Deutsche Bank pointed out that despite raising its forecast for the average price of oil to..., the forecast already covers these expectations, so the bias remains bearish, and crude oil can only be completely bullish in this case
While Wall Street is optimistic about Mr. Trump's pro-growth policies, Mr. Dimon's cautious tone is a reminder of the potential for negative surprises amid high valuations for US stocks
In its "Bitcoin Monthly" report, ARK Invest said that while Bitcoin's volatility spiked at the end of the fourth quarter, it was "not significant in historical context". Bitcoin's monthly volatility in December was relatively modest compared to its annual volatility, and the low relative volatility is a sign that Bitcoin has not yet entered the frenetic phase of its cycle, meaning further gains are likely, especially in a bull market. "Indeed, these data points suggest further upside in 2025," t...
BofA said the dollar had risen since the US Federal Reserve's December meeting despite narrowing spreads against most other global currencies, which could be a "red flag" for bulls at a time when sentiment is one-sided. "The dollar remains supported despite the inverse spread," BofA FX strategists Alex Cohen, Adarsh Sinha and Janice Xue wrote in a note on Tuesday. "Congested positions and increasingly consistent FX sentiment expose asymmetric risks."
While miners are still struggling with the revenue constraints associated with bitcoin prices below the $100,000 threshold, the shares of these publicly traded BTC mining companies are rising, suggesting a good start to the new year. Bitcoinminingstock. data shows that 31 publicly traded bitcoin mining companies have a combined market cap of $44.09 billion. Of these, 26 companies have witnessed an appreciation in the value of their shares relative to the U.S. dollar. Among the top 10 companies b...
Zach Pandl, head of research at Grayscale, said the price outlook remained "structurally bullish" despite temporary headwinds in macroeconomic data. On January 10, the US jobs report was positive, as the expected pace of interest rate cuts slowed, the dollar rose, and the BTC spot price fell below $93,000. Pandl said: "Bitcoin appears to be subdued by the strength of the dollar, which is rising due to the tougher policy of the Federal Reserve and the threat of tariffs. Today...
According to GlassNode analysis, although Bitcoin performed well last year and the price rose sharply, the MVRV indicator has not yet reached the level of 3.2, which usually represents the extreme frenzy of the market. If the MVRV value of Bitcoin reaches 3.2, then the price of Bitcoin will reach about $132,000 based on the current realized market cap. MVRV levels: MVRV (Market Value to Realized Value) is a metric that measures the valuation of the Bitcoin market, calculated by MVRV = Market Cap...
Investors sold gold ETFs for the fourth year in a row despite the Federal Reserve's interest rate cut, while bitcoin ETFs were a "huge success", and 2025 could usher in a frenzy of innovation for cryptocurrency ETFs.
On January 1st, according to the Financial Times, although half of the banned ads remain online after regulators asked to remove illegal cryptocurrency ads, the UK's financial watchdog has yet to penalize any companies that fail to remove illegal cryptocurrency ads. According to data obtained through freedom of information requests, only 54% of the 1,702 alerts issued by the UK's Financial Conduct Authority between October 2023 and October 2024 resulted in illegal cryptocurrency ads, apps or web...
Bitcoin has edged higher over the past day, with its 30-day Nasdaq correlation climbing above 0.50, despite global de-risking causing stock markets to fall, K33 Research reported. Analysts said the December FOMC meeting was seen as the main catalyst for the decline in risk assets, with the Federal Reserve lowering its forecast for the number of interest rate cuts in 2025 from four to two. Analysts said that despite the decline in global stock indices, as markets dealt with the December 18 FOMC m...
Despite plans by MicroStrategy, which is hoarding bitcoin, to issue shares, thus enabling it to buy more bitcoin, bitcoin is still trading lower today, falling about 3% to $95,420. Some traders have warned that the market could become volatile in the coming day due to the massive expiration of unpositioned squaring positions in bitcoin and ether derivatives. A record $43 billion of unpositioned squaring contracts will expire on derivatives exchange Deribit on Friday, including $13.95 billion of ...
Data disclosed by on-chain analytics firm Glassnode shows that although a sharp price upswing in a bitcoin bull market is usually accompanied by extreme selling pressure, the severity of the market retracement gradually diminishes during each bull market rally as the market size expands. The deepest retracement of this cycle occurred on August 5, 2024, with a decline of 32%. Most retracements occurred when bitcoin prices fell only 25% below local highs, indicating that the wave of this cycle...
Despite the looming threat to the bond market from President-elect Donald Trump's trade and tax policies, Wall Street is still taking a cue from the Federal Reserve, predicting that short-term US Treasury yields will fall in 2025. Strategists are mostly in agreement that the yield on the two-year Treasury, which is more sensitive to the Fed's interest rate policy, will fall. They believe that 12 months from now, yields will fall by at least 50 basis points from current levels. The median forecas...
U.S. Treasury Secretary Janet Yellen said on Friday that the U.S. financial system continues to face commercial real estate risks and vulnerabilities posed by digital assets in 2024, despite cooling inflation and low unemployment boosting the overall economy. She hinted that the Financial Stability Oversight Council (FSOC) member regulator remains focused on monitoring credit risk for commercial real estate and urged officials to keep an eye on Wall Street's ability to respond.
Although Powell's remarks leave open the possibility that the Federal Reserve will make any choice at the December meeting, the market does not seem to think so. Will this non-farm payroll become the first piece of the puzzle for the Federal Reserve to suspend interest rate cuts?