{"id":30556,"date":"2024-12-19T08:24:18","date_gmt":"2024-12-19T08:24:18","guid":{"rendered":"https:\/\/zebpay.com\/in\/?p=30556"},"modified":"2024-12-19T08:24:23","modified_gmt":"2024-12-19T08:24:23","slug":"thursday-market-report-19th-december-2024","status":"publish","type":"post","link":"https:\/\/zebpay.com\/in\/blog\/thursday-market-report-19th-december-2024","title":{"rendered":"Thursday Market Report | 19th December 2024"},"content":{"rendered":"\n<p>The crypto market faced a sharp downturn as the Federal Reserve announced a 25 basis point cut to its benchmark policy rate while signaling fewer rate cuts than previously anticipated for 2025.<\/p>\n\n\n\n<p>Bitcoin dropped 4.6%, slipping to $98,802, while Ethereum fell 5.96% to $3,550 following Fed Chair Jerome Powell\u2019s press conference. The market\u2019s reaction reflects uncertainty surrounding future policy shifts, particularly with the incoming Trump administration\u2019s plans. Potential tariffs on imports, large-scale deportations of undocumented workers, and deficit-expanding economic measures have introduced new risks for investors, further weighing on sentiment.<\/p>\n\n\n\n<p><strong>ETH USDT Daily Chart:<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img decoding=\"async\" width=\"868\" height=\"412\" src=\"https:\/\/zebpay.com\/in\/wp-content\/uploads\/2024\/12\/Thursday-Report.jpg\" alt=\"\" class=\"wp-image-30557\" style=\"width:1120px;height:auto\" srcset=\"https:\/\/zebpay.com\/in\/wp-content\/uploads\/2024\/12\/Thursday-Report.jpg 868w, https:\/\/zebpay.com\/in\/wp-content\/uploads\/2024\/12\/Thursday-Report-300x142.jpg 300w, https:\/\/zebpay.com\/in\/wp-content\/uploads\/2024\/12\/Thursday-Report-768x365.jpg 768w, https:\/\/zebpay.com\/in\/wp-content\/uploads\/2024\/12\/Thursday-Report-150x71.jpg 150w\" sizes=\"(max-width: 868px) 100vw, 868px\" \/><\/figure>\n\n\n\n<p>ETH has a strong support at $3,500. If it holds and sustains above this level then we can expect the bulls to resume the up move.&nbsp;<\/p>\n\n\n\n<p><strong>BTC USDT Daily Chart:<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img decoding=\"async\" width=\"865\" height=\"410\" src=\"https:\/\/zebpay.com\/in\/wp-content\/uploads\/2024\/12\/Thursday-Report-1-1.jpg\" alt=\"\" class=\"wp-image-30559\" style=\"width:1120px;height:auto\" srcset=\"https:\/\/zebpay.com\/in\/wp-content\/uploads\/2024\/12\/Thursday-Report-1-1.jpg 865w, https:\/\/zebpay.com\/in\/wp-content\/uploads\/2024\/12\/Thursday-Report-1-1-300x142.jpg 300w, https:\/\/zebpay.com\/in\/wp-content\/uploads\/2024\/12\/Thursday-Report-1-1-768x364.jpg 768w, https:\/\/zebpay.com\/in\/wp-content\/uploads\/2024\/12\/Thursday-Report-1-1-150x71.jpg 150w\" sizes=\"(max-width: 865px) 100vw, 865px\" \/><\/figure>\n\n\n\n<p>BTC\u00a0 made a \u2018Doji\u2019 candle at the top of $108,353 which indicated indecision in trend and witnessed profit booking. $100,000 and $90,000 will act as a strong support for the asset.<\/p>\n\n\n\n<p>Unravel everything that you need for your crypto journey via ZebPay blogs. Get started today and join 6 million+ registered users on ZebPay!<\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-white-color has-vivid-cyan-blue-background-color has-text-color has-background has-link-color wp-element-button\" href=\"https:\/\/connect.zebpay.com\/account\/login?returnUrl=%2Fconnect%2Fauthorize%2Fcallback%3Fclient_id%3Deee7baaa-9d6c-43f1-9eb6-8174f62cd244%26redirect_uri%3Dhttps%253A%252F%252Fzebpay.com%252Fapp%26response_type%3Did_token%2520token%26scope%3Dopenid%2520profile%2520wallet%253Atransactions%253Aread%2520trade%253Aread%2520trade%253Acreate%2520wallet%253Aaddress%253Acreate%2520wallet%253Aaddress%253Aread%2520wallet%253Atransactions%253Asend%26state%3Dfcf813bfa285406cbf1a838575068e8f%26nonce%3Db0c46570c6a94af5b14e78921d8bf508\" target=\"_blank\" rel=\"noreferrer noopener\">TRADE NOW<\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The crypto market faced a sharp downturn as the Federal Reserve announced a 25 basis point cut to its benchmark policy rate while signaling fewer rate cuts than previously anticipated for 2025. Bitcoin dropped 4.6%, slipping to $98,802, while Ethereum fell 5.96% to $3,550 following Fed Chair Jerome Powell\u2019s press conference. The market\u2019s reaction reflects [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":30560,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[26],"tags":[310,16,311],"acf":[],"_links":{"self":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/30556"}],"collection":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/comments?post=30556"}],"version-history":[{"count":1,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/30556\/revisions"}],"predecessor-version":[{"id":30562,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/30556\/revisions\/30562"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media\/30560"}],"wp:attachment":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media?parent=30556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/categories?post=30556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/tags?post=30556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}