🆕24h Crypto Market Overview
⏰Thursday, September 12, 2024
♨️Overview:
The market is little changed after the US announced the important CPI inflation index. The current chaotic sentiment is difficult to grasp. With the current situation, the market is hesitant with a 0.25% or 0.5% decrease. If the FED reduces 0.25%, it may be lower than the market expected, if it reduces 0.5%, the market is worried about a financial recession. We have a week left to know the FED's final decision. Last night's Core CPI did not increase or decrease, which is the basis for believing that the FED will only reduce interest rates by 0.25%.
♨️ETF Updating (11/09/24):
💰Bitcoin ETF Spot:🔴59M
🔹Etherium ETF Spot: 🔴0M
🎯Weekly Highlights:
◾️CPI: 2.5% I Expected 2.6% I Previous Period 2.9%
◾️CoreCPI: 3.2% I Expected 3.2% I Previous Period 3.2%
▪️Thursday: EU announces interest rates and meetings, US announces first unemployment insurance claims.
❇️Top Gainers/Losers:
🟢$XMR 4% 🔴$NOT 7%
🟢$ADA 12% 🔴$WIF 7%
🟢$INJ 3% 🔴$WLD 6%
🆕Hot News:
- Stablecoin payments in Singapore hit a record high of nearly $1B in Q2👉Bloomberg
- Taproot founder introduces CATNIP, a BTC-native token that is said to be an upgrade over Rune👉UDI
- BNB Chain will soon launch restaking for BNB👉BNB Chain
