{"id":19895,"date":"2024-11-12T14:15:44","date_gmt":"2024-11-12T14:15:44","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=19895"},"modified":"2024-11-12T14:15:44","modified_gmt":"2024-11-12T14:15:44","slug":"morning-wrap-12-11-2024","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=19895","title":{"rendered":"Morning Wrap (12.11.2024)"},"content":{"rendered":"<p>\ud83c\udf05 <strong>Morning Wrap (12.11.2024)<\/strong><\/p>\n<p>\ud83d\udcc8 The week has kicked off with <strong>major rallies across cryptocurrency markets<\/strong>.<br \/>\ud83d\udd38 <em>Bitcoin<\/em> is at a record-breaking <strong>$89,000<\/strong> \ud83c\udfc6, and <em>Ethereum<\/em> is holding around <strong>$3,300<\/strong>, its highest level since July. This morning, however, both have slowed, trading close to yesterday\u2019s closing levels. Remember, <em>bitcoin<\/em> surged as much as 10% yesterday!<br \/>\ud83d\ude80 <em>Dogecoin<\/em> is shining bright, up <strong>25%<\/strong>\u00a0today!<\/p>\n<p>\ud83d\uddd3\ufe0f <strong>Macro Calendar Highlights<\/strong>:<\/p>\n<p>\ud83c\udde9\ud83c\uddea German inflation data\ud83c\uddec\ud83c\udde7 UK labour market\u00a0report\ud83c\udde9\ud83c\uddea ZEW data from\u00a0Germany\ud83d\udce2 Multiple speeches by Fed bankers later\u00a0today<\/p>\n<p>\ud83c\udf0f <strong>Asian Markets<\/strong> are mostly down. Concerns over the economic outlook in China and ongoing trade tariffs are weighing on\u00a0indexes:<\/p>\n<p>\ud83c\udded\ud83c\uddf0 Hang Seng:\u00a0<strong>-3%<\/strong>\ud83c\uddef\ud83c\uddf5 Nikkei 225:\u00a0<strong>-0.6%<\/strong>\ud83c\uddf0\ud83c\uddf7 KOSPI:\u00a0<strong>-1.9%<\/strong><\/p>\n<p>\ud83c\udfd8\ufe0f In China, fresh discussions around new regulations: authorities may allow cities like <strong>Shanghai<\/strong> and <strong>Beijing<\/strong> to reduce property deed tax to <strong>1%<\/strong> (from up to\u00a03%).<\/p>\n<p>\ud83c\udde6\ud83c\uddfa <strong>Australia<\/strong>: Consumer confidence rose in November, supported by optimism around the Reserve Bank\u2019s rate cuts. Business confidence also increased, though business conditions remained\u00a0stable.<\/p>\n<p>\ud83d\udcb2 <strong>Market Sentiment<\/strong>: Trends from recent sessions are largely continuing. The <em>US dollar<\/em> remains strong, putting pressure on precious metals and\u00a0oil:<\/p>\n<p><strong>Silver<\/strong>: down <strong>1.2%<\/strong> and dipping below the 100-day\u00a0EMA.<\/p>\n<p><a href=\"https:\/\/medium.com\/coinmonks\/morning-wrap-12-11-2024-56575266b071\">\ud83c\udf05 Morning Wrap (12.11.2024)<\/a> was originally published in <a href=\"https:\/\/medium.com\/coinmonks\">Coinmonks<\/a> on Medium, where people are continuing the conversation by highlighting and responding to this story.<\/p>","protected":false},"excerpt":{"rendered":"<p>\ud83c\udf05 Morning Wrap (12.11.2024) \ud83d\udcc8 The week has kicked off with major rallies across cryptocurrency markets.\ud83d\udd38 Bitcoin is at a record-breaking $89,000 \ud83c\udfc6, and Ethereum is holding around $3,300, its highest level since July. This morning, however, both have slowed, trading close to yesterday\u2019s closing levels. Remember, bitcoin surged as much as 10% yesterday!\ud83d\ude80 Dogecoin [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-19895","post","type-post","status-publish","format-standard","hentry","category-interesting"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/19895"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19895"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/19895\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19895"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19895"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19895"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}