🆕24h Crypto Market Overview:

⏰Thursday, December 12, 2024

♨️Overview:

The market recovered as Bitcoin regained the important psychological threshold of 100K, reaching 101K3 this morning, helping many Altcoins recover after the dump of the previous 2 days. CPI and Core CPI announced as expected also helped the market be more optimistic. According to CME Group, the rate of the FED cutting interest rates by 0.25% next week is up to 99%. Bitcoin ETF funds also had busy days with very strong buying. Notably, the shift from selling to buying from ETH ETF funds also helped the market be optimistic about the prospect of Altcoin Season.

♨️ETF Updating (11/12/24):

💰Bitcoin ETF Spot: 🟢$35.8M 

🔹Etherium ETF Spot: 🟢$14M

🎯Weekly Highlights:

▪️CPI: This Period 2.7% I Expected 2.7% I Last Period 2.6%

▪️Core CPI: This Period 3.3% I Expected 3.3% I Last Period 3.2%

▪️Thursday: EU Interest Rate Announcement; US releases PPI

▪️Friday: UK releases GDP

❇️Top Gainers/Decliners:

🟢$VIRTUALS 22%    🔴$ME   1%

🟢$PNUT   22%     🔴$DEXE 0.28%

🟢$AERO  17%     🔴$CLV  0.49%

🆕Hot News:

- Ripple receives full license to launch stablecoin RLUSD 👉Brad Garlinghouse

- KernelDAO, BNB Chain restaking platform officially launches mainnet👉Kernel

- Pancakeswap will stop simple staking service from 03/10/2025👉PCS

- Notcoin launches Earn program offering token rewards to Telegram Wallet users👉TheBlock

- Binance joins Partnering with Circle to Accelerate Stablecoin Adoption Globally👉CoinDesk$BNB

#altsesaon #BNB