Is The Crypto Crash Over As Bitcoin Price Reclaims $96k? Best Altcoins To Buy Now

Meanwhile, the 10-year US Treasury Yields also soared to 4.80% to start the week, reaching their highest point since October 2023. 

The strength of the US Dollar and long-term Treasury notes reflects the hawkish shift in market expectations surrounding the Federal Reserve’s monetary policy, with the CME FedWatch pricing in just a single 25 bps rate cut in 2025. 

Simply put, the broader macroeconomic outlook has once again emerged as a major roadblock for the crypto bull market. Growing inflation concerns could force the US central bank to pause its easing, a decidedly bearish scenario for Bitcoin and other risk assets. 

All eyes are now on Wednesday’s Consumer Price Index, which could result in a larger crypto crash or the return of the bull market. 

Is The Crypto Crash Over?

Bitcoin’s low-volume wick to $89,000 suggested seller exhaustion, which sparked a strong recovery on Tuesday. The BTC price is trading at $96,300 at press time, marginally down from the 24-hour peak of $97,200. 

Reports of more gradual Trump tariffs, which bodes well for the Fed’s 2% inflation target, have resulted in a broad-based recovery in equities and crypto. The US Dollar and long-term yields also saw marginal pull-backs. 

However, sidelined investors and swing traders would do well without opening long positions before Wednesday’s CPI data. 

As such, there is no indication yet that the US Dollar Index has reached a local top. DXY could continue to rally towards the 113 mark, which would mean additional pain for risk assets. Even Bitcoin bulls like Fundstrat’s Tom Lee aren’t dismissing the possibility of BTC hitting $70,000. 

However, the short-term concerns don’t overshadow the long-term bullishness. Fundstrat’s Lee believes all Bitcoin dips are excellent entry points, considering the largest cryptocurrency will be one of the top-performing assets in 2025. 

The inauguration of the most pro-crypto President in US history is also unlikely to be a sell-the-news event and could mark the local bottom for BTC. 

Best Altcoins To Buy Before Trump Takes Office

Soft CPI data could spark heavy bidding among whales and sidelined investors. Donald Trump’s pro-crypto inaugural speech could also mark the bottom for BTC, with experts anticipating a subsequent move to $118k could pave the way for “altseason”.

XRP also appears to be one of the best crypto to buy before Trump takes office. It continues to have one of the most bullish price charts of any large-cap and is among the few altcoins that are outperforming BTC. 

Low-cap cryptos and new meme coins are also in high demand, considering they show little correlation with the broader crypto market. While BTC and large caps showed extreme volatility, early meme coin buyers continued seeing nearly 1000x returns. 

Smart money investors are now stacking new meme coins like Wall Street Pepe (WEPE), which has raised nearly $48 million in its ICO. 

Besides the popular Pepe The Frog theme, WEPE’s in-demand utilities have made it an attractive investment. For instance, it will soon launch an exclusive group for all its holders and will share cutting-edge market alpha, trading strategies and investment tips from seasoned experts. 

Its native staking protocol, which is currently offering a reward rate of over 25% per annum, is also in high demand, especially considering the broader market uncertainty. 

With the rumours of Tier-1 CEX listings, prominent investors are eyeing nearly 10x returns from WEPE. 

Visit Wall Street Pepe Presale