over other time frames. The memecoin is up 54.6% in the 14-day charts, 77...

The crypto market has reacted little to the U.S. Federal Reserve’s decision to leave interest rates unchanged , even as it hinted at a final hike before year’s end. On Sept. 20, the U.S. Federal Reserve (Fed) Chair Jerome Powell held a Federal Open Market Committee (FOMC) press conference, announcing that current interest rates, ranging between 5.25% and 5.5%, would remain unchanged. “In light of how far we have come in tightening policy, the committee decided at today’s meeting to maintain the target range for the federal funds rate at 5 ¼ to 5 ½ percent and to continue the process of significantly reducing our securities holdings.” Jerome Powell, Federal Reserve Chair However, the Fed hinted at one final hike ranging between 5.5% and 5.75% before the end of 2023 to close the current cycle that would have seen 12 interest rate hikes since March 2022. Powell reiterated the Fed’s goal to bring inflation back down to 2%, adding that its decision would be guided by “ongoing asse...

Join Our Telegram channel to stay up to date on breaking news coverage Even after the Federal Reserve’s interest rate announcement, the European session Bitcoin price forecast is optimistic. On Wednesday, the Federal Reserve announced yet another rate rise; this time by a full 0.75 percentage points more than the previous two, in an effort to reduce inflation. While a hike in interest rates will help curb inflation by preventing people from acquiring additional debt, it will also force many Americans, who are having a hard time keeping up with the growing cost of living, to pay more each month just to stay up with their debt service payments.   No Signs of a Reduction in Inflation   In order to combat inflation, the Federal Reserve has raised interest rates by 0.75 percentage points. When Fed Chair Jerome Powell said it was too soon to talk about putting a temporary stop to the hikes, the market responded badly. Although it has decreased from its 9.1% high in...

Amidst interest rate hikes and uncertainty abounding regarding the next move of the Federal Reserve, the White House has cited strong data to insist that the U.S. is not in recession. Yesterday was the highly-anticipated FOMC meeting that yielded much of the same result. For the fourth straight time, the Fed have raised interest rates another 75bps. But it appears as though the executive mansion is not worried about a consequential recession . JUST IN: 🇺🇸 White House says the US is not in a recession. — Watcher.Guru (@WatcherGuru) November 3, 2022 White House not forecasting a recession White House Chief of Staff Ron Klain spoke on Thursday, citing economic data to insist that the U.S. is not in recession. Klain stated “We are not in a recession. Un employment claims remain at a historical low… The economy is growing. It is strong. It is creating jobs.” Klain’s statements, although a relief for some, seem to debate ...