Bitcoin (BTC) $97,963.4 It’s stalling at $98,200 and we’re almost halfway through December. A six-digit BTC price has seemed like a dream for years, but it happened this month. But cryptocurrency investors aim for more. The fact that the BTC price is stalling at $98,000 at the time of writing confirms this expectation in terms of market sentiment. So, what are the current market comments of cryptocurrency analysts for December 11?
December 11 Cryptocurrency Markets
An important US data will be announced today. october inflation After the bad data, there was concern in the markets about the discounts to be made in the next Fed meetings. Months later, rising inflation showed that the 2% target might be moved away and interest rate cuts might pause.
However, it is not possible for the Fed to change its position with a single data. That’s why it is extremely important today to see the direction of next November’s inflation data.
Comments of Cryptocurrency Experts
Focusing on yesterday’s Microsoft decision and other details, analysts wrote in their past comments that they were extremely hopeful for 2025. They are right about this because next year will be the period when Trump fulfills his promises on crypto. QCP Capital analysts wrote in today’s market notes;
“Bitcoin remained resilient at $97.5k, recovering from a modest 3% decline to $94.5k. Sales, Microsoft shareholders BTC This came shortly after the Treasury resolutely rejected a proposal to allocate 1% of total assets to BTC as an inflation hedge.
Despite MicroStrategy Chairman Michael Saylor’s efforts to sway opinion, Microsoft maintained its stance, citing concerns about BTC’s volatility.
MSTR, on the other hand, doubled its $2.1 billion BTC purchase last week, accumulating for the fifth week in a row. This move signals strong support for the downside and suggests more acquisitions are on the horizon, reinforcing their $42 billion strategy.
Crypto lobby has intensified its efforts against SEC Commissioner Caroline Crenshaw ahead of a Senate committee vote on her alleged anti-crypto stance. The timing of Crenshaw’s vote was labeled by Republicans as a last-minute effort to counter Trump’s agenda to recast the SEC as a pro-innovation, pro-business advocate for digital assets.
“The future of digital assets is at a turning point as the stage is set for a high-stakes war.”
cryptocurrencies If the Republicans can act as a whole, Trump can fulfill his promises and initiate the real rise period that the markets want. Inside sources (AXIOS Report) say that Trump cares about the BTC price and wants to see 150 thousand dollars.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
