Crypto news today reveals that the US PCE inflation rate rose 2.9% year over year. This is above expectations and signaling renewed price pressures. Bitcoin fell below $67,000 following the news as traders scaled back hopes for near-term rate cuts.
In other news, DeepSnitch AI (DSNT) is breaking crypto headlines with its meteoric presale growth. Despite the market-wide downturn, the price of DeepSnitch AI has climbed by 169%. The amount raised has also crossed $1.67M, a sign that investors see its potential.
The goal of DeepSnitch AI is to democratize access to advanced trading tools. This would allow retailer traders to make data-driven decisions, spot promising opportunities, and also spot scams and rug pulls. This real-world utility could fuel huge demand and 100X price growth for investors who get DSNT at the current price of $0.04064.
US PCE data pressures Bitcoin as inflation climbs to 2.9%
Per crypto news today, Bitcoin dropped below $67,000 following new US inflation data that showed price pressures remain high. The Bureau of Economic Analysis reported that the Personal Consumption Expenditures (PCE) index increased 2.9% year-over-year in December.
This figure exceeded expectations of 2.8%. Also, core PCE increased 3.0%, its best since November 2023. The information dimmed the prospects of the Federal Reserve reducing the rates in the near future.
In the meantime, the fourth-quarter GDP growth was at 1.4%, which was below the expectations of 2.8%. Rising inflation and slower growth have put pressure on Bitcoin and the crypto market in general.
Crypto news today: DeepSnitch AI competes with two coins as price surges 169%
1. DeepSnitch AI (DSNT): The best AI-based solution for crypto trading and 100X growth
DeepSnitch AI is a platform that seems to democratize institutional-grade analysis, providing everyday traders with the same information as market makers. The aim is to level the playing field to prevent hoarding of information.
At its core, DeepSnitch AI comprises five AI agents that handle all forms of market evaluation, providing users with up-to-date information in real time. The agents are SnitchGPT, SnitchScan, SnitchFeed, AuditSnitch, and SnitchCast.
SnitchScan is a real-time tracking of whale wallets, showing the direction of institutional capital. SnitchCast tracks social sentiment on platforms, identifying changes in fear and greed that predict price movements.
What makes DeepSnitch AI also stand out is its easy-to-use interface. The platform is well organized and easy to navigate because all agents are in one place.
Per crypto news today, the DeepSnitch AI project is in the fifth phase and is priced at $0.04064. Investors seeking the best returns can take advantage of the ongoing limited-time bonus offer before it expires.
2. Sui price declines despite ETF launch
The Sui price remains under bearish control, mirroring the overall market’s downtrend. According to CoinGecko, the Sui crypto price has dipped by 1.2% on the weekly timeframe and 37.0% on the monthly chart.
The recent downtrend follows the launch of the first US-based SUI ETF by Canary Capital and Grayscale. However, the launch did not positively affect the Sui price.
As of February 20, the Sui crypto was trading at $0.94. Sniper Trading predicts that the Sui price might surge to $2.00 soon.
3. Kite price skyrockets
Kite is one of the top AI crypto coins that is trading in the green zone. CoinGecko data shows the Kite price has increased by 15.8% on the weekly chart, reaching a new peak of $0.288.
It is also bullish on the monthly timeframe, with a gain of 142.2%. As of February 20, the Kite token was trading at $0.25 with the potential to climb higher if the bulls maintain the uptrend. CoinCodex expects the Kite price to rally to $0.68 in the coming months.
The bottom line
Crypto news today shows the market is yet to regain its full momentum due to rising inflation and other macroeconomic uncertainties. Despite the poor sentiment, DeepSnitch AI has weathered the storm, delivering 169% ROI to holders of its native token.
Many traders believe DeepSnitch AI is not done yet and could deliver gains of 100X-300X or more. The DSNT coin is currently priced at $0.04064, and is a golden crypto to buy. Those who get in now could take advantage of the 30%-300% bonus offers to get more coins.
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FAQs
1. What is the latest crypto news today?
Crypto news today shows that US PCE inflation rose 2.9%. The news has pushed the Bitcoin price below $67K. Meanwhile, the price of DeepSnitch AI has risen by 169% to $0.04064. Its value is expected to skyrocket by 100X soon, which makes it a good crypto to buy.
2. How is the crypto market doing today?
The crypto market is currently struggling to pull a strong recovery, per market-wide updates today. The total crypto market cap is up 0.99% to $2.33T. Nevertheless, coins like DeepSnitch AI have shown resilience with potential to rise by 100X-300X this quarter.
3. Which crypto is doing well right now?
DeepSnitch AI is one of the new projects that has been breaking crypto headlines in the past few months. With a price increase of over 169%, more than $1.67M raised, and 37M DSNT staked, DeepSnitch AI has the potential to see massive growth this year.
