#weeklyoutcomes

Ethereum ETFs are outpacing Bitcoin, Israel will leave Lebanon, and the ruble hits rock bottom – we summarize the week.

💸 Cryptocurrencies

📍 On November 29, spot ETH ETFs attracted a record $332 million, while inflows to BTC ETFs on the same day amounted to $320 million.

One day is not a reliable indicator, but what if there are signs of a peculiar alt-season in the crypto ETF market? Ethereum has already returned to $3,700, FOMO might start at a breakout level of $4,000 🤑

📍 The net inflow into spot Bitcoin ETFs in November set a new record – $6.55 billion.

Institutional investors are not scared by BTC at $99k; on the contrary, they see the potential for a rise above $100k 🤑

📍 The Trump administration plans to regulate digital assets through the CFTC.

The CFTC has always been more lenient towards cryptocurrencies, but the SEC has constantly tried to take control. After the launch of crypto ETFs, BTC and ETH can officially be considered commodities and transferred under the jurisdiction of the CFTC 😏

💵 Finance

📍 The ruble has dipped to 114 against the dollar. The Central Bank of Russia has decided not to buy foreign currencies until the end of 2024, which allowed the rate to return to 106 rubles.

The official reason for the collapse is sanctions against Gazprombank. However, the ruble has weakened too much, as if it was intentionally released for a while to allow the Ministry of Finance to cover the budget deficit as much as possible at the end of the year.

Another version of the significant drop is that now the rate can be returned to 106 rubles and kept there. The people will be satisfied with that... 😇

📍 Israel has approved a ceasefire agreement in Lebanon. According to media reports, Hamas is also not opposed to making peace.

A calming of the situation in the Middle East will save a lot of nerves for investors who have shed bloody tears during the downturns due to the threat of war between Iran and Israel. If only the Houthis could be calmed to restore normal logistics at sea ⛵️

📍 OPEC+ plans another delay in increasing oil production to prevent further price declines.

The cartel continues to stick to its line, despite geopolitics and the economy working against it. And now there are rumors about Trump, who might convince the Saudis to abandon their OPEC+ colleagues 😁

$BTC

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