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Donald Trump

<h2 id="us-cpi-inflation-spikes-fueling-ongoing-crypto-market-volatility">US CPI, inflation spikes, fueling ongoing crypto market volatility.</h2>
<ul> 
 <li> Bitcoin stabilizes at $40,000 post-liquidations, anticipating the US interest rate decision today. </li> 
 <li> In the last 24 hours, a bearish trend prevails as both BTC and ETH trade sideways, following a recent decline. </li> 
 <li> November's Consumer Price Index indicates a 0.1% monthly increase, contributing to a 3.1% year-over-year inflation surge. </li>
</ul>
<h3 id="span-span-data-font-font-size-style-font-size-18px-major-events-to-watch-span-span">Major Events To Watch:</h3>
<img src="https://lh7-us.googleusercontent.com/6ZmxLNM2kdglF0-2Hrd5Dhvq2juBhRsrKW5lmKrYGQLwhxxqyBZQ3GtwcNudGtx8nDCd1TC26bRIy4swycEGUqMsp4dXu5cuG7Jneh0ZgmyoqHP4YVq2jTG5WybC4yjhw8VvggUN1z-FxOgJt9N_SyI" width="500" height="488"> 
<h4>Crypto Fear and Greed:</h4>
<img src="https://lh7-us.googleusercontent.com/TcOQbU8f1PqwdMKk7SvAjk1uxycsLOIJzbBCf0BO8b7i92Vd6xUSH3iD9BXme3o0YC-wQoEyLEtPLI5hL0ooIYtngAP9eCAvi9IRuVRj6y_HVb7ZHIqNtFxB774MRlUuw4UqKF2aNdgQQVmQF4UCJdA" width="558" height="241"> 
In the last 24 hours, the cryptocurrency markets witnessed a downturn, resulting in a 2-point drop in the "Greed and Fear Index." Consequently, the current index reading stands at 65 on its 0 to 100 scale.
<h4>Latest Market Update:&nbsp;</h4>
<ul> 
 <li> Bitcoin, the oldest and most valued cryptocurrency, experienced a drop below the $41,000 mark early on Wednesday. </li> 
 <li> Popular altcoins such as Ethereum, Solana, Ripple , Litecoin, and Dogecoin also witnessed slight declines during the same period. </li> 
 <li> Osmosis token emerged as the most significant gainer, showing a noteworthy 24-hour increase of over 15 percent. </li> 
 <li> Conversely, Bonk faced the largest loss among the mentioned cryptocurrencies, with a 24-hour decrease exceeding 21 percent. </li> 
 <li> Total crypto market volume over the last 24 hours: $89.10B, showing a 14.32% increase. </li> 
 <li> DeFi volume: Currently at $9.84B, constituting 12.25% of the total crypto market 24-hour volume. </li> 
 <li> Stable coins volume: Stands at $74.23B, making up 92.38% of the total crypto market 24-hour volume. </li> 
 <li> Bitcoin dominance: Currently at 53.14%, indicating a 0.10% decrease over the day. </li>
</ul>
<h4>Major Worldwide News Update:</h4>
<ul> 
 <li> US <a href="https://www.coingabbar.com/en/crypto-currency-news/crypto-update-crypto-feels-the-heat-awaits-cpi-fomc-reports" class="f-link">CPI</a> rose 0.1% in November, surprising economists who expected no change. Bitcoin dips 2.1%, trading below $41,000. On-chain data shows increased Tether presence, hinting at bullish sentiment. Analyst identifies strong support at $37,150-$38,360 and warns of resistances at $43,850 and $46,400. Whales accumulate BTC amid market correction. Fed expected to signal end of tightening, with futures markets anticipating potential rate cuts in 2024. </li> 
 <li> Global Market anticipates a calm <a href="https://www.coingabbar.com/en/price-analysis/bitcoin-price-analysis-cmp-dollar-fomc-excitement-drives-btc-rally" class="f-link">FOMC</a> announcement as the central bank is likely to maintain interest rates at 5.25% to 5.50%. With inflation decreasing to 3.1% in November and signals from experts and investors, expectations suggest the Fed may have concluded its rate-hiking cycle, with futures markets indicating a high probability of unchanged rates and potential future cuts. </li> 
 <li> Major financial players, including BlackRock, Fidelity, Franklin Templeton, and <a href="https://www.coingabbar.com/en/crypto-currency-news/sec-and-grayscale-meets-to-discuss-spot-bitcoin-etf-listing" class="f-link">Grayscale</a>, engage in talks with the SEC for approval of the first spot Bitcoin ETF in the US. Meetings suggest a positive outlook, with anticipation for potential approvals before the January 10, 2024, deadline. The SEC may opt for multiple approvals simultaneously to prevent a single entity from gaining a first-mover advantage. </li> 
 <li> Binance and its former CEO, Changpeng Zhao, respond to the SEC's attempt to use findings from the $4.3 billion settlement with the DOJ in their ongoing lawsuit. Binance argues the SEC's notice lacks relevance to its claims and accuses the SEC of attempting to introduce new information improperly. </li> 
 <li> Former President Donald Trump launches the "Mugshot Edition" NFT collection, digitizing his August arrest. Priced at $99 each, the collection includes 47 Trump Cards, offering buyers a piece of the suit worn during the arrest and a chance for a dinner at Mar-a-Lago in Florida. The move emphasizes publicity over significant economic incentive. </li> 
 <li> S&amp;P Global Ratings launches a stablecoin stability assessment, aiming to evaluate stablecoins' ability to maintain value against fiat currencies. The assessment rates tokens on a scale of 1 to 5, considering quality, collateralization, and liquidity. Tether scores 4 with transparency concerns, while USD Coin, Pax Dollar, and Gemini Dollar receive strong ratings. The initiative responds to growing calls for stablecoin regulation. </li> 
 <li> The SSV Network achieves a groundbreaking milestone with the launch of its permissionless mainnet, utilizing Distributed Validator Technology (DVT) to enhance Ethereum's staking security. DVT enables validators to distribute responsibilities, reducing the risk of a single point of failure and addressing decentralization concerns. Incentivization and a three-year development journey mark the network's commitment to Ethereum's growth. </li> 
 <li> US DOJ charges Australian David Gilbert Saffron and LA resident Vincent Anthony Mazzotta Jr. in a $25 million Ponzi scheme using a fake AI crypto-trading program. Accused of diverting investor funds for personal luxuries, they face charges of wire fraud, obstruction of justice, and money laundering. DOJ's intensified crypto scrutiny drives the crackdown. </li> 
 <li> Crypto hacking incidents in 2023 have significantly decreased compared to 2022, with reported losses around $1.7 billion. October 2022 witnessed over $3 billion in losses due to various hacks, including the Axie Infinity Ronin bridge exploit and the Mango Markets hack. Increased global focus on cybersecurity and government regulations contribute to improved industry security. </li>
</ul>
COIN GABBAR Views: Is Crypto poised for a significant move this week? Could Bitcoin be undergoing another 5% correction in its ongoing sell-off? Is a new peak on the horizon for BTC price in the Bitcoin price prediction? Is the current downturn in the crypto market a retracement, or does the decline suggest profit booking? To get latest news Stay tuned us at <a href="https://www.coingabbar.com" class="f-link">coingabbar</a>
Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.
For More News: <a href="https://www.coingabbar.com/en/crypto-currency-news/crypto-daily-roundup-us-data-unleashes-waves-of-market-tension" class="f-link">Crypto Daily Roundup, 12: U.S. Data Unleashes Waves of Market Tension</a>

24 Crypto Update, 12 Dec: Cryptos on Brink, FOMC Drama Adds Suspense

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