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<p>The U.S. Consumer Price Index (CPI) met expectations, solidifying the Federal Reserve&#39;s expectation for a rate cut next week. The Nasdaq, dominated by tech stocks, broke the 20,000 mark for the first time, while the Philadelphia Semiconductor Index also rose by 2.72%. Cryptocurrencies saw a broad rally, with Bitcoin once again surpassing the $100,000 threshold and Ethereum returning above $3,800.</p><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/16e3c32de8b64e619c27f77a52754e22.jpg" /><h2 id="header-0">CPI Meets Expectations, Fed Expected to Cut Rates Next Week</h2><p>The U.S. November Consumer Price Index (CPI) met expectations, showing a 0.3% increase from October and a 2.7% rise from the same period last year. Excluding the more volatile food and energy prices, core CPI increased by 0.3% from the previous month and by 3.3% year-over-year. Investors anticipate that the November CPI data will keep the Fed on the path to rate cuts at next week&#39;s meeting. Economists believe this data indicates progress on inflation, although it remains somewhat sticky. According to the CME FedWatch Tool, a staggering 98.4% of traders expect the Fed to announce a rate cut at the December 18 meeting. However, the path for rate cuts in 2024 is expected to be more moderate.</p><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/cbc727b3669342608a88060b5a5ff4fd.jpg" /><h2 id="header-1">Bitcoin Returns to $100,000, Cryptocurrencies Surge</h2><p>Bitcoin has returned to an upward trajectory, reaching $101,888 this morning with a 24-hour gain of nearly 5%. According to data from the crypto tracking plaㄋtform Arkham, ETFs managed by financial giants BlackRock and Fidelity have purchased $500 million worth of Ethereum in the last two days, pushing ETH back above $3,800. Brad Garlinghouse, CEO of cross-border payment company Ripple, confirmed that the New York Department of Financial Services (NYDFS), the state&#39;s top crypto regulator, has officially approved Ripple&#39;s new stablecoin, RLUSD. Tokens related to Ripple Labs, like XRP, continued to rise, with all top ten cryptocurrencies showing significant gains.</p><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/2f2e72558f894c1ca0ae8cb489455b65.jpg" /><p><strong>Disclaimer: None of the information contained here constitutes an offer (or solicitation of an offer) to buy or sell any currency, product or financial instrument, to make any investment, or to participate in any particular trading strategy.</strong></p><p></p><p></p><p></p>

[Bitop Review] CPI Meets Expectations, Nasdaq Breaks 20,000, Cryptocurrencies Surge

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