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Bitcoin Jumps to $43K, Altcoins and Stocks Ride High on Fed’s Rate Cut Projections
By late U.S. afternoon, BTC, the largest crypto asset, surged over $43,000, marking a nearly 5% climb from its earlier position below $41,000. Avalanche, Cardano, and Injective led with nearly 10% gains, propelling the CoinDesk Smart Contract Platform Index as the top-performing among CoinDesk’s crypto sectors. The Fed’s dovish projection triggered a substantial drop in bond yields and the U.S. dollar index (DXY), fueling a broad-market rally encompassing stocks and cryptocurrencies. Analytics Insight has listed the top 10 current cryptocurrency prices as of December 18, 2023.
Bitcoin- US$25,995.18 (Down by 1.89%)
Ethereum- US$1,649.45 (Down by 2.07%)
Tether- US$0.9997 (Up by 0.02%)
BNB- US$215.13 (Down by 2.25%)
XRP- US$0.5124 (Down by 1.56%)
USD Coin- US$0.9999 (Down by 4.65%)
Cardano- US$0.2615 (Up by 0.02%)
Dogecoin- US$0.06219 (Down by 5.30%)
Solana- US$20.62 (Down by 7.78%)
TRON – US$0.07653 (Down by 3.45%)
According to CoinMarketCap, the total crypto market volume over the last 24 hours is
US$51.09Bexperiencing a downfall of 2.41%.