Trading Moment: Japan's rate hike triggers, Bitcoin faces a critical test at $81,000, Ethereum's rebound is weakDaily Market Highlights and Trend Analysis, produced by PANews.
1. Market Observation
Despite the US November CPI year-over-year unexpectedly dropping to 2.7%, with core CPI falling to 2.6%, hitting a new low since 2021, fueling market expectations of the Federal Reserve accelerating rate cuts, the reliability of this report has been widely questioned due to data collection disruptions caused by the government shutdown. The market wavers amid complex signals; on one hand, White House officials believe the Fed has "ample room to cut rates"; on the other hand, the Bank of Japan raised its benchmark interest rate to 0.75%, a 30-year high, continuing to tighten global liquidity. On the regulatory front, the CLARITY Act, aimed at clarifying rules for the crypto market, is expected to enter the Senate for review in January next year, bringing positive industry expectations. However, the financial markets are facing the largest-ever quarterly concentrated derivatives settlement, with approximately $7.1 trillion in risk exposure.
PANews·12-19 06:32