Market dynamics on December 27: BTC and altcoins significantly fell, erasing the gains of December. The market expects a 38 basis point rate cut next year
Bitget2024/12/27 02:30
I. Market Dynamics
1. BTC has plummeted, with altcoins generally falling and losing their gains from December.
2. U.S stocks are fluctuating. The current currency market predicts a 38 basis point rate cut next year, implying a 50% chance of the Federal Reserve making a second 25 basis point rate cut next year.
II. Market Focus
1. Platform coins BGB and FTT have surged significantly. BGB merged with wallet BWB, entering the top 20 in market value. FTX's compensation will be in January but historically, after platform coins surge, there is a high possibility of subsequent sharp declines in the broader market.
2. On-chain MEME coin MIRA has soared as it received endorsements from BIO and AI16Z . ETH chain hippo also surged as Thai Hippo was adopted by V God (Vitalik Buterin). MEME's WOULD has increased by 100 times over the past two months which Elon Musk mentioned earlier.
0
1
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!
You may also like
Analysis: BTC may break through the local peak of 110,000 US dollars in January next year
Bitget•2024/12/27 14:29
Analyst: The rise in USDT market share suggests BTC may face further downward pressure
Bitget•2024/12/27 12:43
Bitget to Burn Over $5 Billion Worth of BGB, 40% of Total Supply
Bitget•2024/12/27 11:49
Trending news
MoreCrypto prices
More
Bitcoin
BTC
$94,310.74
-1.28%
Ethereum
ETH
$3,348
+0.70%
Tether USDt
USDT
$0.9985
-0.07%
XRP
XRP
$2.17
+0.20%
BNB
BNB
$693.15
+0.35%
Solana
SOL
$186.47
-1.32%
Dogecoin
DOGE
$0.3143
+0.41%
USDC
USDC
$1
+0.00%
Cardano
ADA
$0.8901
+3.25%
TRON
TRX
$0.2608
+3.47%
Bitget pre-market
Buy or sell coins before they are listed, including ME, TOMA, OGC, USUAL, and more.
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new Bitgetters!
Sign up now