News

ChainCatcher News, according to Golden Ten Data, U.S. stocks closed higher on Friday, with the Dow Jones Industrial Average up 0.38%, the S&P 500 Index up 0.88%, and the Nasdaq Composite Index up 1.31%. Chip stocks performed strongly, with Nvidia (NVDA.O) rising nearly 4%, Broadcom (AVGO.O) up 3%, Intel (INTC.O) up 1.4%, and Micron Technology (MU.O) up nearly 7%. The Nasdaq Golden Dragon China Index rose 0.86%, a certain exchange rose 1.68%, and another exchange rose 3.5%.

PANews, December 20 — According to Coindesk, against the backdrop of the recent bitcoin price decline, Citigroup predicts that the price of bitcoin will reach $143,000 in the next 12 months, representing an increase of about 62% from the current price of $88,000. Citi analysts Alex Saunders, Dirk Willer, and Vinh Vo stated in a joint report: "We predict that, driven by digital asset-related legislation that may be introduced in the US in the second quarter, the adoption rate of digital assets will increase, and the active value of bitcoin users in the new year may be around $80,000 to $90,000." The analysts pointed out that $70,000 is a key support level, and due to renewed ETF demand and optimistic market expectations, the price could rise significantly. However, there is also a pessimistic scenario: in the context of a global economic recession, the price of bitcoin could fall to $78,500; in an optimistic scenario, due to increased investor demand, the price of bitcoin could rise to $189,000.

ChainCatcher News, according to Golden Ten Data, the Dow Jones Index closed up 183.04 points, or 0.38%, at 48,134.89 points on December 19 (Friday); the S&P 500 Index rose 59.82 points, or 0.88%, to 6,834.58 points; and the Nasdaq Composite Index increased by 301.26 points, or 1.31%, to 23,307.62 points.