QCP Capital: US CPI data may determine the market direction, and the recovery of GME may trigger a meme currency boom
PANews reported on May 14 that QCP Capital, a Singapore-based crypto investment institution, issued a statement stating that Powell’s speech tonight is expected to be cautious as usual, resulting in a muted market reaction. On the other hand, tomorrow's CPI data could be the catalyst that ultimately determines the direction of the market. Although the overall market has gradually declined over the summer, GME has re-emerged after a long hibernation and surged by % yesterday driven by Roaring Kitty's tweets. This may be the beginning of a "Meme coin boom."
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