Trump influences the crypto market Bitcoin fell back after breaking 100,000 USD

The fluctuation of the crypto market intensifies, Trump's remarks attract follow.

Web3 AI Daily Review (2024/12/13)

Macroeconomic Environment

The U.S. Producer Price Index for November ( PPI ) data exceeded expectations, showing that inflation has warmed. The PPI rose by 0.4% month-on-month and grew by 3% year-on-year, both higher than market expectations. This data has raised doubts in the market about the future direction of the Federal Reserve's policy. Although there are still expectations for interest rate cuts, the rebound in inflation has increased uncertainty.

As a result, the U.S. stock market has experienced a decline. The three major indices have all retreated, with technology stocks performing particularly weakly. Investor concerns regarding the economic outlook and the direction of monetary policy have increased.

Web3 AI Daily Review (2024/12/13)

Crypto Market Dynamics

The cryptocurrency market has also experienced significant fluctuations. The price of Bitcoin once broke through $102,000 but then quickly fell back below $100,000. This fluctuation was partly influenced by Trump’s remarks on the New York Stock Exchange, where he stated that he would take action in the crypto market.

The decentralized finance ( DeFi ) sector has performed relatively strongly, mainly due to large purchases of assets such as Ethereum, AAVE, and Chainlink by projects related to Trump’s family. This is seen as an acknowledgment of the potential of the Ethereum ecosystem.

Web3 AI Daily Review (2024/12/13)

Regulatory Trends

According to reports, Trump's team is considering restructuring financial regulatory agencies, potentially merging or reforming the Federal Deposit Insurance Corporation ( FDIC ), the Office of the Comptroller of the Currency ( OCC ), and the Federal Reserve among others. This initiative aims to improve government regulatory efficiency, but it has also raised concerns in the market about changes to the regulatory environment in the future.

Web3 AI Daily Review (2024/12/13)

Industry Trends

  1. Chill Guy image creator Phillip Banks stated that his works do not involve encryption and accused certain groups of using his artwork without authorization. Banks then indicated that his social media accounts were hacked, sparking community speculation about a possible "pump and dump" operation.

  2. The travel platform Travala, which supports cryptocurrency payments, announced that its annual revenue has exceeded 100 million USD and has launched a new token reserve strategy. This news has attracted the attention of industry insiders and significantly boosted the prices of related tokens.

  3. An AI robot named GwartyGwartBot gained follow on social media, with its unique sense of humor and application of zero-knowledge proof technology sparking community interest.

Web3 AI Daily Review (2024/12/13)

Overall, the crypto market still faces many uncertainties, including macroeconomic environment, regulatory policies, and technological innovations that are affecting market trends. Investors need to closely follow developments in various areas to make informed investment decisions.

TRUMP-2.15%
BTC-0.41%
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TestnetFreeloadervip
· 1h ago
Trump really stirred up the market, watching the show.
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ForkYouPayMevip
· 5h ago
After playing with coins, I was played for suckers by Trump.
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GasFeeSobbervip
· 6h ago
Tsk, a single sentence from Old Trump has caused the coin to fall.
View OriginalReply0
SigmaValidatorvip
· 08-05 10:51
Trump opens his mouth and falls, hard to collapse.
View OriginalReply0
SchrodingerPrivateKeyvip
· 08-03 11:21
It's Trump performing again, and it has fallen.
View OriginalReply0
GasWastervip
· 08-03 11:21
Foolishly following Trump fall
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SignatureDeniedvip
· 08-03 10:59
A single sentence from President Chuan has ruined the bull run.
View OriginalReply0
CodeZeroBasisvip
· 08-03 10:56
suckers in the crypto world have no vision
View OriginalReply0
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