Bitcoin and altcoin market will encounter many innovations today. Developments such as stock market listings, Q&A events and new product launches for 10 altcoin projects draw attention. Apart from that, the crypto money market seems to be affected by today’s FED meeting. Here are the details…
Today, important for 10 altcoins
- WhiteBIT and FC Barcelona have signed a global partnership agreement. WhiteBIT will become Barcelona’s official cryptocurrency exchange partner until June 30, 2025.
- Singapore became the first city in the NEXUS World metaverse.
- TRON (TRX) will hold the question and answer event on Twitter Spaces at 12 pm.
- OKB (OKB) will hold a question and answer event on Twitter Spaces. The main topic of the event will be evidence of reserves.
- BitMart lists BlueBenx (BENX) with USDT pair at 12 CET.
- BTCEX lists Volt Inu (VOLT) with USDT pair at CET.
- MEXC Global lists MafaCoin (MAFA) in USDT pair at 17 CET.
- Constellation (DAG) will release its podcast HypergraphHour today.
- Concordium (CCD) will hold a question and answer event on Telegram.
- BitMart lists BHNetwork (BHAT) with USDT pair at 19 CET.
What is the latest situation in the market?
Bitcoin is trading at $17,765 in the Asian session on Dec. Similarly, Ethereum surged above $1,300 as the weakening of the US dollar boosted demand for cryptocurrencies. The global crypto market cap was up 2.52% the previous day to $870.79 billion, while major cryptocurrencies were trading in the green as early as December 14. In the last 24 hours, the overall crypto market cap has increased by 52.60 percent to $53.51 billion.
DeFi total volume is currently $2.94 billion, accounting for 5.49 percent of all 24-hour volume in the crypto market. The combined volume of all stablecoins is currently $53.26 billion, accounting for 99.53 percent of the total 24-hour volume of the crypto market. By the end of Wednesday’s two-day policy meeting, the Fed is expected to raise interest rates by half a point. This suggests the central bank is signaling a less aggressive approach as evidence emerges that inflation may slow.
The expected move by the Fed could push the rate that banks charge each other to borrow from each other to between 4.25 and 4.5 percent, the highest level since 2007. The Fed will release its economic outlook on Wednesday. cryptocoin.com As we have also announced, investors will be closely interested. Even in great disappointment, they will watch Powell’s news briefings to get an idea of what’s to come.
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