Bitcoin Jumps to $43K, Altcoins and Stocks Ride High on Fed’s Rate Cut Projections

By late U.S. afternoon, BTC, the largest crypto asset, surged over $43,000, marking a nearly 5% climb from its earlier position below $41,000. Avalanche, Cardano, and Injective led with nearly 10% gains, propelling the CoinDesk Smart Contract Platform Index as the top-performing among CoinDesk’s crypto sectors. The Fed’s dovish projection triggered a substantial drop in bond yields and the U.S. dollar index (DXY), fueling a broad-market rally encompassing stocks and cryptocurrencies. Analytics Insight has listed the top 10 current cryptocurrency prices as of December 18, 2023.

Bitcoin- US$25,995.18 (Down by 1.89%)