News
Stay up to date on the latest crypto trends with our expert, in-depth coverage.
no_data1Bitget Daily Digest (Dec. 11)｜The Federal Reserve announced a 25 bps cut to the benchmark rate; Bitmine purchased 33,504 ETH; CBOE has approved the listing and registration of the 21Shares XRP ETF2Conflicted Fed cuts rates but Bitcoin’s ‘fragile range’ pins BTC under $100K3Full text of the Federal Reserve decision: 25 basis point rate cut, purchase of $4 billion in Treasury bills within 30 days
Flash
- 15:05U.S. officials to hold key consultations on the "Crypto Market Structure Bill"ChainCatcher News, according to crypto journalist Eleanor Terrett, U.S. senators will continue consultations on the "Cryptocurrency Market Structure Bill". In the afternoon, representatives from several leading industry companies will head to the White House to attend another meeting on market structure. Afterwards, the CEOs of Bank of America, Citi, and Wells Fargo will meet with senators to discuss the issue of restricting stablecoin issuers' affiliated companies from paying interest, as well as other outstanding issues.
- 15:00Analyst: Dovish Fed Stance Favors Risk AssetsJinse Finance reported that after Federal Reserve Chairman Powell expressed concerns about the labor market yesterday, Wall Street is increasingly betting that the Federal Reserve will cut interest rates twice or more in 2026. Scott Helfstein of Global X stated: "A dovish Federal Reserve should generally be favorable for risk assets, especially growth and cyclical stocks." He also pointed out, "As borrowing rates decline, industries related to the corporate investment cycle may also be in a favorable position." He added that the appeal of short-term bonds and gold may decrease slightly. "If short-term interest rates fall, long-duration bonds may attract more attention."
- 15:00Tom Lee predicts the S&P 500 will reach 7,700 points by 2026On December 11, it was reported that Tom Lee expects the S&P 500 index to reach 7,700 points by 2026, which would extend the bull market into its fourth year, representing an 11.8% increase. He believes that the "wall of worry" effect, strong technology growth driven by artificial intelligence, and the Federal Reserve's potential dovish policies are positive factors driving the market upward. In 2025, the S&P 500 index rose by 17%, with the communication services and technology sectors increasing by 33% and 27%, respectively. Lee is optimistic about the performance of the technology, artificial intelligence, cryptocurrency, materials, energy, and financial sectors in 2026.
News