22832 Bitcoin's price is too low and the U.S. dollar and euro are on the rise: Crypto Market Review

Bitcoin’s price is too low and the U.S. dollar and euro are on the rise: Crypto Market Review

– Bitcoin’s value is lagging behind adoption, while meme currencies are showing better performance than “serious projects”.

– The value of the US dollar is still prevailing over the Euro, causing another 1.1% drop in the last few days.

– Despite positive CPI data, the market’s euphoria has disappeared as the Fed still has a long way to go before pushing inflation back to its target.

– Bitcoin is still growing exponentially compared with its state only a few years ago.

– The majority of alternative L1s on the market are still moving sideways or showing a mild bull trend.

– Meme currencies like Shiba Inu and Dogecoin were the most notable assets on the market, but the lack of fundamental support behind the rally of DOGE and SHIB caused a swift reversal.

 

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