Major cryptocurrencies were trading mixed on Wednesday evening, on the optimism surrounding the potential approval of spot Bitcoin exchange-traded funds (ETFs) and the impact of the upcoming BTC mining reward halving.
| Cryptocurrency | Gains +/- | Price (Recorded 9:30 p.m. EST) |
| Bitcoin (CRYPTO: BTC) | +0.47% | $43,951 |
| Ethereum (CRYPTO: ETH) | -1.82% | $2,243 |
| Dogecoin (CRYPTO: DOGE) | +2.65% | $0.097 |
What Happened: Bitcoin, after experiencing an impressive surge of approximately 15% in the last 72 hours, is currently showing minimal fluctuations on Wednesday, with its price hovering close to $44,000 levels.
In other news, Binance founder Changpeng “CZ” Zhao’s guilty plea for violating the Bank Secrecy Act has been accepted by a federal judge. However, the judge has yet to determine whether Zhao can return to the United Arab Emirates prior to his sentencing in February.
The Labor Department released data indicating that private sector job creation decelerated in November, with wages experiencing their slowest growth in over two years, according to a report by payrolls processing firm ADP on Wednesday.
The report revealed that companies added a mere 103,000 workers during November, which was slightly lower than the revised figure of 106,000 recorded in October.
Top Gainer (24 Hour)
| Cryptocurrency | Gains +/- | Price (Recorded 9:30 p.m. EDT) |
| BitTorrent | +78.55% | $0.0000009157 |
| Helium | +71.20% | $5.44 |
| Beam | +16.25% | $0.016 |
The global crypto market cap has reached $1.60 trillion, marking a 1.18% increase in the last 24 hours.
U.S. stocks faced a decline on Wednesday as investors analyzed data showing a decrease in inflation and awaited the release of the jobs report.The S&P 500 witnessed a 0.39% drop, reaching 4,549.34, while the Nasdaq Composite experienced a 0.58% decline, settling at 14,146.71. This marked the third consecutive day of losses for the 30-stock Dow and the S&P 500, which hadn’t occurred since October for both indexes.
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Analyst Notes: Cryptocurrency analyst Michael Van de Poppe has an important reminder for investors: corrections in the market are inevitable, and when they occur, they will happen swiftly. “An approval of a spot Bitcoin ETF is the largest event in the past years, definitely. It doesn’t mean markets are going to be moving in a ballistic manner to…
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