The Mexican Peso (MXN) has continued its upward trajectory, buoyed by softer-than-expected inflation data and growing expectations of a rate cut by the Bank of Mexico (Banxico).
Inflation Eases in Mexico
Mexico’s headline inflation rate slowed to 4.55% in November, down from 4.76% in October. This decline, which was lower than market forecasts, signals a cooling of inflationary pressures in the country. Core inflation also softened, easing to 3.58% from 3.8% in the previous month.
The softer inflation data has increased speculation that Banxico may cut interest rates in its upcoming policy meeting on December 14th. This expectation, coupled with the potential for a rate cut by the US Federal Reserve, has further supported the MXN.
US Dollar Stumbles as Rate Cut Hopes Grow
The US Dollar Index (DXY) has struggled to gain momentum despite a strong November jobs report. While the US economy added 227,000 jobs, the unemployment rate unexpectedly ticked up to 4.2%. This has led to increased speculation that the Fed may cut rates in December to mitigate the risk of a recession.
Technical Outlook for USD/MXN
The USD/MXN pair remains in a downtrend, with a key support level at 20.00. A break below this level could trigger a deeper correction towards 19.75. On the upside, resistance levels are located at 20.25, 20.60, and 20.80.
The Mexican Peso has benefited from easing inflationary pressures and growing expectations of a rate cut by Banxico. The US Dollar, on the other hand, has struggled to gain traction as investors anticipate a potential rate cut by the Fed. As we move into the final weeks of the year, market participants will be closely watching economic data releases from both Mexico and the US for further clues on monetary policy directions.
Coinstore, the leading cryptocurrency exchange, has reached 10 million registered users worldwide, marking a significant milestone in its growth journey. This achievement is more than just a number—it reflects Coinstore’s rapid momentum and expanding presence in the crypto industry. To commemorate this extraordinary achievement, Coinstore will host a grand celebration event featuring a $100,000+ prize pool and exclusive rewards for both new and regular users.
When Coinstore reached 10,000,000 users, it marked a pivotal moment in history. Coinstore had already demonstrated its commitment to user security, intuitive design, and responsive customer service. This foundation helped propel Coinstore from a promising newcomer to an established builder in the crypto industry.
“Reaching 10 million users is an extraordinary milestone for Coinstore, but this is just the beginning,” said Johnson, CEO at Coinstore. “While we’re proud of this achievement, we see it as merely the first chapter in our story. Moving forward, we will continue to put our users first in everything we do, from enhancing security and improving user experience to expanding our services and entering new markets. Our users’ trust is the foundation of our success, and we’re committed to building a platform that serves their needs not just today, but well into the future.”
To commemorate this historic 10 million user milestone, Coinstore is unveiling an extensive 10M Celebration campaign running from April 21st to May 8th, 2025. The celebration features an unprecedented lineup of incentives and events with a $1000,000 rewards pool.
Celebrate with Coinstore, $10,000 Giveaway: Celebrate this milestone with Coinstore’s partners while exploring exciting crypto projects and sharing in a $10,000 prize pool. Simple tasks, generous rewards!
10M Users, the Celebration Starts Now: Join our platform campaign to share $100,000 prize pool from 22nd April to 8th May.
Social Media $15,000 airdrop: Join the excitement across our social media channels! With a combined prize pool of $15,000, everyone has a chance to win big. Participate in giveaways, joint airdrops with KOLs, create content for Cointore’s milestones, and test your knowledge in weekly quizzes and polls. Don’t miss these opportunities to engage and win!
A series of exciting spaces in collaboration with our partners and renowned projects awaits! Join us as we dive into meaningful discussions, explore innovative crypto projects, and share insights that shape the future of the industry. To make it even more exciting, there’s a generous prize pool of $6,000 for grabs. Don’t miss this opportunity to connect, learn, and win big!
The two weeks long celebration window ensures maximum participation opportunity for Coinstore’s global community, allowing users across all time zones and schedules to take full advantage of these unprecedented offerings.
This campaign invited ecosystem partners from the Coinstore, including My First Million, RECON, ANTY, Zarraz Dollar, Anryton, Xphere, Airdao, Oxygen Hunters, $GOHOME, RedBelly Network, PussFi, NexBridge, and First Digital to participate together.
Media coverage for the event is supported by partners including BeInCrypto, Coinpedia, M post , Coinedition, Voice Of Crypto, Cryptonite, Coinscapture, TheNewsCrypto, CoinGabbar, Blog Tiền Ảo, DroomDroom, BitPinas, Cryptic Web3, Connect Web 3, The Blockopedia, BitDigest, Geekmetaverse.com, Lydian Labs, Allconfs, TokTimes, 36 Crypto, KTRO Media, AZCoiner, Tiendientu, and Lcadamey.
Coinstore expresses its deepest gratitude to all users for their unwavering support and trust. Reaching 10 million users represents not just a company milestone but a testament to the growing global crypto community. Coinstore pledges to stay at the forefront, developing solutions that empower users to thrive in this dynamic environment.
About Coinstore
Accessibility. Security. Equity.
As a leading global platform for cryptocurrency and blockchain technology, Coinstore seeks to build an ecosystem that grants everyone access to digital assets and blockchain technology. With over 10 million users worldwide, more than 1,100 listed tokens including 100+ premium digital assets. Coinstore is dedicated to providing secure, professional, and accessible digital asset trading service.
As a pioneer in Launchpad, Coinstore’s Launchpad have shown remarkable performance, with an average ROI of prime exceeding 1,200%. Coinstore, the first choice for the initial launch.
The rollout will simplify international money transfers and trade flows, especially between Kyrgyzstan, neighboring Central Asian countries, and members of the Eurasian Economic Union (EAEU).
“This Memorandum of Understanding represents a shared vision for leveraging blockchain technology to create sustainable economic opportunities, improve financial inclusion, and advance the freedom of money in Kyrgyzstan,” Kyrylo Khomiakov, Regional Head of CEE, Central Asia, and Africa at Binance, said.
Beyond crypto payments, the initiative prioritizes public education. Binance Academy will collaborate with the Investment Agency to develop financial literacy programs tailored to both institutions and everyday citizens.
These efforts aim to equip Kyrgyzstan residents with the knowledge needed to navigate digital assets and Web3 technologies.
The educational programs will cover a range of topics, from basic crypto awareness to more advanced digital finance concepts.
According to the exchange, this move is part of a larger plan to empower local entrepreneurs and foster innovation within the country’s tech sector.
Farhat Iminov, head of the National Investment Agency, described the partnership as a forward-thinking step toward building a robust digital finance ecosystem.
He emphasized the importance of establishing a solid framework for crypto adoption and improving access to financial knowledge.
This move marks another milestone in Binance’s growing role as a crypto policy partner for governments.
TRUMP’s price has been stuck in a downtrend for the past month despite the media attention surrounding US President Donald Trump’s recent statements. The altcoin has faced difficulty breaking through the critical resistance level of $17.14.
However, investor sentiment remains strong, and with the upcoming White House Crypto Summit, there may be a chance for recovery.
TRUMP Notes Strong Inflows
The Chaikin Money Flow (CMF) indicator shows positive signs for TRUMP, with the indicator currently above the zero line. This suggests stronger inflows than outflows, indicating that investors are optimistic about the altcoin’s future.
Furthermore, with the White House Crypto Summit scheduled for March 7, investors are looking to capitalize on potential price movements ahead of the event. Many are likely to accumulate at low levels, anticipating the summit’s influence on both the market and TRUMP’s price.
The positive CMF reading supports the idea that investors are positioning themselves for a potential breakout. As the summit approaches, TRUMP’s price could see upward momentum. Historically, significant events like these tend to influence altcoins, especially when there’s optimism about new regulations or policy changes in the crypto space.
TRUMP shares a strong correlation of 0.86 with Bitcoin (BTC), which suggests that the altcoin is likely to follow BTC’s lead. Given that BTC’s price is also influenced by broader market trends, TRUMP’s price could rise alongside Bitcoin if the hype around the White House Crypto Summit continues to build.
Bitcoin’s potential rise in anticipation of the summit could lift TRUMP’s price as well. The correlation indicates that as BTC moves up, so too could TRUMP. Should the broader market experience positive momentum, both Bitcoin and TRUMP are poised for potential rallies, with TRUMP looking to benefit from increased attention during the summit.
TRUMP Correlation With Bitcoin. Source: TradingView
TRUMP Price Aims At Key Barrier
Currently trading at $13.38, TRUMP is holding above the critical support level of $12.41. The altcoin remains stuck under the month-long downtrend, unable to break above the key resistance at $17.14. However, the bullish sentiment driven by the upcoming White House Crypto Summit could spark a rally for TRUMP.
The altcoin’s target would be to secure $17.14 as support. If successful, TRUMP price could note a 27% rally and push to $21.45, marking a significant recovery from its current levels. The optimism surrounding the summit could provide the necessary catalyst for this price movement.
On the other hand, if the altcoin fails to break through the downtrend and the market sentiment weakens, TRUMP could drop below its support of $12.41. This would lead to a decline to $11.07, its current all-time low (ATL), or possibly lower, invalidating any bullish outlook.
