From coindesk By CoinDesk Indices
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.
The CoinDesk 20 is currently trading at 3298.82, up 2.9% (+92.48) since yesterday's close.
Nineteen of 20 assets are trading higher.
Leaders: XRP (+9.4%) and XLM (+6.1%).
Laggards: APT (+0.0%) and ADA (+0.3%).
The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.
market shows BTC breaking through $90,000, currently at $90,009.99, the 24-hour decline narrowed to 0.57%, market volatility is high, please manage your risk properly.
according to data monitored by Farside Investors, the US spot Bitcoin ETF had a net inflow of 54.8 million USD yesterday.
according to data monitored by Farside Investors, the US spot Ethereum ETF had a net outflow of 75.2 million USD yesterday.
according to economists surveyed, Federal Reserve officials are expected to vote next week to cut interest rates again to guard against the rising risk of a sharp deterioration in the labor market. The median of respondents shows that the Fed is expected to implement two more 25 basis point rate cuts within the year starting from March 2026. Next week's rate cut will continue the momentum of rate cuts from the policy meetings in September and October. A considerable majority also expect Fed officials to once again reiterate the statement that "the downside risks to employment have increased in recent months," as they did in October. The Federal Reserve will announce its decision at 2 PM Washington time on December 10, followed by a press conference held by Chairman Jerome Powell.
Bank of America stated the market may soon price in the Federal Reserve's rate cut expectation in January. (Jin10)
He Lifeng, China's lead for China-US economic and trade relations and Vice Premier of the State Council, held a video call with the US leads, Treasury Secretary Janet Yellen and Trade Representative Katherine Tai. The two sides had in-depth and constructive exchanges on implementing the important consensus reached by the Chinese and US heads of state at the Busan meeting and the November 24 call, focusing on carrying out pragmatic cooperation and properly addressing mutual concerns in the economic and trade field. Both sides positively evaluated the implementation of the outcomes of the China-US economic and trade consultations in Kuala Lumpur, stating that under the strategic guidance of the two heads of state, they will continue to make good use of the China-US economic and trade consultation mechanism, continuously extend the cooperation list, reduce the list of issues, and promote the sustained, stable, and positive development of China-US economic and trade relations.
Director of the White House National Economic Council, Hassett, stated: He has not discussed the Federal Reserve Chair (candidate) issue with U.S. President Trump and supports Bassett's views on the Federal Reserve Chair.
White House National Economic Council Director Hassett stated: It is time for the Federal Reserve to cautiously cut interest rates.
yield on the US 10-year Treasury rose 2 basis points to 4.12%, reaching a new high since November 2020.
social media platform "X" was fined 120 million euros by the European Union for violating content regulations. The European Commission stated that X violated three provisions of the Digital Services Act and gave X 60 days to provide a solution and 90 days to implement it. (Jin10)
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