🪙Market Trend Update on December 3 🪙
✅BTC is gradually stabilizing around the 95k - 97k mark and good news continues with a decrease to 55%. The 50% mark is approaching and altcoins will start a strong pump cycle.
Current capital is now focused on all L1.
⭐️Today's spotlight coins: $LINK, $HBAR, $XRP, $ADA, $SAND, $FTM, $ONDO..
Capital will rotate through each system, and it's important for everyone to hold their positions and not jump around.
Congratulations to those who listened to me and bought these coins since mid-last month; you have now doubled or tripled your investment... Thank you 🇻🇳
The market correction yesterday was largely due to news about the U.S. government moving $1.9 billion worth of $BTC.
- This raised concerns about them selling, causing $BTC to dump. However, everything seems to be stabilizing again as Tether issued an additional $1 billion USDT.
THE POSSIBILITY OF THE FED CUTTING INTEREST RATES IN THE DECEMBER MEETING IS 75%
- If the FED cuts rates in December, we could say that early 2025 will be a year for Crypto because:
- Trump will take office as president in January 2025
- Interest rates will be cut three times in 2024
- The SEC chairman will resign and a new chairman who is more supportive of Crypto will be appointed.
If there are any changes, Phat will update later. 🫶
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