Crypto roundup for Monday portrays the market’s cautious optimism amid a light calendar and the year-end consolidation.
Notably, the Bitcoin price (BTC) posts a four-day winning streak, up more than 1.0% to $90K by press time. The gold price renews its all-time high around $4,430, while the U.S. Dollar Index posts its first daily loss in four.
Starting with the data, the Chicago Fed National Activity Index for September improved to -0.21, from a revised down -0.31 prior figure.
Meanwhile, Federal Reserve Governor Stephen Miran reiterated his dovish bias during a Bloomberg TV interview while saying, “The need to dissent and push for another 50 basis point cut has diminished somewhat.”
On a geopolitical front, Israel raised concerns with the U.S. President Donald Trump’s administration over recent Iranian missile activity, with the Islamic Revolutionary Guard Corps allegedly targeting Israel.
It’s worth mentioning that Treasury bond yields edged higher in Japan and the U.S., but retreated in Germany and the UK, portraying a mixed picture for the market sentiment.
Crypto, Equity Update
Major cryptocurrency coins remain modestly firmer, extending the weekend gains, as Monday’s trading bell rings in New York.
Bitcoin (BTC), Ethereum (ETH), and Cardano (ADA) rise more than 1.0% each, while Ripple (XRP), Binance Coin (BNB), and Solana (SOL) print mild gains of around 0.50% at the latest.
On a broader front, the crypto market capitalization (market cap) rise 2.0% on the day to $3.03 trillion, while the Bitcoin Dominance rises to 59.2% from 59.0% during the last 24 hours, according to CoinMarketCap data.
That said, some of the top crypto news are as follows, while more updates like this could be traced to our Coin Bytes.
Kaspersky, a global cybersecurity company, raised the market’s fears while warning about a new information-stealing program called Stealka. The malware was first identified in November and spreads through pirated Windows software and game modifications, and is used to drain crypto wallets, hijack online accounts, and install a crypto-miner on victim machines.
Read More: Cybersecurity Company Kaspersky Warns Gamers and Crypto Users about Stealka!
The U.S. Federal Reserve (Fed) sought public opinion about a planned “payment account,” termed a “skinny master account,” which is appealing to fintechs and crypto firms because it would give access to the central bank without the requirement for traditional approvals.
Elsewhere, Indonesia’s Financial Services Authority (OJK) released a formal list of 29 certified cryptocurrency platforms that are legally permitted to operate in the nation. The list will serve as an authoritative reference for users to determine whether a provider is lawfully licensed before trading.
Talking about equities, Wall Street benchmarks post mild gains amid a holiday mood as Christmas approaches. That said, the Dow Jones, the S&P 500, and the Nasdaq Composite all rise around 0.50% each by the press time.
On Friday, the U.S. equity benchmarks paid a little heed to the $7.1 trillion in options expiry amid upbeat performance of technology shares, even as the weekly performance was mixed, with the Dow Jones posting mild losses, but the Nasdaq and the S&P 500 both marked weekly gains.
- Gold hits a record high around $4,430, extending the previous two-week uptrend.
- Bitcoin (BTC) posts a four-day uptrend, up nearly 1.0% intraday to $90,000 at the latest.
- Ethereum (ETH) also rises around 1.0%, extending the weekend rise to $3,035 as we write.
- U.S. Dollar Index (DXY) snaps three-day uptrend, posting modest daily losses around 98.30 as we write.
- U.S. equity benchmarks are mildly positive, as the Dow Jones, the S&P 500, and the Nasdaq Composite all rise around 0.50% each by the press time.
- WTI Crude Oil jumps over 2.0%, up for the second consecutive day, to hit a week’s high around $57.90 by press time.
Markets Look to Build on Early-Week Direction
Given the holiday mood and a light calendar for Monday, traders may see a continuation of the latest modestly positive sentiment. Still, geopolitical tensions between Israel and Iran, combined with Fed policy expectations and Trump-related updates, may offer intermediate moves during a typically quiet Christmas-shortened week.
As a result, the U.S. dollar could face mild losses, while cryptocurrencies and equities are likely to edge higher. Meanwhile, Gold is likely to remain firmer, while crude oil could keep the latest gains amid supply-crunch fears.
Also read: Crypto Weekly Price Prediction: BTC Consolidated below $90K amid Holiday Season!
