Economic Events
* 04/12: Fed Chair Powell Speaks – 6:45 pm
* 11/12: CPI – 1:30 pm
* 12/12: PPI – 1:30 pm
* 17/12: Core Retail Sales – 1:30 pm
* 18/12: Federal Funds Rate – 7 pm 25bps cut expected
* 18/12: FOMC Press Conference – 7:30 pm
* 19/12: Final GDP – 1:30 pm
* **23/12**: CB Consumer Confidence – 3 pm
Crypto Events
– 04/12: Eden $EDN token IDO on Poolz
– Wormhole $W staking rewards goes live
– MagicEden $ME airdrop checker release
– World of Dypians $WOD on Trust Wallet launchpool, lock $TWT earn $WOD
– 05/12: LTO Network release $LTO universal wallet for managing and creating assets, with seamless functionality across iOS and Android
– Gala $GALA Film’s official utility token launches on December 5th, with $FILM rewards for all sorts of platform users
– Burnt $XION airdrop and TGE
– Stellar $XLM mainnet upgrade vote starts
– 06/12: SynFutures DEX on Base airdrop and TGE $F on Gate and Bybit
– $OMNI private mainnet launch
– 07/12: $JTO unlocks $500M – looking for a long entry above the $3.90 area or if it reaches the $3.20 area
– 09/12: Secret Network $SCRT launches SilentSwap.com, The privacy cross chain aggregator
– Bitcoin MENA Abu Dhabi UAE
– 10/12: Microsoft company starts voting for investing in Bitcoin by investors
– MagicEden $ME airdrop and TGE
– Binance Will Delist GFT, IRIS, KEY, OAX, REN
– 11/11: $APT unlocks $170M – still looks bullish, up 90% from the last report position and still holding, moved SL to BE, $14 area could be another potential long entry
– 12/12: aelfblockchain $ELF first halving
– $NYM $1M Buyback from market
– Global Blockchain Show 2024 Dubai UAE
– 15/12: Snapshot for Wise Monkey (MONKY) Airdrop to FLOKI (FLOKI), TokenFi (TOKEN) and ApeCoin (APE) Holders
– 16/12: $ARB unlocks $110M – up 130% from the last reports position and still holding, moved SL to BE
– $STX Stacks Core Development entity Bitcoin L2 Labs shared an update on optimizing Stacks Nakamoto for lower latency and higher bandwidth
– Avalanche $AVAX biggest network update on mainnet
– 18/12: Sophon release mainnet and $SOPH token
– 19/12: Coinbase will suspend trading for wBTC
– 25/12: Bonk inu burn 1 trillion $BONK
– 01/01: $SUI unlocks $250M – watching for a potential long entry above the $3.88 area
Expected:
– OpenSea launch the new version
– Sonic mainnet and $S TGE
– $MOVE TGE and airdrop
Market Overview:
Overall the market remains bullish. The Federal 25 bps rate cut in November has injected liquidity into risk assets like last time and another 25 bps rate cut expected this December could support this upward trend. brings the total rate cuts in 2024 to 100 points.
With Trump winning the election, regulatory pressure on crypto from the SEC is likely to decrease a lot, looking for an extraordinary bull market cycle. This cycle could be different from the typical bull vs bear crypto timelines we’ve seen in the past too.
We may also see an increase in crypto ETFs for blue chip coins like XRP, SOL, AVAX, HBAR and LINK…
The growing strength of memes narrative suggests the possibility of the first ever meme ETF in crypto too.
Also pay attention to the Base ecosystem as Trump is planning to meet Coinbase CEO Brian Armstrong.
When Alt Season?
Alt season could kick off once TOTAL3 breaks through its current level at ATH resistance. If this happens we may see one of the most explosive alt seasons in crypto history.
$TOTAL: successfully formed and broke through the bullish pattern we mentioned last month, looking for next target at $4.8 Trillion area.
$DXY: it went up unexpectedly last month but still seems to be at resistance at the moment and the pattern is still bearish overall.
$SPX: still reaching new highs as expected and confirmed a major breakout several weeks ago.
By. Rema