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Cryptocurrencies rally, with bitcoin retaking $100,000 following November inflation data
The crypto market jumped Wednesday, following two days of digestion after bitcoin rallied to $100,000 for the first time ever last week. The price of the flagship cryptocurrency was last higher by 4.8% at $101,052.72, according to Coin Metrics. Ether also rose 4% but has not reclaimed its key resistance at $4,000. The CoinDesk 20 index, which measures broader cryptocurrency performance, climbed more than 7%. Crypto stocks Coinbase and MicroStrategy advanced 5% and 7%, respectively. All but MicroStrategy are still in the red for the week. Cryptocurrencies got an extra boost after the November consumer price index came ... (full story)
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From bnnbloomberg.ca|Dec 11, 2024|7 commentsFresh inflation figures are likely to make the Federal Reserve more cautious about the pace of interest-rate cuts — but not quite yet. Investors still widely expect the US central ...
From cointelegraph.com|Dec 11, 2024Bitcoin returned to $100,000 after the Dec. 11 Wall Street open as on-point US macroeconomic data fueled a rebound. Data from Cointelegraph Markets Pro and TradingView tracked BTC ...
From think.ing.com|Dec 11, 2024US core CPI in November has come in at 0.3% month-on-month, as expected, and headline has done likewise. The year-on-year headline rate ticks up to 2.7% from 2.6% while the annual ...
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From economics.bmo.com|Dec 11, 2024The Bank of Canada cut its key overnight rate 50 basis points to 3.25% today, as largely expected and its fifth consecutive trim for a cumulative 175 bps of rate relief. The Bank ...
From cointelegraph.com|Dec 11, 2024Bitcoin found support near $94,000 on Dec. 10, and the bulls made a solid recovery on Dec. 11. The price soared back above the psychologically crucial level of $100,000 after ...
From channelnewsasia.com|Dec 11, 2024U.S. bankers struck a cautious tone on cryptocurrencies at the Reuters NEXT conference in New York this week, despite expectations that friendlier rules under President-elect ...
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- Posted: Dec 11, 2024 3:20pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 89
