News on December 16: According to 4E monitoring, the S&P 500 halted a three-week winning streak last week, falling 0.64% for the week; the Dow Jones dropped a cumulative 1.82% over the week, marking its seventh consecutive trading day of decline; the Nasdaq gained 0.34% for the week, surpassing 20,000 points for the first time in history.

Bitcoin regained $100,000 last week, setting the record for the longest seven-week winning streak since 2021. The altcoin market has seen a decrease in activity, with a general significant pullback. Over the week, Bitcoin ETFs saw net inflows of $2.115 billion, Ethereum ETFs had net inflows of approximately $712.7 million, and stablecoin supply increased by $2.1 billion, indicating sustained positive sentiment in the market.

The most closely watched economic event this week is the FOMC meeting of the Federal Reserve on Wednesday, with interest rate decisions and quarterly economic forecasts to be announced on Thursday. The market has already fully absorbed expectations of a 25 basis point rate cut in December, and it is anticipated that rate cuts will be more cautious and gradual next year, potentially pausing in January.

Additionally, this week is also the last 'Central Bank Super Week' of 2024, with up to 25 central banks including Japan, the UK, and Sweden meeting to discuss monetary policy in the same week. The announcement of some key central bank decisions could lead to market volatility, especially in the fast-moving foreign exchange and commodities markets.

Therefore, this week's news will have a significant impact on the cryptocurrency market; in fact, we are certain that Bitcoin's current situation still provides us with ample information, and if there is an opportunity for a pullback, we can consider increasing our positions.