Daily News | VIRTUAL led the AI ​​Agent Concept to Surge, AI16Z Hit A New Record High

Crypto Daily Digest: AI16Z hits new highs, Goldman Sachs lowers forecast for Fed rate cut this year to 75 basis points

According to data from Farside Investors, on Tuesday, the U.S. Bitcoin spot ETF saw a small net inflow of $5.3 million, of which BlackRock IBIT had a net inflow of $23.5 million, Fidelity FBTC had a net inflow of $36.8 million, and Grayscale GBTC had an outflow of $9.6 million; Ether The net inflow of spot ETFs was $36 million, of which Fidelity FETH had an inflow of $31.8 million and Grayscale ETH had an inflow of $9.8 million.

U.S. stocks were closed on Wednesday, so ETF inflow and outflow data for Wednesday were not updated.

The rise in tokens in the AI ​​sector continues, with GRIFFAIN, FAI, etc. continuing to hit record highs

According to Gate.io market information, today’s AI sector token rally continues, with ai16z, GRIFFAIN, and others continuing to hit record highs:

-The market cap of ai16z briefly exceeded $2.5 billion and is now trading at $2.45 billion, with a 24-hour increase of 35.98%;

-GRIFFAIN’s market cap briefly exceeded $470 million and is now trading at $446 million, a 24-hour increase of 17.05%;

-FAI’s market cap briefly exceeded $398 million and is now at $375 million, a 24-hour increase of 31.92%;

-’s market cap briefly exceeded $83 million and is now trading at $78 million, a 24-hour increase of 87.58%.

Bitcoin “selling pressure” pushes Coinbase premium index to 12-month low

CryptoQuant analyst Burakkesmeci said in a report, “Growing seller pressure in the U.S. market has significantly affected the Coinbase Premium Index, dragging it to a new 12-month low.”

The Coinbase Premium Index - a measure of U.S. retail demand for Bitcoin - fell to a 12-month low in late 2024, which analysts warned could pose a challenge to Bitcoin’s near-term price recovery.

On December 31, 2024, the index reached a low of -0.23. Burakkesmeci attributed this to “low liquidity in the market at the end of the year.” The last time the index reached this level was in January 2024, when a spot Bitcoin exchange-traded fund (ETF) was launched in the United States.

Goldman Sachs lowers forecast for Fed rate cut this year to 75 basis points

Goldman Sachs issued a report saying that its forecast for the Federal Reserve to cut interest rates this year has been reduced from 100 basis points to 75 basis points, and its reports of a rebound in underlying inflation have been greatly exaggerated. Core PCE inflation rose at an annualized rate of 2.5% from September to November last year, slightly higher than the 2.3% increase in the previous three months, but lower than the 2.8% year-on-year increase and still consistent with a continued decline.

The report also pointed out that the annualized PCE inflation, adjusted for average PCE inflation by the Dallas Fed, was 2.4% from September to November last year and 1.8% in November last year. As the labor market tightens back to 2017 levels, wage growth has slowed to an annual rate of 3.9%, in the 3.5 to 4% range, which would be in line with 2% inflation if productivity grows by 1.5 to 2% in the next few years.

Market Trends: VIRTUAL led the AI ​​Agent concept to rise, and FTM coin swap soared by 20%

Market Hotspots

-AI Agent sector tokens such as VIRTUAL, AI16Z, SWARMS, ELIZA, GOAT, etc. have generally surged. AI Agent concept tokens will lead the market in December 2024. This concept is expected to continue in this bull market and may lead to new A round of market trends; VIRTUAL has a current market cap of $4.8 billion and has become the well-deserved leading token in the AI ​​Agent concept;

-The public chain token FTM has soared nearly 20%. FTM is about to upgrade its brand to Sonic. The FTM token will also be swapped for Sonic’s token S at a ratio of 1:1. Gate.io has announced that it supports coin swap, and users on the platform do not need to do anything. Migration can be completed;

-The trending meme coin KEKIUS on the chain has plummeted, which may have been impacted by Musk changing his Twitter avatar back to his original name. The KEKIUS token on the Ethereum chain fell from a maximum market cap of $400 million to a current market cap of $85 million within a day.

Mainstream Coins

BTC rose slightly and was still consolidating around $95,000. BTCD fell slightly, and funds flowed into Altcoins;

ETH is consolidating at around $3,400, and it will take BTC to rise sharply before funds will choose ETH again;

Altcoins generally rose, the AI ​​Agent concept surged, and the Desci sector also performed well.

Macro News: U.S. stocks closed down collectively on Tuesday, and the three major U.S. stock indexes hit new highs repeatedly in 2024

On Tuesday, the three major U.S. stock indexes collectively closed down, with the S&P 500 falling 0.43% to 5,881.63 points; the Dow Jones index falling 0.07% to 42,544.22 points; and the Nasdaq falling 0.90% to 19,310.79 points. The benchmark 10-year U.S. Treasury yield is 4.58%, and the 2-year U.S. Treasury yield, which is most sensitive to the Fed’s policy rate, is 4.25%.

According to China Business News, the three major U.S. stock indexes will withstand the test in 2024 and hit new highs repeatedly. Among them, the Nasdaq 100 Index rose by 27% throughout the year, the S&P 500 Index rose by 24%, and the Dow Jones Industrial Index rose by 13%. Wall Street investment banks predict that the rally is expected to continue this year. Some commentators said that despite the sharp rise in U.S. stocks last year, Wall Street is still unanimously optimistic about the trend of U.S. stocks this year. The main reasons are: (1) Fundamentally, the U.S. economy is still in a state of high growth and low inflation; (2) An interest rate cut is a high probability event; (3) There may be no better choice in the investment market, and the European economy is still at risk, and Japan is still at risk due to the appreciation of the yen. There is some uncertainty. Therefore, even if the U.S. stock market faces the risk of too high valuation, it may be resolved by the rapid rise in corporate profits. In particular, the tax cuts and relaxed regulations of Trump 2.0 policy may be beneficial to the improvement of corporate profits. The risk of high valuation of U.S. stocks may Controllable.