Market dynamics on December 18: BTC and altcoins plummet with U.S. stocks; December rate cut by 25 basis points, next year's cuts fewer than expected
I. Market Dynamics
1. BTC plunges following a significant drop in U.S stocks, with altcoins also experiencing a sharp decline. Historically, gold often emerges in Europe and America around Christmas.
2. U.S stocks plummeted. The Federal Reserve hawkishly proceeded with its scheduled interest rate cut of 25 basis points in December, but the guidance for next year is to cut rates twice, far less than the market's expectation of four times.
II. Market Focus
1. Stablecoin USUAL opens higher. USUAL collaborates with ENA and takes advantage of the situation to launch new mines with an annual yield of 70%. Stablecoins can simultaneously mine contract returns and national debt returns. This round of DEFI innovation mainly focuses on stablecoins and on-chain exchanges.
2. MEME's PENGU surges strongly after cultivating community culture for four years; more diamond hands are seen.
3. The on-chain AI ARC soars high as it plans to create a coin pair trading platform similar to VIRTUAL's platform.
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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