The crypto is showing signs of resilience this week, with Bitcoin remaining above the key resistance level at $92,000 and Ethereum stabilizing above $3,200. Additionally, the Crypto Fear and Greed Index has continued rising in the past few weeks, moving from a low of $8 to $28. This article explores some of the best crypto to buy today as a bull run brews.

Best crypto to buy now ahead of the next bull run 

In a sea of millions of cryptocurrencies, selecting the best one to buy can be challenging. Still, analysts recommend buying quality blue-chip tokens that have staying power. Some of the best crypto to buy now and hold are Ethereum (ETH), Chainlink (LINK), and Ripple (XRP).

Ethereum (ETH)

Ethereum is the best crypto to buy now and hold because of its strong technicals and fundamentals, which we covered in a recent report.

The network has become the most important one in the crypto industry, where it is powering all emerging technologies. It has a big market share in the decentralized finance (DeFi), Real-World Asset (RWA) tokenization, and non-fungible tokens (NFT) industries.

For example, its dominance in the RWA industry has jumped to over 78% even as more networks have entered the game. Some of the most notably ones are Monad, Midnight, and Plasma.

Ethereum has continued to evolve through regular upgrades, the most recent one being Fusaka, which was launched last week. This growth has made it faster and cheaper than most players in the crypto industry.

Ethereum price will also benefit from the growing treasury purchases, especially by BitMine Immersion, which has boosted its buying frenzy to over 3% of the supply.

Most importantly, the supply and demand dynamics mean that the network will continue growing in the coming years. For example, the rising demand has happened at a time when the supply in exchange has dropped, leading some analysts to predict that there will be a supply crisis soon.

Therefore, Ethereum is a good crypto to buy as its growth and market share will continue fueling demand for the coin.

Chainlink (LINK)

Chainlink is another top crypto to buy now because of its role in the crypto industry, where it provides important solutions to hundreds of companies.

Chainlink is the biggest oracle in the crypto industry, where it offers key solutions like data feeds to large players in the industry like Uniswap and Aave. Its total value secured has jumped to over $60 billion, making it much higher than its competitors.

Chainlink has also evolved to become a major player in the RWA industry, where its cross-chain interoperability protocol (CCIP) has become a pivotal player in the sector. It now has partnerships with some of the biggest companies in the world, like JPMorgan, Coinbase, and UBS Bank.

Additionally, as the chart below shows, the supply of LINK tokens in exchanges has continued falling in the past few weeks, a sign that investors are moving their tokens out of exchanges. Some of this demand is coming from the recently launched LINK ETF and the Strategic LINK Reserves.

Ripple (XRP)

XRP is another top crypto to buy now as its role in the financial services industry grows. For example, Ripple USD (RLUSD), its stablecoin, has accumulated over $1.3 billion in assets, a year after it was launched.

This role will continue growing after the company made four big acquisitions this year, including GTreasury, Rail, Hidden Road, and Palisade.

XRP price will also benefit from the ongoing demand from American investors. Data shows that the cumulative total inflows have jumped to over $970 million, while the total net assets have moved to $929 million.

There are other potential blue-chip crypto tokens to buy and hold today, including the likes of Solana (SOL), Binance Coin (BNB), Zcash (ZEC), Tron (TRX), and Hyperliquid (HYPE).

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Canopy Growth stock price staged a strong comeback in the pre-market session as investors cheered the latest news on cannabis rescheduling. CGC jumped by over 35% to $1.530, pushing its market cap to over $400 million. So, will the stock’s gains hold?

Canopy Growth stock jumps amid rescheduling news

Canopy Growth is one of the biggest players in the crypto industry, where it offers brands like Tweed, Tokyo Smoke, Deep Space, Doja, and Ace Valley.  It also owns Spectrum Therapeutics, its medical cannabis brand. 

The CGC stock price is in a strong uptrend after the media reported that Donald Trump was considering rescheduling cannabis into a less dangerous drug, continuing a process that Joe Biden started.

Such a move would be highly beneficial to Canopy Growth and other companies in the industry. This explains why cannabis stocks like Tilray Brands and Green Thumb Industries are soaring. The closely-watched MSOS ETF jumped by over 30% in the premarket session. 

This is not the only time that Donald Trump has fueled gains in the cannabis industry. Mid this year, he pushed the CGC stock price to a high of $1.93 from a low of $1.02 after revealing that he was considering rescheduling marijuana. It then soared after he promoted CBD for senior citizens on Truth Social, its social media platform. 

A cannabis rescheduling would be a good thing for Canopy Growth, as it would make it easy to do business in the United States. It would also simplify how it does business and its banking operations. 

Canopy Growth business is sending mixed signals

The most recent results showed that the company’s business was sending mixed signals. Its revenue rose by 6% in the second fiscal quarter to $67 million, a sign that its demand was steady. 

Most of this growth was from the cannabis business, whose revenue rose by 12% to $51 million. Canada’s adult-use and medical cannabis revenue soared by double digits, while its international markets dropped. 

On the other hand, the Storz & Bickel revenue dropped by 10% to $16 million, which the management blamed on the growing economic uncertainties. 

There were other potential catalysts in the report. For example, the company’s balance sheet improved, with its cash and short-term investments rising to over $298 million. Its long-term debt dropped from $299 million in March to $226 million. 

However, the company’s balance sheet improvement has coincided with the soaring outstanding shares. Its shares jumped to 332 million from a low of 129 million in January. An increasing number of outstanding shares normally leads to dilution, which reduces the earnings per share.

CGC stock price technical analysis

The daily chart shows that the Canopy Growth stock price dropped from a high of $1.93 to a low of $1.02. It then rebounded to $1.40, its highest level since October. 

The rebound happened as the stock formed the highly bullish double-bottom pattern at $1.02. This is one of the most bullish patterns in technical analysis. It also formed a bullish divergence pattern. 

Therefore, the stock will likely have a strong bullish breakout as expectations of rescheduling continues. This means that the stock may hit the resistance at $1.50. 

However, the rebound may maintain its volatility as the rescheduling debate continues. A drop below the support at $1.02 will invalidate the bullish outlook.

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Broadcom stock price suffered a 5% reversal on Friday, a day after the company published strong financial results, and analysts remained optimistic about its future. AVGO dropped to $385, down from the all-time high of $412. So, it safe to buy the dip?

Broadcom published strong financial results 

Broadcom, one of the biggest companies in the world, released strong results and boosted its forward guidance.

The company said that its revenue rose by 28% to over $18 billion, with its net income hitting $8.5 billion.

Most importantly, the company’s AI business continued to boom, with its AI revenue soaring by 74%. The management believes that this segment’s growth will double to $8.2 billion in the following year, helped by its custom AI accelerators and Ethernet AI.

The ongoing boom helped the company to boost its dividend by 10% to 65 cents, and now plans to have a payout of $2.60, a record level. It will be the fifteenth consecutive year of dividend growth.

Broadcom boosted its forward guidance, with the management expecting the first quarter revenue to grow to $19.1 billion and its adjusted EBITDA being 67% of revenue.

Most importantly, the company said that it had acquired a new large customer for its custom chips and said that Anthropic was the previously unnamed $10 billion revenue customer. As a result, its backlog jumped to over $74 billion.

Analysts are bullish on AVGO stock 

Wall Street analysts are highly bullish on Broadcom and its stock. The average estimate is that the company will make $18.3 billion in the first quarter, up by 22.7% from the same period last year.

Most importantly, these analysts expect that the next annual revenue will be $86 billion in the next financial year and $114.59 billion in the next one, representing strong growth for a company that has been in the industry for years.

Wall Street analysts have upbeat estimates about the stock. In a note on Friday, a Baird analyst boosted the estimate to $420 from the previous $300, pointing to its AI business.

Another analyst from Rosenblatt Securities recently boosted the target from $400 to $440, while another one from Oppenheimer raised the estimate to $435.

Some of the other bullish analysts from companies like UBS, Bank of America, Barclays, and Mizuho have all boosted their estimates. More estimates will likely come soon now that the company has already published its earnings report.

Therefore, the Broadcom stock price is falling as investors remain concerned about the AI bubble, which was triggered by the recent Oracle earnings. In particular, investors are concerned about OpenAI, which has placed orders worth over $1 trillion.

Broadcom stock price technical analysis 

The daily timeframe chart shows that the AVGO stock price has been in a strong uptrend this year as the AI boom continued.

It jumped to a record high of $413, which is along the upper side of the ascending channel. It has also remained above the 50-day and 100-day Exponential Moving Averages (EMA).

The stock has remained above the 50-day and 100-day Exponential Moving Averages (EMA), while the Relative Strength Index has pointed upwards.

Therefore, the most likely Broadcom stock price forecast is where it retreats to $350 and then resumes the uptrend as its growth accelerates. 

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The BitMine stock price has suffered a harsh reversal in the past few months as demand for crypto treasury companies waned in Wall Street and as Ethereum retreated from its all-time high. Still, fundamentals suggest that the stock will rebound, and possibly blast past $70, its highest level in October.

Why the BitMine stock price has imploded 

The BMNR stock price has imploded, a move that has erased billions of dollars in value, bringing its market capitalization to $15 billion, down from over $18 billion.

This crash is mostly because of the ongoing Ethereum price retreat as it moved from the all-time high of $4,950 in August to $3,313 today. This is notable because BitMine has emerged from obscurity into the biggest Ethereum holder in the world with over 3.8 million coins worth over $12.8 billion. It holds about 3.2% of the circulating supply.

BitMine stock price has also plunged as demand for Digital Asset Treasury (DAT) companies has stalled in the past few months, with all of them plunging. SharpLink, the second-biggest Ethereum treasury company, has plunged by over 70% from its all-time high. Similarly, the MSTR stock price has remained in a deep bear market in the past few months.

These companies have dropped as investors questioned their business models of borrowing months to invest in Bitcoin and other coins. One of the primary arguments among investors is why these companies have a premium to their crypto holdings.

Why BMNR stock may rebound 

Still, there are a few reasons why the BMNR stock price will rebound in the coming weeks or months.

First, while BitMine and Strategy are similar companies, the former is a more superior one in that it holds Ethereum, a coin that offers a monthly return.

BitMine is now working on its staking solution, which will be launched in 2026, and according to Tom Lee, the company will be making at least $400 million of high-margin return on its Ethereum holdings. It will likely return these staking returns to investors as dividends or continue its Ethereum accumulation strategy.

This is a different model to MSTR, which only benefits when Bitcoin price is rising and does not generate a monthly return to investors. 

Second, technicals suggest that the Ethereum price is on the verge of a strong bullish breakout in the coming days. For one, it is about to flip the Supertrend indicator from red to green for the first time since July this year. Such a move would confirm the bullish outlook and push it higher.

Ethereum price has also moved above the upper side of the falling wedge pattern, which is one of the most popular bullish reversal signs in technical analysis. It is also about to move above the 50-day moving average. Therefore, the coin may eventually rebound to the psychological level at $4,000 in the coming weeks or months.

Third, BitMine has a clean balance sheet with over $900 million in cash and no debt, a move that gives it the flexibility it needs to accelerate its Ethereum purchases towards its goal of owning 5% of the network.

Most importantly, Ethereum has emerged as the most important player in the crypto industry as most companies are now building on it. This includes large companies like JPMorgan and Janus Henderson, which have opted for the network for their real-world asset tokenization solutions.

Ethereum has continued to gain market share in key industries like RWA and DeFi despite the recent launches of networks like Plasma, Midnight, and Keeta. It also has a market dominance of over 63% in the decentralized finance industry and in stablecoins. This growth will continue after the recent launch of the Fusaka upgrade.

All this has helped to push Ethereum’s supply in exchanges to a record low, a sign of increased demand from ETFs, stakers, and other investors.

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GE Vernova stock price has had a strong performance after its public market debut in March last year. It has jumped from around $100 to $625, bringing its market capitalization to over $170 billion. So, will the stock continue rising after the company boosted its dividend and guidance?

GE Vernova boosted its guidance, dividends, and buybacks 

GE Vernova, a company that was once a laggard in the energy industry, has become one of the top firms today, helped by the soaring demand for its energy solutions.

The company is doing so well that the management has continued to boost its forward guidance. This growth happened as demand for energy soared in the United States and other countries because of the ongoing AI boom.

GE Vernova delivered a highly optimistic tone in its investor day on Tuesday. The management now expects that its revenue will jump to $52 billion in 2028, up from the previous estimate of $48 billion. These are huge numbers considering that the company made over $34 billion in 2024.

GEV has already signed 18 GW of gas turbine contracts in the current quarter, and the management sees the number reaching 80 GW by the end of the year. Cumulatively, its backlog is expected to grow from the current $135 billion to $200 billion in 2028.

Thanks to these numbers, the management decided to generate $22 billion in free cash flow through 2028. As a result, the management decided to boost its dividend to $0.50 from the previous $0.25. It also increased its share repurchase program from the current $6 billion to $10 billion.

GEV expects that most of its business will continue growing in the coming years. For example, its power segment will have an organic growth rate of between 6% and 7%, a figure that will grow to between 16% and 18% in 2026. 

Meanwhile, the electrification segment is expected to have an organic revenue growth of 25% this year, followed by 20% in 2026.

The only blemish in its operations is its wind business, which is expected to continue having negative organic growth metrics in the next few years.

Valuation concerns remain

While GE Vernova’s business is doing well, there are lingering concerns about its valuation, which has become higher than other blue-chip technology companies like Nvidia and AMD. 

GEV has a forward P/E ratio of 89, much higher than the sector median of 20. In contrast, Nvidia, a company that has superior growth and margins has a forward P/E ratio of 39. Similarly, Micron, another fast-growing company, has a forward P/E ratio of 14.30.

The rule-of-40 metric, which is mostly applied in software companies, also shows that the company is highly overvalued. Its net income margin is around 5%, while its revenue growth is ~10%, giving it a figure of below 20%.

Meanwhile, the stock is below the analysts’ forecasts. Data compiled by MarketBeat shows that the consensus estimate is $616, which is slightly below the current $625. This means that the risk-reward is fairly muted based on the fundamentals.

GE Vernova stock price technical analysis 

GEV stock chart | Source: TradingView

The daily timeframe chart shows that the GEV stock price has rebounded from a low of $252 in April to the current $625.

It has recently formed a descending channel and is now hovering near its top. The stock has also moved slightly above the 50-day Exponential Moving Average (EMA).

This descending channel is part of the bullish flag pattern, one of the most popular continuation signs in technical analysis. Therefore, the stock will likely rebound and retest its all-time high as investors wait for the upgraded dividend. A move above that level will point to more gains, potentially to $700.

READ MORE: GE Vernova stock faces a crucial test: will GEV rise after earnings?

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The S&P 500 Index and its top ETFs like SPY, IVV, and VOO have done well this year as they soared by over 40% from the lowest level in April and 16% from the January level. 

Why the S&P 500 Index and ETFs like VOO and SPY jumped

The index has jumped despite having major risks, including Donald Trump’s tariffs, elevated inflation, prolonged government shutdown, and troubles in the labor market.

This rally happened as Donald Trump largely abandoned his reciprocal tariffs and made deals with companies, including China and the European Union. 

Most importantly, the index jumped as companies announced strong financial results, with the third-quarter growth trajectory being about 13%. It grew by double digits in the past four consecutive quarters.

At the same time, the S&P 500 Index and its ETFs like SPY and VOO rose after the Federal Reserve started cutting interest rates, a move that is expected to continue today.  

Most importantly, the index continued rising as investors cheered the artificial intelligence (AI) tailwinds, which has helped boost top companies like Nvidia and AMD. 

This article looks at some of the top companies that fueled the S&P 500 Index boom this year.

S&P 500 Index chart | Source: TradingView

Sandisk, Western Digital, Seagate, and Micron

Nvidia, AMD, and Palantir are the top names people think about when the concept of artificial intelligence is mentioned. 

While these companies did well this year, it is the less glamorous technology companies in the AI space that led the S&P 500 Index and its ETFs like SPY and VOO this year.

Sandisk stock price has jumped by 525% this year, pushing its market capitalization to over $32 billion. Western Digital stock price soared by 275%, with its market value hitting $57 billion. Seagate and Micron Technology stocks jumped by 225% and 197%, respectively.

These companies are unique in that they provide almost similar items, which are used widely in the personal computer and data center industries. They make hard drives, which are found in all data centers.

Their rally is because of elevated demand for this storage as companies like Microsoft, CoreWeave, Nebius, IREN, Amazon, and Google continued spending heavily on data centers. This industry is growing so fast that Micron has decided to abandon retail clients to focus on large companies.

The risk, however, is that these companies operate in a highly competitive industry, meaning that they may experience a sharp reversal if the AI boom slows. There is a likelihood of elevated inventories and thinner margins in coming few years.

Robinhood Markets (HOOD)

Robinhood Markets is another top company that helped to boost the S&P 500 Index this year. The company, which became part of the index recently, has jumped by 252% this year, pushing its market cap to over $80 billion.

The company has benefited from the growing market share in the United States, and its global expansion. This week, the company acquired two Indonesian companies as it seeks to grow its market share there.

The company also moved deeper into the crypto industry by acquiring Bitstamp, a small crypto exchange, which it hopes to continue growing and make it a formidable competitor to Coinbase and Kraken. It also launched several tokenized stocks in Europe and is working on its own layer 2 solution.

Warner Bros. Discovery (WBD)

Warner Bros. Discovery is another top company that helped to boost the S&P 500 Index in 2025 as it surged by 168%. The company has done well this year because of the ongoing bidding war from Netflix and Paramount Skydance.

After reaching a deal with Netflix last week, Paramount Skydance made a superior offer on Monday. It plans to take this offer directly to shareholders, who will likely approve the deal as it has over $17 billion on top.

The other top companies in the S&P 500 Index and its ETFs, like SPY and VOO are Newmont, which jumped because of its exposure to gold, which has jumped to a record high this year. Other top companies in the index were companies like Palantir, Lam Research, Applovin, Intel, Amphenal, and KLA Corporation.

READ MORE: Why are Paramount and Netflix overpaying for Warner Bros stock?

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The Dow Jones Index has done well this year, continuing the bull run that started in 2022 when it tumbled to a low of $28,662. It was trading at $47,560, up by 30% from its lowest level in April when Donald Trump announced his reciprocal tariffs.

The Dow Jones, like the S&P 500 and the Nasdaq 100, has also benefited from the Federal Reserve interest rate cuts, strong earnings growth, and the artificial intelligence boom. This article explores some of the top gainers in the Dow Jones Index and its top ETF, the DIA.

Top gainers in the Dow Jones and DIA ETF this year 

Most companies in the Dow Jones Index and DIA ETF have had substantial gains this year. Only 7 of them, including top names like UnitedHealth, Salesforce, Nike, and Procter & Gamble, have dropped this year.

On the other hand, the top gainers in the Dow Jones Index were companies like Caterpillar, Goldman Sachs, IBM, Johnson & Johnson, Nvidia, and Cisco were its top gainers.

Caterpillar (CAT)

Caterpillar, the giant industrial company, was the best-performing company in the Dow Jones Index this year as it jumped by 62%, bringing its market capitalization to over $278 billion.

The company has done well because of the elevated demand from America and other countries in its three verticals, like construction, resource industries, and energy and transportation.

Its most recent results showed that the company’s revenue rose from $16.1 billion in the third quarter of last year to a record $17.6 billion. This growth was offset by a decline in profitability, with its operating profit falling a bit to $3.1 billion, while its adjusted profit per share moved from $5.17 to $4.95.

Caterpillar expects that its revenue growth will continue this year but the tariff impact to affect its profitability.

Goldman Sachs Group (GS)

Goldman Sachs Group, one of the top names in Wall Street is also the second-best performing company in the Dow Jones Index this year, with its stock rising by 51% and its market capitalization hitting $262 billion.

Goldman Sachs’s business has benefited from the ongoing trading boom and the fact that corporate activities like M&A have returned. 

The most recent results showed that its revenue rose to $15.18 billion in the third quarter, while its net earnings rose to $4.1 billion. 

Most of this growth was driven by the Global Banking & Markets business, whose revenue rose by 18% to $10.2 billion, while the asset & wealth management rose by 17% to $4.4 billion. The platform solutions revenue rose by 71% to $670 million.

Goldman Sachs’ stock performance is in line with that of other global banks, including popular names like Lloyds Group and Unicredit.

IBM (IBM)

IBM stock price is the third-best-performing company in the Dow Jones Index this year, as it jumped by 40%. The company’s gains continued this week as it announced a big deal to acquire Confluent, a company that offers AI data streaming solutions. This buyout came a few months after the company closed that $6.5 billion deal to acquire HashiCorp.

IBM stock price rose after it continued to announce modest results.  Its most recent quarterly figure showed that its revenue rose by 9% to $16.3 billion, with its AI book of business rising to $9.5 billion. The company has also boosted its margins, with the gross profit margin rising by 1.1% to 57.3%.

Other top gainers in the Dow Jones Index 

The other top gainers in the Dow Jones Index this year were companies like Nvidia, Cisco Systems, 3M, JPMorgan, and American Express. All these stocks have jumped by over 21% this year  

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Crude oil prices edged lower on Wednesday ahead of the Fed interest rate decision. While the market is increasingly confident of an interest rate cut of 25 basis points, a hawkish guidance, or at least a non-committal position, is highly likely. These expectations, coupled with the overwhelming concerns of a supply glut in coming months, are fueling the selling pressure. At the time of writing, the benchmark for global oil was at a two-week low at $61.48 a barrel.

What’s fueling the crude oil price downtrend 

Crude oil price remains on a downtrend amid the overwhelming concerns over a supply glut in 2026. According to the International Energy Agency (IEA), the global market is expected to report a record surplus of over 4 million barrels per day in the coming year, equating to about 4% of the world’s oil consumption. While the glut may come in lower than that, analysts and investors are already pricing in a hefty oversupply.

Based on these expectations, it will be interesting to see how producers attempt to mitigate the supply glut. Intentional efforts by OPEC+ nations and non-OPEC producers like the US in 2026 may help alleviate the selling pressure. Besides, aggressive buying from China would improve the situation from the demand side.

Meanwhile, the supply/demand imbalance is already weighing on crude oil prices. Brent, the benchmark for global oil prices, is down by close to 20% ytd; placing it on track to record its worst year since the COVID-19 pandemic. 

At the same time, investors are eyeing the Russia-Ukraine talks and the Fed interest rate decision. In regard to the latter, financial markets expect the US central bank to cut interest rates by 25 basis points. Notably, this decision comes amid the policymakers’ differing opinions and gaps in the country’s crucial economic data. 

More importantly, investors and analysts alike will be keen on the Fed’s tone in the FOMC statement. A non-committal or hawkish position will likely weigh on crude oil demand while fueling a rebound in the US dollar. 

At the time of writing, the dollar index was at $99.13, having traded within a tight range for a week now. While it remains under selling pressure, it has held steady above the 6-week-long support zone of $98.60. At the same time, the benchmark 10-year Treasury yields extended previous gains to trade at a three-month high; further strengthening the US dollar. Notably, a stronger greenback renders crude oil more expensive for buyers holding foreign currencies.     

As of the Russia-Ukraine peace talks, the market is riding on hopes that the two warring countries may soon reach a deal. That would in turn ease US sanctions on Russia, releasing oil supplies from the third-largest producer and increasing the oversupply concerns.  

Brent crude oil price technical analysis

UKOIL price chart | Source: TradingView

Brent oil price edged lower on Wednesday, marking the third consecutive session in the red and reversing the gains recorded over the past two weeks. At the time of writing, it was at a two-week low of $61.48. 

A look at its daily chart hints at the continuation of the downtrend as it continues to trade below the short-term 25-day EMA and the medium-term 50-day MA. Besides, it continues to trade within the months-long bearish channel. 

In the near-term, the range between the 50-day EMA at $63.80 and the support at $61 will be worth watching. In reaction to the FOMC statement, the bears may have a chance to pull Brent oil price further down to a 7-month low at $60. On the upside, a possible rebound would likely be curbed at the crucial resistance zone of $64.50. 

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The USD/CHF exchange rate drifted downwards on Thursday morning as the US dollar index weakened after the Federal Reserve interest rate decision. It dropped to a low of 0.8, its lowest level since November 19 as investors anticipated the upcoming Swiss National Bank (SNB) interest rate decision.

SNB interest rate decision ahead 

The USD/CHF exchange rate pulled back as the SNB prepares to deliver its final interest rate decision of the year.

Economists polled by Reuters expect the bank to leave interest rates unchanged at 0% for the second consecutive meeting. Implementing another rate cut would bring interest rates to the negative zone, a move that the bank is attempting to avoid.

The SNB has maintained a highly dovish tone this year, hoping that such a move will help to devalue the franc, which it believes has become highly overvalued. As a result, it slashed rates from 1.75% in February last year to zero today.

READ MORE: Swiss franc, gold, and Bitcoin emerge as safe havens amid Trump turmoil

The bank has largely achieved its goals as inflation remains subdued, while the economy is operating at full capacity, with the unemployment rate falling to 2.9% in November this year. In contrast, the rate in the United States has risen to 4.3%.

Still, the SNB will likely have a dovish tilt in this meeting, in that officials will hint of their willingness to do whatever it takes to develop the currency. 

The bank typically prefers a weak currency as that helps its exporters by lowering the price of their products abroad. A Bloomberg analyst said:

“The hurdle to cutting rates in 2026 remains high given its limited policy space, while the price outlook is expected to slowly improve as energy prices bottom out and the effects of a strong franc fade.”

The SNB decision comes after the trade tensions between the US and Switzerland ended, with the US lowering its tariffs against the country from 39% to 15% after meeting some of the top executives. 

Federal Reserve interest rate cut and QE return 

The USD/CHF exchange rate is falling as investors reacted to the latest Federal Reserve interest rate decision on Wednesday.

The bank decided to cut interest rates to between 3.50% and 3.75%, citing concerns in the labor market, which has shown signs of deteriorating in the past few months.

A recent report by ADP showed that the economy lost over 36,000 jobs in November, the worst performance since during the pandemic.

Most importantly, officials said that they will start implementing the quantitative easing (QE) policy. QE is a process where the bank boosts liquidity in the market by buying short-term government bonds. In this case, the bank will buy short-term bonds at a rate of $40 billion a month.

USD/CHF technical analysis 

The daily timeframe chart shows that the USD/CHF exchange rate has remained in a tight range in the past few months. It has remained between the support and resistance levels at 0.7865 and 0.8150, respectively.

The pair is consolidating at the 50-day Exponential Moving Average (EMA), while the Average True Range (ATR) has slumped to the lowest level in months. Therefore, the pair will likely remain in this range unless the SNB surprises the market with a negative interest rate cut.

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Bitcoin and top altcoins suffered a harsh reversal today, Dec. 11, as concerns about the Federal Reserve forward guidance resumed. BTC dropped below $90,000, erasing some of the gains made earlier this week.

XRP price dropped by 3.6% in the last 24 hours and by 7.8% in the previous seven days. Similarly, Solana, Dogecoin, Cardano, and Chainlink prices were down by over 3% in the last 24 hours.

The closely-watched CoinMarketCap 20 Index, which is made up of the biggest coins in the crypto industry, dropped by 3%. Also, the market capitalization of all coins dropped by 2.64% to ~$3.02 trillion.

Altcoins dropped as investors sold the news

The main reason why Bitcoin and altcoins like Solana, Dogecoin, XRP, Cardano, and Chainlink are going down is the Federal Reserve interest rate decision, which happened on Wednesday.

The decision had two main catalysts for the crypto market, including the rate cut itself and the return to quantitative easing (QE) policies.

On QE, the bank will start buying short-term government bonds worth $40 billion a month, a move that will lead to more liquidity in the market.

However, the bank’s dot plot pointed to just one interest rate cut in 2026, which was lower than what analysts were expecting.

On the positive side, the dot plot will likely change next year since the composition of the Fed will change. Indeed, Donald Trump is interviewing candidates for the Fed Chair role this week, with most analysts favoring Kevin Hassett. Hassett has insisted that rates needs to go down substantially.

Bitcoin and most altcoins were up earlier this week as investors waited for the upcoming Fed rate decision. Therefore, the decline is happening as investors sell the news.

Altcoin Season Index is falling 

Top altcoins like XRP, Solana, Dogecoin, Cardano, and Chainlink are dropping today as demand for these tokens wanes.

Data compiled by CoinMarketCap shows that the Altcoin Season Index has been in a freefall in the past few months. It has dropped to the year-to-date low of 17, much lower than the year-to-date high of over 60.

The index has dropped as most altcoins have plunged, with the top laggards being DoubleZero, Story, MYX Finance, Pudgy Penguins, Celestia, Ethena, Worldcoin, and Pyth Network. All these tokens have plunged by over 62% in the last 90 days, erasing billions of dollars in value.

The performance is a sign that investors are favoring Bitcoin, while demand for altcoins has tumbled in the past few months.

Soaring liquidations continue 

Bitcoin and altcoins like Solana and Cardano are also falling as liquidations jump. Data compiled by CoinGlass shows that Bitcoin positions worth over $175 million were liquidated in the last 24 hours.

Ethereum positions worth over $170 million were liquidated, while Solana positions worth over $25 million were wiped out. Some of the other top liquidated tokens were XRP, Dogecoin, Chainlink, and Zcash.

Liquidations happen when crypto exchanges like Binance, Bybit, Hyperliquid, OKX, and Gate are forced to close leveraged positions when they move to a certain level in a bid to protect their margins.

In line with this, Bitcoin and most altcoins dropped as the futures open interest dropped by nearly 1% in the last 24 hours to $132 billion.

Looking ahead, there is a likelihood that these altcoins will rebound as the post-Federal Reserve drop was likely a knee-jerk reaction from investors. Besides, a look beneath the surface shows that altcoin ETFs have continued to accumulate assets in the past few days, with Chainlink adding $2.5 million and Solana funds adding $4.85 million.

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