**Fed Meeting and Crypto Market Surge Highlight Year-End Economic Activity**
As 2024 draws to a close, attention turns to the Federal Reserve's final meeting on December 18, where a 25-basis-point rate cut is anticipated by 97% of market participants. However, recent economic indicators, including robust growth and a resilient labor market, suggest that future rate cuts may not be as aggressive as previously thought. The Fed's Summary of Economic Projections and Chairman Jerome Powell's remarks will be pivotal in shaping market expectations.
Simultaneously, the cryptocurrency market is experiencing a significant upswing. Bitcoin reached a record high of $106,000, driving its market cap to nearly $2.1 trillion. Ethereum and other tokens have also seen gains, reflecting optimism in the sector. The launch of multiple Bitcoin and Ethereum spot ETFs in the U.S. has further solidified 2024 as a transformative year for crypto investments.