All Eyes on the Fed: Digital Asset Holds Gains
Leonardo Larieira
Spotlight:
The digital asset market has shown remarkable resilience over the past week, signaling a gradual return of risk appetite among investors. Bitcoin (BTC) has successfully consolidated above the $90,000 mark, registering a 6.1% increase over the last seven days. This positive momentum extended to the broader market, with Ethereum (ETH) outperforming the leader by climbing 10.9% to reclaim levels above $3,000. Major altcoins also reflected this optimism, with Solana (SOL) rising 7.0% and BNB gaining 9.5%, suggesting a healthy rotation of capital and sustained interest in the wider ecosystem.
This price action is heavily supported by the latest U.S. macroeconomic data, specifically the Personal Consumption Expenditures (PCE) report—the Federal Reserve’s preferred inflation gauge. The Core PCE index came in at an annual rate of 2.8%, slightly below consensus, effectively giving the central bank a "green light" to ease monetary policy. With inflation stabilizing and jobless claims hitting a three-year low, the market is pricing in an 87% chance of an interest rate cut—according to the CME FedWatch Tool—during the upcoming Federal Reserve meeting scheduled for December 9th and 10th.
