On November 28, 2024 - The coin and global financial markets are experiencing many notable developments in the context of post-pandemic recovery in the United States and new policies gradually being implemented. According to sources from Reuters, Bitcoin, the largest coin in the world, is trying to regain its position after a four-day declining streak. Bitcoin's price has increased by 5.34% to $96,544, a significant recovery compared to the recent record high of $99,830.
The influence of US economic data has also become a focal point, as consumer spending increased in October. This indicates that the economy is striving to maintain growth, but inflation remains a significant unresolved challenge. The core inflation rate in the US slightly increased from 2.7% to 2.8% from September to October, according to data from the Federal Reserve. This is one of the factors making investors consider a 0.25% interest rate cut in the upcoming December.
Investors are carefully considering concerns about the possibility of high taxes from the new administration of President-elect Donald Trump, which could affect investment strategies not only in coins but also in many other sectors. This policy could put pressure on many altcoins and potential products, but it may also open up new investment opportunities for the strong players in the market.
In another development, the US dollar index (USD), a measure of the strength of the greenback against other currencies such as the Japanese yen and the euro, has decreased by 0.73% to 106.06. This has a certain impact on the value of coins and altcoins in the portfolios of global investors.
In addition, the oil market is fluctuating between price levels as confirmation of the ceasefire agreement between Israel and Hezbollah eases supply concerns. US crude oil prices have slightly decreased to $68.72 per barrel, while Brent oil remains nearly unchanged at $72.83 per barrel.
In summary, with movements from the global financial and political markets, the coin market promises to continue experiencing significant volatility. Investors need to closely monitor these developments to make accurate investment decisions. Follow the latest information from Reuters to stay updated on trends and forecasts in the near future.
