Bitcoin ($BTC) ETFs have attracted billions in inflows since their launch and will unlock trillions in the coming decades. However, one often underappreciated drawback is that enabling $BTC exposure in traditional brokerage accounts has increased correlation with stocks. Recent inflation news sends $BTC tumbling by nearly 10%.
What crypto to buy today as macro uncertainty rears its ugly head once again? Memecoins have proven bulletproof, and Galaxy Fox ($GFOX) pumps to $5 million. While boomers are selling Bitcoin, smart money is loading up aggressively on presales.
Bitcoin ($BTC) Inflation Report Sends Price Tumbling
Due to a hot inflation report, Bitcoin has tumbled nearly 10% from its local high of $73,000. February’s CPI print came in hotter than expected, with inflation well beyond the FED’s yearly 2% target. With rate cuts back on the cards, a sell-off in tech stocks spilled over into $BTC markets, and Bitcoin fell rapidly.
Can the FED really increase rates again? Does Powell have the political will to bankrupt more regional banks? Rate hikes also mean more pressure on the United States’ already wild debt bill. Powell is undoubtedly between a rock and a hard place, but this uncertainty caused investors to chop what they perceive as riskier assets from their portfolio, explaining $BTC’s recent nosedive. The larger trend has not been broken, and despite ongoing volatility, Bitcoin is still an excellent crypto for beginners looking for long-term exposure.
Galaxy Fox ($GFOX) Pumps Past $5 Million
Galaxy Fox has pumped past $5 million in its presale and now targets a raise of $6 million. In the final leg of its presale and soon going to market, $GFOX is a natural answer to what crypto to buy today. This window of opportunity is closing and closing fast.
Why has Galaxy Fox enjoyed massive success in its presale? Its unique hybrid architecture makes this protocol a third-gen memecoin. With native onboarding ramps and plenty of earning opportunities, it is easy to see why smart money is diving head-first into this ICO.
At the core of this ecosystem is a Web3 runner game that pays out prizes each season. NFT functionality is built into this endless runner, with owners of Galaxy Fox NFTs unlocking special in-game bonuses. The prize pool grows each season, and the top 20% walk away with real cash.
Staking rewards are another earning opportunity, and the entire protocol has been constructed with growth in mind. The Treasury receives funding from real-world merchandise sales and leverages these to support community initiatives and fund market efforts.
This dual interest funnel from marketing and the endless runner game will ensure a constant inflow of new buyers, and $GFOX is currently massively undervalued. It is easily one of the top cryptos to buy right now, and scooping up a memecoin during a presale is easy money.
As Bitcoin tumbles and fears about further rate hikes cast shadows over markets, more investors ask what crypto to buy today to dodge this whirlwind of volatility. The one vertical that has remained immune is memecoins, and buy pressure is simply not stopping.
Galaxy Fox has blitzed past $5 million, shows incredible early momentum, and will go to market soon. Trading setups do not get much easier than this, and its current price is a steal. Join the presale today!
Learn more about $GFOX here:
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