According to Standard Chartered analysis, the weakening of long momentum in the cryptocurrency market and the possibility of a deeper correction reflect growing frustration with the lack of new policy announcements.
QCP Capital pointed out that with the end of the year, the momentum of BTC has weakened significantly, and the upside is limited by selling pressure. Since December 19, the net outflow of spot ETFs is $1.80 billion, and MicroStrategy's BTC purchases have slowed down significantly. Looking forward to 2025, the key catalyst may appear in January, as institutions will readjust their asset allocation. It is expected that the proportion of bitcoin institutions will increase, consolidate market domina...
The Bank of Korea said it expects inflation to rise next month due to the weak won, which is expected to remain below 2 percent in February. (Kim Ten)
The hacker Blockchain Bandit stole 51,000 Ethereum mainly by successfully guessing weak private keys. After being dormant for nearly two years, blockchain investigator ZachXBT said in a Telegram post on December 30 that all 51,000 Ethereum were transferred from 10 wallet addresses to the multi-signature address "0xC451D542". The funds were mainly transferred into 5,000 Ether in batches between 8:54 pm UTC and 9:18 pm UTC on December 30. Before that, the stolen funds had been in these 10 countrie...
Last week's unexpected weakness in US PCE led to a rebound in non-US assets. But this may only be a temporary relief, a pullback in the dollar or a buying opportunity on dips. This week, the "Christmas rally" is expected to arrive as scheduled... > >
Black futures continued to weaken in the afternoon, with coke main contracts falling by more than 2%, thread, hot coil, and iron ore main contracts falling by more than 1%, and coking coal main contracts falling by nearly 1%.
Gold's rise has weakened, but bears need to regain this level to regain dominance! Will the dollar peak around the end of the year? The yen is expected to rise in this case next year...
Gold Ten Futures, November 13th, the policy has entered a vacuum period, and the weight of fundamental influence has increased. Short-term molten iron production has peaked, and the demand for double coke consumption has declined; downstream raw material inventory is acceptable, and the arrival situation is controlled to increase; after the policy is implemented, speculative demand has also declined; the demand side is not friendly in the near future. Domestic coal mine production has reached a ...
After the Federal Reserve cut interest rates, U.S. bond yields further weakened, which benefited gold. Gold prices are still rising to expand trading within the wedge. Once the adjustment is completed, it may usher in a new rally.
On November 7th, Bank of America said that the weakness of the non-farm payroll data in October was enough for the Federal Reserve to cut interest rates by 25 basis points in November and December. Powell is likely to emphasize the stability of the economy and the return of inflation targeting. Trump's return to the White House may make the Federal Reserve more cautious in the future. (Jin Ten)
After underperforming Bitcoin for much of the year, smaller cryptocurrencies such as Dogecoin (Doge) and Solana (Solana) may finally face the greatest risk after the US Presidential Election. Bitcoin rose 4.6% to $70,165 on Tuesday, about 5% below the record high of around $73,800 set in March. The largest cryptocurrency by market capitalization has risen more than 65% this year. On Tuesday, Dogecoin rose as much as 17%, in part due to long-term support for Dogecoin...
Average polls show Trump narrowly overtaking Harris, whose approval ratings in "blue wall" states are starting to falter. Trump's election can make gold rise in the short term, even if Harris's victory presses the price of gold for a short time...
Federal Reserve Kashkari: Signs of rapid labor market weakness could lead to faster rate cuts.
The Federal Reserve's Kashkari said an unexpected weakening in the labor force would lead to a reconsideration of interest rates; modest rate cuts are expected in the coming quarters.
Greene, a member of the Bank of England, said that the risk of weak consumption is that inflation may be below target, so it is necessary to cut interest rates more quickly. GBP/USD was short-term lower by 14 points.