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Will November Euphoria In Global Markets Continue?

Monday's Asian stock market had mixed results, as gold reached record highs above $2,100 at the beginning of a busy week filled with economic data that will test market bets on aggressive and early rate cuts from major central banks in 2019.

December 4, 2023

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Bitcoin Pierces $40,000 for the First Time Since May 2022

As the market awaits the possible approval of US spot Bitcoin exchange-traded funds and amid predictions of lower interest rates, Bitcoin approached $41,000, continuing the year's upward trend.

The largest digital asset continued its 2023 surge, with the token gaining 2.9% to $40,867. This brings its 2023 climb to 146%.

The last time Bitcoin reached this level was in April 2022, just before the collapse of the TerraUSD stablecoin, which sparked a $2 trillion bubble in digital assets.

As inflation declines, investors are becoming more and more certain that the Federal Reserve has had enough rate rises, shifting the emphasis to how much the Fed will probably lower rates next year.

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