The US annual inflation rate increased for the second consecutive month, reaching 2.7% in November 2024, up from 2.6% in October, aligning with forecasts. The rise reflects partially the low base effects from the previous year.
Food costs were up 2.4% compared with one year ago, after increasing by 2.1% YoY last month.
Energy costs decreased by 3.2% YoY, after decreasing by 4.9% YoY in September. Energy prices increased by 2.2% on a MoM base.
Us...

From the 12-hour candlestick chart, bitcoin broke through the upper boundary of the converging triangle, retraced, and then broke through the key level of $0.1 million. Structurally, as long as bitcoin does not show weakness, it is expected to continue to push upwards. Compared to bitcoin's strength, the price of ethereum is relatively weak, still about $1200 away from the all-time high of 4880.
However, from the trend perspective, ethereum has completed the exchange of support and resistance, retraced to confirm around $3520 support. With bitcoin reaching $0.1 million, ethereum is expected to see a rebound, hoping it can break through the all-time high.
As for other altcoins, as bitcoin rises, it gathers a lot of market liquidity, causing most altcoins to be in a downtrend. When the market takes liquidity away from bitcoin and enters a period of bitcoin consolidation, it will herald the altcoin season of this bull market. Personally, I think meme coins and AI projects will be key players in this crypto bull market.
—— The Trader Funds Trader's Perspective