Bitcoin

Tesla tokenized stock Bittrex

Tesla tokenized stock Binance

<p>The U.S. stock market was once again led by the seven major companies, with Tesla, Alphabet, Amazon, and Apple all hitting new highs, driving the Nasdaq index to create a new record. Among them, Tesla (TSLA) surged by 6.14% to $463.02 per share. Bitcoin also soared to $107,793 yesterday, setting a new all-time high.</p><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/737acfcaa4a246f08383a0072f866372.jpg" /><h2 id="header-0">Market Focus on Fed&#39;s Interest Rate Decision</h2><p>The Federal Reserve will hold its interest rate decision meeting this week from December 17 to December 18, with Chairman Powell hosting a post-meeting press conference at 3 am Beijing time on December 19.</p><p>According to the CME FedWatch tool, 95.4% of investors expect the Fed to cut rates by 25 basis points this week, bringing the federal funds rate down to 4.25-4.50%. This figure is slightly down from yesterday&#39;s 98.4%, and the approach of 2025 along with the incoming Trump administration&#39;s threat of imposing tariffs, which could lead to import-related inflation, might make officials hesitant about taking further action. The market generally expects only a two-rate cut next year, far less than the four cuts projected in the September dot plot. The market will closely scrutinize the dot plot released this time and Chairman Powell&#39;s post-meeting statements for any hints about next year&#39;s rate path.</p><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/2d992ddf1fd54779b738bb664a48d94d.jpg" /><h2 id="header-1">MicroStrategy Buys More Bitcoin</h2><p>MicroStrategy announced the purchase of an additional 15,350 BTC, costing approximately $1.5 billion. As of December 15, 2024, MicroStrategy has acquired 439,000 BTC at a total cost of about $27.1 billion, with an average cost of $61,725 per bitcoin.</p><p>MicroStrategy has been officially included in the Nasdaq 100 index, effective before the market opens on December 23, although its stock closed 0.042% lower at $408.50 yesterday.</p><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/43340ff3bc964c97a788b0e55d11702b.jpg" /><h2 id="header-2">Bitcoin Reaches New High of 107K, Tesla Surges 6%</h2><p>Bitcoin soared to $107,793 yesterday, setting a new all-time high.</p><p>Reports suggest that the Trump transition team has recommended ceasing the requirement for automakers to report data on autonomous driving accidents, leading to Tesla (TSLA) surging by 6.14% to $463.02 per share. Mizuho Financial believes that Tesla&#39;s stack of autonomous driving software is moving towards widespread commercialization, and a more lenient regulatory framework will provide room for growth in the autonomous driving sector, raising Tesla&#39;s target price from $230 to $515.</p><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/ba994687486f4199870e43f283cc4100.png" /><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>

[Bitop Review] Bitcoin Hits New High at 107K, Trump's Trading Impact, Tesla Soars 6% to New High

Table of Contents

Bitop Exchange

Other articles published on Dec 17, 2024

Coinjay.com Unveils Next-Generation Cryptocurrency Exchange Platform

Binance Alpha platform launches with spotlight on emerging tokens

Elon Musk's Policy Coin BabyBoomToken (BBT) Offers Blockchain-Based Incentives to Address Declini...

South Korea Hits Record $34B in 24-Hour Crypto Trading Volume Amid Emergency Martial Law

Why is Ripple XRP price up today?

Released with Great Hype: Developers Allegedly Dumped Big on This Altcoin

Join our free newsletter for daily crypto updates!