Yesterday, the United States released the CPI data for November, and the results met market expectations. Both the U.S. stock market and the cryptocurrency market experienced a wave of rebound. The Nasdaq index in the U.S. stock market broke through 20,000 points for the first time, setting a new historical high. Tesla's stock price also hit a new high.
Bitcoin returned to $100,500, and Ethereum also returned to $3,800. After the CPI data was released, the probability of the Federal Reserve lowering interest rates by 25 basis points in December has reached 98.6%.
This means that the Federal Reserve's interest rate cut in December is basically a done deal. It is worth noting that, according to Arkham monitoring data, BlackRock and Fidelity purchased more than $500 million worth of ETH in the past 48 hours.
This indicates that the FOMO sentiment among U.S. institutional investors has risen again, with new funds flowing into Ethereum. The U.S. SEC is seeking public comments on the Bitwise Bitcoin and Ethereum ETF listed on the New York Stock Exchange.
This means that once it officially starts trading, there will be more new funds entering the cryptocurrency market.
