November 12 Hot Topics

November 12 WEB3 Hot Topics

1. CME Predicts 65.1% Probability of Federal Reserve Rate Cut in December

CME's "Fed Watch" shows a 34.9% probability that the Federal Reserve will keep the current interest rate unchanged in December, while the probability of a 25 basis point cut is 65.1%. By January next year, the probability of maintaining the current rate is 23%, the probability of a 25 basis point cut is 54.8%, and the probability of a 50 basis point cut is 22.3%.

2. Probability of BTC Reaching $100,000 by Year-End Soars to 56%

On the Olymarket platform, the probability of Bitcoin reaching $100,000 by year-end surged from 28% yesterday to 56%, doubling within a day.

3. Tesla and Trump Media Technology Group Stock Prices Decline

On November 12, the popularity of "Trump Trading" decreased, with Tesla (TSLA.0) down 2.63% and Trump Media Technology Group (DJT.O) down 7.60%.

4. Bitcoin Rises 39% During Current Halving Cycle

On November 12, iChainfo statistics show that Bitcoin has risen 39% since the current halving cycle began. In comparison, during the same period of the previous halving cycle, Bitcoin's price increased by 119%. iChainfo analysis suggests that the current market may only be in the early stages of a bull market.

5. Trump Plans to Appoint Cabinet Members Who Support Cryptocurrency

President-elect Trump will appoint cabinet members who support cryptocurrency to fulfill his promise to make the United States the "global cryptocurrency capital."