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1Bitget Daily Digest (May 12)|Substantial Progress in U.S.-China Trade Talks, Altseason Index Hits 90-Day High2Ethereum Price Analysis: Is ETH Due for a Correction After 42% Weekly Surge?3Strategy stacks another 13,390 bitcoin for $1.3 billion, bringing total holdings to 568,840 BTC

Ethereum ETF Records $800M—Is ETH Poised for $5,000?
CryptoNewsFlash·2024/12/07 07:55

JasmyCoin Price Prediction: JASMY Surges 19%, But Experts Say This Might Be The Best Crypto To Buy Now
Insidebitcoin·2024/12/07 07:33

New Cryptocurrency Releases, Listings, & Presales Today – Megalink, GLDT, AICM Marketplace
Insidebitcoin·2024/12/07 07:33

600% Hike Pushes Hedera (HBAR) Open Interest to All-Time High, Traders Expect More
Hedera (HBAR) open interest has surged to a record $417 million, indicating strong market sentiment.
BeInCrypto·2024/12/07 07:30

Trump Holds More ETH In His Crypto Portfolio Worth $7.8M
Cryptotale·2024/12/07 05:18

XRP 25% Weekly Rally: Why a Local Top Could Be Near
After a 25% gain to $2.72, Ripple's market metrics indicate XRP may struggle to climb higher.
BeInCrypto·2024/12/07 04:30

Solana Rallies As Ripple Takes a Dip While This New Crypto Presale Catches Investor Attention
Timestabloid·2024/12/07 03:22

Top 5 Cryptos for Your Portfolio: Bitcoin, Ethereum, and Emerging Star XYZVerse!
Ethnews·2024/12/07 03:00

Polkadot Surges Toward $15, While Dogen and Cardano Compete for a 20,000% December Rally
Ethnews·2024/12/07 03:00

Tether Mints 19 Billion USDT in a Month, Crypto Markets on Alert
Tether’s 19 billion USDT minting spree boosts liquidity in the crypto market while raising questions about reserve transparency and systemic risks.
BeInCrypto·2024/12/07 03:00
Flash
- 21:37Goldman Sachs Delays Fed Rate Cut Expectation to Year-End, Lowers US Recession ProbabilityAccording to a report by Jinse Finance, Goldman Sachs has adjusted its expected timing for the next Federal Reserve rate cut to December (previously expected in July). Analysts at the firm stated: "Given the developments and the significantly eased financial conditions over the past month, we have raised our forecast for the annual growth rate of the U.S. economy in the fourth quarter of 2025 by 0.5 percentage points to 1%, and reduced the probability of a recession in the next 12 months to 35%. Meanwhile, we have lowered our expectations for the core Personal Consumption Expenditures (PCE) inflation path, anticipating a peak of 3.6% (previously expected at 3.8%)."
- 21:06Optimism in the Cryptocurrency Market Heats UpTrade tensions between the United States and China have eased, leading to a recovery in the Bitcoin market. The mining company American Bitcoin, supported by the Trump family, plans to go public through a merger, and analysts expect the cryptocurrency market to enter a positive "venture capital" environment. Other companies like Metaplanet and Strategy continue to increase their investments in BTC, indicating that enterprises are actively participating in the digital currency accumulation frenzy. Additionally, the global stablecoin network Global Dollar Network has recently expanded its list of partners to promote its USD-pegged stablecoin USDG. Bitcoin remains the primary asset class for capital inflow, while Sui-related products have performed outstandingly.
- 21:05Crypto Market Recovery: Major Coins like XRP, BTC Break Through 200-Day Moving AverageOn May 13, according to CoinDesk, as the overall cryptocurrency market rebounds, the prices of major tokens such as XRP, BTC, BNB, ADA, and TRX have all surpassed the critical 200-day moving average. This breakthrough in the technical indicator suggests that market breadth is improving and investor sentiment is turning optimistic. Analysts point out that this widespread rally may signal the beginning of a new bull market cycle, especially as tokens like XRP and TRX show strong breakout momentum after a prolonged consolidation. Market trading volume is simultaneously expanding, indicating that funds are flowing back into the crypto asset sector.