This week was full of surprises and major changes in the American markets and cryptocurrency. Major economic updates to the unexpected changes in market trends, staying up to date is more crucial than ever. Do you want to know how these developments shape the markets? Keep…
This week was full of surprises and major changes in the American markets and cryptocurrency. Major economic updates to the unexpected changes in market trends, staying up to date is more crucial than ever.
Do you want to know how these developments shape the markets? Continue to read while we decompose it. Let’s dive!
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Weekly update of the American market
The S&P 500 index amounted to $ 6,051.08 this week, slightly down compared to $ 6,091.35 on December 2. Investors watch at a potential rate of 25 base points reduced by the federal reserve, which should be announced on December 18 after a two -day meeting.
Technological and global developments arouse interest
American economic data: what has been published
Several American key economic indicators were published this week. The American basic inflation rate remained unchanged at 3.3%, while the basic producer price index (PPI) remained stable at 3.4%. The first unemployment complaints saw a sharp increase, climbing 242,000 against 224,000 in the previous week. On the positive side, the American export prices in annual sliding rose from 0.1% to 0.8%, and the prices of annual slip imports rose from 0.6% to 1.3%.
The US dollar shows strength
The US dollar experienced strong performance against the main currencies this week. The euro went from 0.9461 EUR to 0.9519 EUR, the Chinese Yuan from 7.2695 CNY to 7,2751 CNY, the Japanese yen from 149.955 JPY to 153.579 JPY, and the Indian Rubiine of 84.64 INR at 84.76 INR.
Cryptography market scenario this week
The total market capitalization of the cryptocurrency increased from 3.62 billions to 3.57 billions of dollars this week, and the market capitalization Altcoin went from 1.61 billion of dollars to 1.55 billion of dollars. Excluding Bitcoin (BTC) and Ethereum (ETH), market capitalization increased from $ 1.13 billion to $ 1.08 billion.
Overview of the Bitcoin market
Ethereum market analysis
Top cryptos and market trends
Apart from Bitcoin and XRP, most of the ten cryptocurrencies have shown negative growth. Cardano fell 8.5% and Dogecoin dropped by 6.0%. XRP, however, increased by 2.2%, just before the increase of 2.1% bitcoin.
Trend this week
Financial Launvence on the theme of anime, telegram applications, the Terminal of truths and Morpho ecosystems are the five main trends categories of the week. The theme of anime posted massive growth of 217.9%.
Overview of cryptography: winners and losers
In the last seven days, the Smart Contract Platform category has dropped by 0.5%, even a corner of 3.9%, the artificial intelligence of 7.8%, depoin of 12.2%, NFT of 9.3%, layer 2 (L2) of 6.1%, game (gamefi) of 7.9%, layer 0 (L0) by 14.0%, real assets by 4.9% 10.1, on the Internet, by 11.8%by 11 years by 4.9%, meta-out by 10.1, 8.0%by 11.8 assets by 4.9%, meta, meta by 10.1, Internet, by 11 years, by 11 years, 8.8 assets by 4.9%, Metawe
During this time, the category of layer 1 (L1) increased by 0.1%, the floors of 2.8%, the USD floors of 5.6%, decentralized finance of 1.3%, decentralized exchanges of 1.8%, which gives agriculture of 1.7%, the loan / borrowing protections of 9.6%, AI of agents per 5.2%, perpetuated 17.35, and telegram applications of 105.9%.
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