“This Week's Comprehensive Analysis of the Crypto Market: How Bitcoin and Ethereum Will Influence Future Trends?”

This week, the US market experienced fluctuations, with the S&P 500 index slightly falling to $6,051.08, reflecting a somewhat cautious market sentiment. The Federal Reserve is expected to announce a 25 basis point interest rate cut at the meeting on December 18, potentially bringing new opportunities to the market.

Google's breakthroughs in quantum computing have sparked heated discussions in the market, while the continued growth of artificial intelligence has become a focal point for investors. Meanwhile, China's economic stimulus commitments have drawn global attention, which could have far-reaching effects on the market.

In terms of US economic data, the core inflation rate remains at 3.3%, in line with expectations. PPI and initial jobless claims also showed some pressure. The US dollar strengthened against major currencies, with the euro, yuan, and yen all experiencing declines.

In the crypto market, Bitcoin rose slightly by 2.1%, surpassing $101,000, while Ethereum continued to decline with a drop of 2.2%. XRP emerged as the strongest-performing cryptocurrency with an increase of 2.2%. This week, stablecoins, decentralized finance (DeFi), and lending protocols performed well, while smart contract platforms and NFTs faced pressure.

As the FOMC is about to announce an interest rate cut, the market may see more volatility. Investors need to stay alert and adjust their strategies as needed. To learn more about market dynamics, remember to follow Mr. Qiu, and let's unlock opportunities in the crypto world together!

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