The Crypto Assets market is experiencing severe Fluctuation, and Trump's remarks have drawn follow.

Macroeconomics and Market Trends

The US Producer Price Index for November ( PPI ) data exceeded expectations, rising 0.4% month-on-month and growing 3% year-on-year, reaching a recent high. This data indicates a rebound in inflation, raising concerns in the market about the future direction of the Federal Reserve's monetary policy. Although the market generally expects the Federal Reserve to keep interest rates unchanged at next week's meeting, the latest PPI data has increased uncertainty regarding the prospects for interest rate cuts in 2024.

As a result, the three major U.S. stock indices all experienced declines. The Dow Jones Industrial Average fell for the sixth consecutive trading day, down 0.53%; the S&P 500 index dropped 0.54%; and the Nasdaq Composite index decreased by 0.66%. Tech stocks performed poorly, with Nvidia and Tesla down 1.41% and 1.57%, respectively.

Crypto Assets Market Dynamics

The Crypto Assets market has experienced significant Fluctuation. The price of Bitcoin once broke through $102,000, but then quickly fell back down, influenced by the decline in the US stock market and PPI data, once again dropping below the $100,000 mark. The overall situation of the crypto market shows a general downward trend.

However, the decentralized finance ( DeFi ) sector has shown relatively strong performance. It is reported that a well-known project purchased a large amount of Ethereum ( ETH ), AAVE, and Chainlink ( LINK ), with a total value of approximately 74.9 million USD. Among them, Ethereum is the largest holding, which is seen as a positive outlook on Ethereum's potential and may be an early layout of the related parties' encryption strategy.

Industry Hot Events

1. An artist's creation of the Chill Guy image has fallen into controversy. The artist stated on social media that the image and rights of Chill Guy will never involve the encryption field and accused certain groups of profiting from his artwork without permission. Subsequently, the artist clarified that his social accounts had been hacked, and some radical statements were not made by him. The price of the CHILLGUY token briefly plummeted by 15% after the related news was released, but quickly rebounded. The community suspects this may have been a premeditated "wash trading" operation.

2. The travel agency Travala, which supports Crypto Assets payments, announced an annual revenue exceeding $100 million and launched a funding reserve strategy for its native token AVA and Bitcoin. This news garnered the attention and sharing of well-known figures in the industry, driving the price of AVA coin to surge by 342% in a short time, skyrocketing from $0.7647 to $3.38, setting a new high in nearly two years.

Emerging Project Focus

The $GWART project has launched an AI robot named GwartyGwartBot, which uses zero-knowledge Snark technology to attract user follow on social media with a unique perspective and humorous style. Although the development threshold for AI robots is relatively low, the project has reshaped social interaction in an innovative way, gaining widespread attention including from industry celebrities.

Sector Rotation Analysis

According to the latest data, the performance of various sectors in the Crypto Assets market is mixed. The DeFi and GameFi sectors have been relatively active recently, while the NFT and Layer2 sectors have been relatively quiet. Investors should closely follow market trends and adjust their investment strategies in a timely manner.