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Key Events This Week #Cryptocurency #Crypto

📅Tuesday (12-12-2023)- #CPI Inflation Data at 8:30am EST

📅Wednesday (13-12-2023)- #PPI inflation Data at 8:30am EST

📅Wednesday (13-12-2023)- #FOMC rate hike and press conference at 2pm EST

📅Wednesday #FED Chair #Powell Press Conference

📅Thursday (14-12-2023)- Retail Sales at 8:30am EST
🔵#Bitcoin (BTC) remained above $42,000 early Monday

🔵Minor losses observed for leading #cryptocurrencies- #Altcoins such as #Ethereum (ETH), #Solana (SOL), #Ripple (XRP), #Litecoin (LTC), and #Dogecoin (DOGE) saw slight declines

🔵Market fear and greed index at 80 (extreme greed) per @CoinMarketCap data

🔵Positive sentiment towards cryptocurrencies, likely due to the holiday season boost

🔵BitTorrent (New) BTT emerged as the biggest gainer

🔵Kava (KAVA) recorded as the biggest loser

🔵 Global cryptocurrency market cap stood at $1.58 trillion & 24-hour loss registered at 3.40 percent at the time of writing
Cathie Wood's #ARKInvest Sells $49.2 Million Worth of Coinbase Stocks #Cryptonews

🔵ARK Invest, led by Cathie Wood, sold a significant amount of Coinbase (#COIN) shares on Friday—335,860 shares to be exact.

🔵The total value of the sale amounted to approximately $49.2 million, marking it as the largest single sale by ARK Invest since July.

🔵The reason behind the sale was ARK Invest's adherence to a target weight policy, limiting a single portfolio's exposure to a maximum of 10%. The recent surge in #Coinbase's stock price prompted this move.

🔵The surge in the value of Coinbase shares led ARK Invest to rebalance its portfolio by selling a portion of its holdings to maintain the desired balance and risk level within their #ETFs.
#BitcoinHalving Countdown

The Next #Bitcoin halving, anticipated to occur in April 2024 at block number 840,000, will reduce the #mining reward by half.

This event will decrease the reward for mining a new #block on the Bitcoin network from the current 6.25 BTC to 3.125 #BTC.
🔵#Bitcoin (BTC) dropped below $42,000; other major #cryptocurrencies like #Ethereum (ETH), #Solana (SOL), #Ripple (XRP), and #Dogecoin (DOGE) also experienced minor declines.


🔵KuCoin Token (KCS) gained the most, rising over 28% in 24 hours, while Terra (LUNA) suffered a 6% loss.


🔵Global #cryptomarket cap: $1.57 trillion, with a 0.54% 24-hour loss at the time of writing.