4E: BTC December bullish sentiment is strong, this week 'non-farm payrolls + Powell' will set the tone for year-end rate cuts

ChainCatcher news, the rise of the 'Trump trade' in November has become the dominant factor driving global market trends. According to 4E monitoring, last week all three major US stock indexes rose, with weekly gains exceeding 1%. In November, the Dow rose by 7.5% and the S&P rose by 5.7%, achieving the largest monthly gains this year, while the Nasdaq rose by over 6%, and large-cap tech stocks rose in general. TSL had its best performance in nearly two years, with a cumulative rise of over 38% in November, and Nvidia rose by 179.23% year-to-date. So far this year, the S&P 500 has risen by over 27%, compared to a rise of 24% last year, causing different views on the outlook for the US stock market. The encryption market performed well in November, attracting widespread attention worldwide. BTC rose by over 37% for the month, and Ethereum rose by a staggering 54%. Altcoins saw significant gains at the end of the month, with market share expanding continuously. BTC's market dominance has fallen by 8.15% since the peak of this bull market on November 21st, with the total market cap of altcoins rising nearly 70% in November. Historical data shows that BTC has shown significant monthly gains in December during halving years, coupled with the fact that a majority of the Trump administration are cryptocurrency investors, creating a strong bullish sentiment in the market. In the forex market, the US dollar fell by 1.67% last week, ending an eight-week rising streak, and has risen by a cumulative 1.72% in November. The 'Trump trade' boosted the US dollar in November, impeding the rise of gold, leading to selling pressure after the election. Spot gold fell by approximately 3.7% in November, marking the largest monthly decline since September last year. Oil prices continued to decline last week, with a weekly decline of over 3%. In recent weeks, investors have focused on Trump's many economic policies, but at the same time, the changing expectations for Fed rate cuts have become more delicate. Although the market expects a higher probability of continued rate cuts in December, the space for rate cuts in 2025 is continuously decreasing. The 'near-term increase, long-term decrease' phenomenon largely reflects anxiety about resurgent inflation under Trump's future governance. This Thursday's Powell speech and Friday's non-farm payroll data will largely set the tone for year-end rate cuts. eeee.com is a financial trading platform that supports cryptocurrency, stock indexes, bulk gold, and forex assets. It recently launched a USDT stablecoin investment product with an Annual Percentage Rate of 5.5%, providing potential hedging options for investors. 4E reminds you to pay attention to market fluctuations and allocate assets reasonably.