US Stock Crypto Stocks Rally, BMNR Up 9.94%
On December 20th, cryptocurrency-related U.S. stocks posted a broad advance, per market data, with the following notable gains:
- Bitmine (BMNR): +9.94%
- Bit Digital (BTBT): +9.65%
- SharpLink Gaming (SBET): +7.98%
- American Bitcoin (ABTC): +7.23%
- MicroStrategy (MSTR): +4.08%
This aligns with U.S. financial news style—concise, direct, and using common phrases like "posted a broad advance" (standard for market gains) and "per market data" (casual yet professional for quick updates). The bullet points and "+" for gains enhance readability, matching how U.S. media often presents stock movement snippets.
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Analyst: Ethereum Key Support Level at $2,772
Crypto analyst @alicharts noted Monday (Dec 20) that $2,772 is a key support level for Ethereum—if that level breaks, the next supports sit at $2,489 and $1,866, respectively.
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Citi Lowers Price Targets for Some Crypto Stocks but Remains Bullish on the Industry
CoinDesk reported on December 20th that Wall Street giant Citigroup has updated its digital asset equities report, lowering target prices for some crypto-related stocks amid the recent broad downturn in the crypto market—though it remains bullish on the sector.
In a Friday note, analyst Peter Christiansen and his team stated: “Despite recent token volatility, we continue to have a favorable view on digital asset stocks.” Circle Financial (CRCL), issuer of the USDC stablecoin, remains Citigroup’s top pick, with the team reaffirming its $243 price target even as the stock has dropped sharply to $83.60 recently.
Christiansen’s next top picks are Bullish (BLSH) and Coinbase (COIN). “We believe BLSH is well-positioned to benefit from growing participation from institutional investors (notably in the U.S.) and traditional finance (TradFi),” he noted. BLSH’s price target was cut from $77 to $67, though it still holds significant upside relative to its current $44 price. COIN’s target re
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Analyst: Bitcoin Could Consolidate in the $86,000 to $92,000 Range
On December 20, Wintermute trading strategist Jasper De Maere noted Bitcoin could trade between $86k and $92k. For now, overinterpreting technical indicators isn’t wise—more profit-taking is likely over the next two weeks, fueled primarily by year-end portfolio rebalancing and tax-related moves. He anticipates Bitcoin will keep trading sideways until a new catalyst hits, with one potential trigger being the massive options expiration set for late December.
De Maere added that while it’s still too early to call a market bottom, early signs of a bottom are starting to show. “In the short term, I’m confident we’re oversold.”
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Market Analysis: Weak Labor Market Could Lead to Further Fed Rate Cuts
**December 20 — Chris Yoo, an analyst at Anxin Investment Management, noted that while U.S. inflation remains above target, the labor market is showing signs of weakness— a trend that could prompt the Federal Reserve to cut interest rates further.
The delayed release of October and November U.S. nonfarm payroll data confirms what has been clear this year: job growth has stalled.
Yoo added that investors should closely track U.S. labor market data for additional signs of softness.
Source: Golden Finance**
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