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Market dynamics on December 4th: The coup in South Korea causes market turbulence, with old coins from 2017 leading the surge; the probability of a rate cut in December reaches 73%

Market dynamics on December 4th: The coup in South Korea causes market turbulence, with old coins from 2017 leading the surge; the probability of a rate cut in December reaches 73%

Bitget2024/12/04 02:24

I. Market Dynamics

1. BTC fluctuates at a high level. The military coup in South Korea affects the prices on Korean exchanges. The market prefers to speculate on old coins rather than new ones, with coins from 2017 leading the surge.

2. U.S stocks are volatile, with a 73% probability of interest rate cuts in December.

II. Market Focus

1. Stablecoin RSR surges significantly. Trump's potential appointee for the new SEC chairman previously served as an advisor to RSR; one of HBAR's board members who contributed to its previous surge is also a candidate for the SEC.

2. Public chain TRX doubles in one day, and ecological SUN, JUST, BTTC etc follow suit with increases too. Many stocks pull up their value and TRX enters top 10 by market cap value . Sun had tweeted earlier about learning from XRP’s strategy; he was initially responsible for XRP operations in China.

3. Old coins from 2017 like XVG, NEO, FUN,VET etc lead the surge.This bull market still has top ten spots occupied by old coins.The main forces in the market have avoided new VC coins which face maximum selling pressure whether they were speculating MEME before or old coins now.The market chose direction where resistance to price increase was minimum.
   
4. On-chain MOG,VIRTUAL ,CHILLGUY etc rise.MEME's MOG gets listed on US exchange.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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