Market dynamics on December 12: BTC rebounded sharply, altcoins generally rose, and November CPI inflation data boosted expectations for the Federal Reserve to cut interest rates next week

1. Market dynamics

- BTC rebounded sharply, and altcoins generally rose. The main line of the market has returned to hype AI, MEME and new public chains.

- U.S. stocks rose to new highs. November CPI inflation data boosted expectations for a rate cut by the Federal Reserve next week.

2. Market focus

- TURBO, CTXC, GOAT, ACT, AI16Z, VIRTUAL, FARTCOIN, etc. in the AI ​​sector have surged. Many AI MEMEs such as AI16Z, FARTCOIN, etc. have reached new highs. Exactly in line with the rhythm of the US stock market, after the market has finished hyping the AI ​​hardware infrastructure, it has begun to speculate on AI software applications. The logic is similar to that after hyping Apple’s mobile phone hardware, it starts to hype mobile games and other apps.

- MEME’s PNUT surged and was listed on the US exchange. The space is open, and the market value is likely to benchmark PEPE's tens of billions market value.

- The public chain SUI has surged, and the ecological CETUS and others have followed suit. SUI launches global accelerator program.

- New currency ORCA, ACX and other oversold rebounds. However, the VC coins ME and MOVE on the exchange have a trend of slowly falling by half after inserting the pin upward. The market value of DEFI's new currency HYPE has reached a new high, reaching a market value of US$16 billion.