Digital Currency includes companies involved in the creation, trade, and services of digital forms of money. It includes businesses that operate in blockchain technology, cryptocurrency mining, exchanges, digital wallets, and payment solutions.
HIVE Digital November 2024 Production Results: Bitcoin Holdings Values At $261M, Mining Capacity Reaches 5.3 EH/s
This week, the biggest variables in US stocks, bonds, and bitcoin.
Investors need to closely monitor the release of November CPI this Wednesday, which could be a "black swan" event that disrupts market expectations for a December rate cut by the Federal Reserve. Analysts suggest that if the CPI shows no significant increase in U.S. inflation, then a rate cut in December is highly likely. However, futures pricing indicates that the Fed may pause rate cuts at the January meeting next year.
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Bank of America Hartnett: The bubble in U.S. stocks and digital currency is intensifying.
Hartnett stated that the s&p 500 index and bitcoin have reached 6100 points and 100,000 dollars per ounce, respectively, indicating that a bubble has begun to form. If the s&p rises further to 6666 points (about a 10% increase from the current level), then the risk of an "overshoot" in the US stock market in early 2025 is very high.