CryptMarket Analysis — 12-09-18
The crypto market momentum remains robust as Bitcoin breaches $114,000 and U.S. spot Bitcoin ETFs record inflows of $757.1 million, the highest in eight weeks. This surge comes after cooler-than-expected U.S. Producer Price Inflation (PPI) data, fueling speculation that further macroeconomic improvements could sustain the rally. Additionally, the overall crypto market capitalization has risen by 1.4% to $4.06 trillion, with 90 of the top 100 coins posting gains over the past 24 hours—highlighting a broad-based bullish sentiment driven by favorable economic data and strong institutional interest.
Looking ahead, traders are closely watching upcoming CPI figures and Fed policy signals, which could either reinforce the bullish trend or trigger volatility. Continued ETF inflows, coupled with macroeconomic optimism, signal short-term upward momentum, but potential regulatory updates and lasting inflation concerns warrant caution despite the current euphoria.