Bitcoin Price and Ethereum Prediction; Get Ready for Today's US CPI Figures
Bitcoin is steady on December 13 during the Asian session after regaining bullish momentum above the $17,000 level. Similarly, Ethereum has followed suit, gaining control above $1,272 as investors await the US CPI figures, which are scheduled for 13:30 GMT.
The global crypto market cap increased 0.27% to $848.96 billion in the previous day, as major cryptocurrencies traded in the green early on December 13. The total crypto market volume in the last 24 hours has increased by 29.04% to $35.10 billion.
DeFi's total volume is currently $2.13 billion, accounting for 6.06% of the total crypto market 24-hour volume. The total volume of all stablecoins is now $33.82 billion, accounting for 96.35% of the total 24-hour volume of the crypto market.
Let's take a look at the top 24-hour altcoin gainers and losers.
The final significant piece of economic news before the Fed meeting, November inflation data, is expected to show easing price pressures. Indicators point to a 0.3% increase over the previous month, which is slightly slower than the 0.4% increase seen in October.
On an annualized basis, inflation is expected to fall from 7.7% to 7.3%. Much more work is needed to reduce inflation, but the trend is positive for the time being.
The DFINITY Foundation created the Internet Computer (IC), the first public blockchain designed for the internet. The IC mainnet has announced its integration with Bitcoin, making state-of-the-art smart contract capability available on the world's most popular cryptocurrency.
It's possible that the Internet Computer will soon serve as Bitcoin's Layer 2, enabling smart contracts to store, send, and receive bitcoin directly without going through any blockchain bridges. It provides a reliable foundation for
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