Good afternoon, brothers! Everything is ready, only east wind is missing!
After the US released the November CPI data, the probability of the Federal Reserve continuing to cut interest rates in December is increasing, and market liquidity is also increasing. This is good news for the cryptocurrency circle, and there is a high probability that both mainstream and copycat currencies will have a lot of room to grow in the future.
Last night, Bitcoin fell along with the US stock market, rising to $102,500 and then falling back below $100,000. Currently, $102,000 is an important pressure point, and it needs to continue to rise to stabilize. The intraday pressure level is 102,000 and the support level is $97,000.
Trump was the focus of the world yesterday, and even more so the focus of the cryptocurrency circle. He was featured on the cover of Time magazine and was invited to ring the bell. He did not forget to praise cryptocurrencies. What he meant was that the United States will strongly support cryptocurrencies in the future, because if you don't, other countries will surpass you. The crypto landscape is large enough and open enough to embrace the whole world. If you don't support it, you will be eliminated. His thinking is very clear.
Recent market hot spots and hot sectors may discover a coin that will make you rich:
In the early morning of December 13, the price of AVA rose by 300% in one hour, breaking through the $3 mark from around $0.8, setting a record high since October 2021. As of press time, the coin has risen by more than 304% in 24 hours.
The cause of everything may be traced back to a tweet posted by Zhao Changpeng, founder and former CEO of Binance, on the X platform, which read: "We invested in this crypto travel platform before YQ and before the cryptocurrency winter."
This tweet refers to the project to which the AVA token belongs - the crypto travel platform Travala. On December 11, Travala announced that its annual revenue exceeded $100 million and announced that its token AVA and Bitcoin would be included in the company's strategic reserves.
This news immediately attracted widespread attention in the market and provided impetus for the surge in the AVA token.
Public chain sector:
ETH rose, and DeFi projects such as LINK, AAVE, COW, and LDO soared.
The Trump family funds purchased ETH, LINK and AAVE through the COW protocol, while LDO attracted attention due to Grayscale's submission of a trust application.
This round of rise is closely related to US politics and compliance narrative.
Payment section:
AVA and UTK rose sharply. AVA is an old currency focusing on tourism encryption payment. It was launched in 2017. CZ announced an early investment and its annual revenue has reached 100 million US dollars.
On-chain AI and Meme:
Projects such as GOAT, VIRTUAL, and FARTCOIN rose.
GOAT has been supported by OK.
The on-chain Desci project URO has risen sharply, with its market value exceeding RIF.
The market value of the on-chain DeFi new coin HYPE soared to US$18 billion.
BN New Coin Section:
The projects leading the decline include ME, MOVE, USUAL, ORCA, ACX, etc.
USUAL's decline was mainly due to the end of pre-market trading and a significant increase in supply.
