On December 12, 2024, the U.S. Bureau of Labor Statistics reported that the Producer Price Index (PPI) for November increased by 0.4% month-over-month, surpassing economists’ expectations of a 0.2% rise.
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Providing analysis and up-to-the-minute reports on cryptocurrency market trends and price movements.
Ethereum (ETH) has recently reached an annual high of $4,000, according to Kaiko Research, signaling renewed investor confidence in the cryptocurrency.
In a subdued trading session on the eve of the U.S. Consumer Price Index (CPI) report, all three major U.S. stock indices closed lower.
On December 5, Bitcoin (BTC) experienced a significant surge, surpassing the $100,000 threshold for the first time and reaching an all-time high of $103,608.
Ethereum, the world’s leading smart contract platform, recorded a remarkable on-chain transaction volume of $183.74 billion in November, marking its highest monthly total this year.
In recent months, a noticeable shift has occurred in the cryptocurrency markets, with traders increasingly moving away from traditional fiat currencies toward stablecoins.
As December unfolds, optimism surrounding Bitcoin continues to grow, bolstered by a confluence of economic factors and market dynamics.
As Bitcoin inches closer to the highly anticipated $100,000 mark, analysts are cautioning that macroeconomic headwinds, particularly a strengthening U.S. dollar, could hinder its upward trajectory.
Markets entered a subdued phase during the Thanksgiving holiday, with trading volumes remaining light and price movements largely confined to narrow ranges.
In a recent research report, Galaxy Research projected a sustained bull market for Bitcoin (BTC), with the cryptocurrency expected to cross the $100,000 mark in the near term.
Bitcoin, the world’s largest cryptocurrency, has approached the unprecedented $100,000 mark, fueled by robust institutional demand and significant inflows into Bitcoin Exchange-Traded Funds (ETFs).
The cryptocurrency landscape has witnessed renewed optimism as Bitcoin edges closer to $100,000 per coin.
In its latest weekly report, Matrixport aligns its analysis with a consistent narrative: Bitcoin’s fifth bull market is progressing almost precisely as predicted in July 2023.
Bitcoin’s market dominance has climbed to 57%, its highest level this year, underscoring the cryptocurrency’s increasing share of the total market capitalization within the digital asset space, according to data from The Block.
After a week of remarkable gains, the cryptocurrency market has entered a phase of adjustment, reflecting a tempered sentiment among investors.
The cryptocurrency market has shown a remarkable rally since the recent U.S. election, with Bitcoin surging on the back of heightened investor optimism.
In a rapid shift within the investment landscape, U.S.-traded spot Bitcoin ETFs are on the verge of eclipsing their gold counterparts.
In a newly released report, JPMorgan Chase & Co. has taken a notably bullish stance on Bitcoin’s potential by 2025.
Following Donald Trump’s declaration of victory in the U.S. presidential election, financial markets have responded with a surge, fueling what analysts are calling the “Trump Trade.”
The market cap ratio of Ethereum (ETH) to Bitcoin (BTC) has dropped to a significant low of 24.52%, marking the lowest point since April 2021, according to data from The Block.