Analysis of market dynamics and Web 3 topics


First, market points
1. The overall environment
The Producer Price Index in the United States for November ( PPI ) exceeded expectations, rising by 0.4% month-on-month and 3% year-on-year, reaching new recent highs. This data reflects an increase in inflation, raising concerns in the market about the future monetary policy of the Federal Reserve. Although the market generally expects the Federal Reserve to keep interest rates unchanged at next week's meeting, the Producer Price Index data has increased uncertainty regarding the possibility of interest rate cuts in 2024.
As a result, three major indices in the United States collectively declined. The Dow Jones Industrial Average fell for the sixth consecutive day, while the S&P 500 and Nasdaq Composite indices decreased by 0.54% and 0.66%, respectively. Technology stocks were weak, with leading shares such as Nvidia and Tesla experiencing varying declines.
2. Cryptocurrency Market
The cryptocurrency market has experienced sharp fluctuations. Bitcoin at one point surpassed 1 #Altcoin Season Coming?# #Stablecoin Regulation Crackdown# #Gate June Transparency Report# .
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GateUser-e78067b2vip
· 07-22 19:56
Hold on tight 💪
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