Bitcoin is stealing the show again! ๐ The leading cryptocurrency hit a new record, surpassing $106,000. Investors are excited ahead of the Federal Reserveโs final meeting of the year. Many are predicting a 25 basis point interest rate cut, which could fuel further gains for Bitcoin. Lower interest rates often weaken the US dollar, giving Bitcoin a chance to shine. The stock market is also keeping an eye on Bitcoinโs rally as it affects investor sentiment. Additionally, talk of a more crypto-friendly regulatory future under President Trump is adding to the optimism. Bitcoin is up 145% this year!
In Europe, stock markets started the week in a mixed mood. Some indices rose, such as Germanyโs DAX, while others, such as Franceโs CAC, fell slightly. All eyes are on the Federal Reserve meeting in the US, which could determine the direction of global markets. Meanwhile, Asian stock markets are feeling the effects of weaker-than-expected Chinese retail sales. However, Bitcoinโs surge offered a rare bright spot, proving that crypto has its own rhythm. ๐
In the US, the stock market is awaiting a major decision from the Fed. With the holiday shopping season underway, analysts are expecting good growth. This week promises to be full of action, whether you're interested in stocks, futures, or cryptocurrencies.