Market dynamics on December 18: BTC pulls back after reaching a new high, altcoins plummet; Market sentiment may reach a short-term peak before Trump's inauguration ceremony on January 20
Bitget2024/12/18 02:26
I. Market Dynamics
1. BTC fell back after hitting a new high, and altcoins plummeted. The market sentiment may reach a short-term peak before Trump's inauguration on January 20th.
2. U.S stocks collectively closed lower. The latest prediction of the number of interest rate cuts by Federal Reserve officials over the next 25 years has been reduced from four times to two or three times.
II. Market Focus
1. Public chain SOL rose, and the SOL/ETH exchange rate rebounded, with funds possibly returning to the SOL chain. Leading ETH series such as HYPE and VIRTUAL began to fall from high positions.
2. On-chain AI platforms ARC, MEMESAI, DESCI's RIF rebounded.
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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.
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