Quick Recap of Global and Crypto Market Trends in 1 Minute 14.12.2023

You can read the summary of markets report in 1 minute, which we have compiled daily important news about crypto money markets, global market news and domestic markets.

Cryptocurrencies

  • The US Securities and Exchange Commission (SEC) has postponed its decision on Invesco and Galaxy Digital’s spot Ether ETF application.
  • Latest on-chain data revealed that speculators were selling in panic as the BTC price fell towards the $40,000 level following the correction.
  • Howard Lutnick, CEO of Wall Street firm Cantor Fitzgerald, has praised USDT stablecoin issuer Tether, describing himself as a “huge fan” of the firm.
  • Cryptocurrency Exchange Blockchain.com plans to enter new markets such as Türkiye and Nigeria.
  • With a positive reaction after US macro data release, BTC surpasses $41,000
  • According to BTC futures and options markets, Bitcoin bulls’ $50,000 target is still valid.
  • El Salvador National Bitcoin Office announced that it has already received dozens of applications for the new ‘Freedom Visa’ they announced.
  • NodeKit has managed to raise $1.2 million in a pre-seed funding round led by Borderless Capital for Avalanche Subnet SEQ.
  • Wikipedia co-founder Jimmy Wales targeted Bitcoin in his post on X (formerly Twitter) on December 11, stating that many users lost their Bitcoins because they forgot their wallet passwords, but he did not lose any money because he did not remember his bank password.
  • Nasdaq; In order to expand into new emerging markets, he became interested in cryptocurrency technology and carbon markets again. However, due to legal restrictions, it plans to offer an enterprise-level platform rather than a custody service.

FED

  • The US Federal Reserve (Fed) announced the interest rate decision that the markets were eagerly awaiting. The Fed kept the interest rate constant in the range of 5.25 – 5.50, within the expectations.

Global Markets

  • Global markets are following a positive trend after the US Federal Reserve (Fed) signaled that it may start reducing interest rates next year.
  • While the FED kept the policy rate unchanged yesterday, within expectations, at the 5.25-5.50 percent level, which is the highest level in 22 years, it was seen that the bank gave a dovish message for the first time after a long break.
  • Gold prices rose after the Fed’s interest rate decision. Gram gold, which was traded at 1847 lira at 09.00 in the morning during the day, rose to 1883 lira at 23.55 after the Fed’s interest rate decision.
  • On the macroeconomic data side, the Producer Price Index (PPI), which was announced yesterday in the country, did not change on a monthly basis in November, but remained below expectations with an increase of 0.9 percent on an annual basis.
  • Yesterday, after the statements from the Fed, the US 10-year bond interest rate decreased by 18 basis points to 4 percent, and today it continued its decline and fell to 3.98 percent.
  • With these developments, the Nasdaq index increased by 1.38 percent, the S&P 500 index increased by 1.37 percent and the Dow Jones index increased by 1.40 percent in the New York stock exchange yesterday. Index futures contracts in the USA started the new day on a positive note.
  • While a negative trend stood out in Europe yesterday, except for the UK, today all eyes are on the interest rate decisions of central banks in the region.
  • Yesterday, the DAX 40 index in Germany decreased by 0.15 percent, the MIB 30 index in Italy decreased by 0.15 percent, the CAC 40 index in France decreased by 0.16 percent, while the FTSE 100 index in the UK increased by 0.08 percent. Index futures contracts in Europe started the new day with a positive trend.
  • A positive trend prevailed in Asian markets, except for Japan.

Technology and Stocks

  • Cathie Wood’s investment management company, ARK Invest, sold Coinbase (COIN) shares for the third day in a row. Shares remain steady at yearly highs.
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