November 25 Hot Topics

November 25 WEB3 Hot Topics

1. The probability of the Federal Reserve cutting interest rates by 25 basis points in December is 52.7%

CME's 'Federal Reserve Watch' shows that the probability of the Federal Reserve maintaining the current interest rate in December is 47.3%, and the probability of a 25 basis point cut is 52.7%. By January next year, the probability of maintaining the current interest rate is 87.2%, while the probability of a 25 basis point cut is 51.6%, and a 50 basis point cut is 11.3%.

2. Trump's nomination of Bessent as Treasury Secretary boosts Asian currencies

Following the nomination of Scott Bessent as Treasury Secretary by President-elect Trump, most Asian currencies strengthened against the dollar in early Asian trading. The FOMC meeting minutes to be released this week may reveal discussions on the extent of the federal funds rate cut and views on U.S. core inflation.

3. GameFi and DeSci sectors rise against the trend

According to SoSoValue data, although the overall crypto market is declining, the GameFi and DeSci sectors have risen against the trend. The GameFi sector increased by 9.52%, while the DeSci sector increased by 3.35%.

4. Bitcoin may experience consolidation after approaching $100,000

Market strategists say that investors are concerned that Bitcoin 'needs to take a breather now, as it has basically tested the $100,000 level', and bullish sentiment around Bitcoin 'is becoming extreme'. Since the Republican victory on November 5, the overall value of the digital asset market has increased by about $1 trillion.

5. Bitcoin exchange balances hit all-time low

Data from Coinglass shows that 35,000 Bitcoins flowed out of crypto exchanges last week. The balance of Bitcoin wallets on exchanges is currently about 2.2992 million coins, hitting an all-time low.