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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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CPI meets expectations, and the index breaks through the 20,000 mark. Crypto Assets rise across the board.
The US consumer price index (CPI) met expectations, stabilizing the market's anticipation of a Fed rate cut next week. The tech-heavy Nasdaq surpassed the 20,000 mark for the first time. Crypto assets saw a general rise, with Bitcoin once again surpassing the $100,000 mark, and Ethercoin returning to above 3,800.
CPI meets expectations, the Federal Reserve is expected to cut interest rates by one basis point next week
The U.S. consumer price index (CPI) in November met expectations, growing by 0.3% from October and 2.7% from the same period last year. Excluding the more volatile food and energy prices, core CPI rose 0.3% from the previous quarter and 3.3% from the same period last year.
Investors expect that the consumer price index (CPI) data for November will keep the Federal Reserve on track for a rate cut at next week's meeting. Economists believe that this data shows progress in inflation, despite some stickiness. According to CME Group's FedWatch tool, as many as 98.6% of traders predict a rate cut by the Federal Reserve at the meeting on 12/18. However, the path for rate cuts next year has become more gradual.
BTC returns to $100,000, Cryptocurrency rises across the board.
BTC returned to the uptrend, rising to $101,888 this morning, with a 24-hour increase of nearly 5%.
According to the data tracking platform Arkham for encryption, financial giants BlackRock and Fidelity's exchange-traded funds (ETFs) purchased Ethercoin worth $500 million in the past two days. ETH is back above $3,800.
Cross-border payment company Ripple CEO Brad Garlinghouse confirmed that the New York Department of Financial Services (NYDFS), the highest Cryptocurrency regulatory agency in New York, has officially approved Ripple's new stablecoin RLUSD. The associated token XRP continues to rise.
The top ten coins also have good gains.
Data Source: CoinGecko Please provide the text to be translated. This article CPI meets expectations, then the index breaks through the twenty-thousand mark, Cryptocurrency generally rises first appeared in Chain News ABMedia.