Make America's Tokens Great Again

According to Odaily, analyst Anstey has highlighted the potential impact of next week's Consumer Price Index (CPI) inflation report on the Federal Reserve's interest rate projections for 2025. The report is expected to be significant due to the complex signals observed in today's data. The recent wage increase, which surpassed expectations, is a key factor contributing to the anticipation surrounding the upcoming report. This development has drawn particular attention to the inflation in the services sector, excluding housing. Analysts and economists are closely monitoring these indicators as they could influence the Federal Reserve's future monetary policy decisions. The CPI report is a crucial economic indicator that provides insights into inflation trends, and its findings are likely to play a pivotal role in shaping the Federal Reserve's strategy. As the financial community awaits the release of this report, the focus remains on how these economic signals will affect long-term interest rate forecasts.

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Analyst Anstey said that given some mixed signals in today's report, next week's CPI inflation report may have a considerable impact on the Fed's 2025 interest rate forecast. Given the unexpected wage increase released today, service sector inflation (excluding housing) will be particularly noteworthy. (Jinshi)

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The U.S. nonfarm payrolls increased by 227,000 in November, the largest increase since March 2024, exceeding expectations of 200,000, and the previous value was revised up from 12,000 to 36,000. The U.S. unemployment rate was 4.2% in November, in line with expectations, and the previous value was 4.10%. Analysts said that at first glance at the report, we did not see signs of a recession. The job market has not hit the bottom, but there are indeed signs of slowing down. Considering the Fed's benchmark interest rate, the upper limit of the target range is 4.75%, which is more than one percentage point higher than the core inflation rate, and the case for further rate cuts remains tenable. The nonfarm payrolls report is one of the last batches of big data to be considered by the Fed before deciding whether to cut interest rates for the third time in a row at its December meeting. Fed Chairman Powell said this week that the Fed can be "a little more cautious" about cutting interest rates because the U.S. economy is "in very good shape" and inflation is slightly higher than previously expected. (Jinshi)

The post Crypto Market Today (Dec 6th, 2024): Fear & Greed Index Hits Extreme Greed While Cryptos Fall? appeared first on Coinpedia Fintech News The cryptocurrency market has witnessed a dip today, with the market cap falling by 2.23% to $3.6 trillion. Trading volume has also taken a hit, declining 5.86% to $320.02 billion. Despite these setbacks, the Fear & Greed Index remains in the... source: https://coinpedia.org/news/crypto-market-today-dec-6th-2024-fear-greed-index-hits-extreme-greed-while-cryptos-fall/

Analyst Joseph said that the market basically expects the Fed to cut interest rates in December, but then the Fed will skip rate cuts in January, March and May, and finally cut interest rates again in June or July. Considering the upcoming economic data, we think this view is not unrealistic at present. This is a major shift compared to the rate cuts predicted three months ago at each meeting in 2025. (Jinshi)

null source: https://x.com/BTC_Archive/status/1865031811044192409

Retail demand for Bitcoin has reached its highest level since 2020 boosting market confidence despite profit-taking. source: https://cryptopotato.com/bitcoin-leaves-exchanges-as-retail-demand-surge-despite-profit-taking/

According to Arkham data, the Cumberland DRW address transferred 30,292 ETH to the Coinbase Prime Deposit address 10 minutes ago, equivalent to approximately $116 million.

What is the logic driving this wave of DEX bonus market? What is the entry point of SynFutures in providing contract trading opportunities for early MEME coins?

The DeFi market has seen a remarkable recovery over the past four months, with market capitalization increasing from $70.5 billion to $132.4 billion and tokens gaining an average of 87%.

For newcomers to the Web3 industry, airdrops are a good way to learn.

ACT and BNB hit new highs and set off a market boom: Data reveals the effect of Binance listing. Golden Finance analyzes Binance’s new coin yield performance in November and its listing strategy.

Recommended readings tonight: 1. Who is David Sacks, the first "crypto and AI czar" in the United States? What projects has he invested in? 2. Pantera: The trillion-dollar stablecoin market - stacks and future opportunities; 3. BTC breaks through $100,000, and the altcoin season has arrived;

With the development of blockchain technology and the crypto market, Meme coins have gradually become an important part of crypto assets. LBank Labs, MetaEra and Bee Network jointly released the "Top Ten Popular Meme Coins in 2024".

Bitcoin has reached a new all-time high, surpassing $100,000, while CZ remains unaffected by the surge, holding onto the same amount of Bitcoin. Binance Coin (BNB) also hit a record high, but CZ’s focus remains on Bitcoin’s long-term value rather than its fluctuating price.

BTC broke through the 100,000 mark, the altcoin sector of the crypto market rose in tandem, and the overall market sentiment was high.