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🟡 Bitcoin price wobbles ahead of Fed’s rate decision
Bitcoin (BTC) dipped as low as $59,500 on Binance ahead of tomorrow’s Federal Open Market Committee (FOMC) meeting. Market participants are bracing for a hawkish stance from the Federal Reserve (Fed), with expectations set for unchanged interest rates.
The CME FedWatch Tool indicates a mere 4.4% of economists predict a rate cut—the first in over a decade—while a dominant 95.6% anticipate rates to hold steady between 525-550 basis points.
According to The Kobeissi Letter, current market data indicates a 36% probability that there will be no interest rate cuts this year. Four months ago, the likelihood of maintaining current rates was only about 3%.
Expectations have also shifted to just one reduction this year. Previously, the market anticipated six rate cuts. Additionally, the probability of experiencing two or more rate cuts has diminished to 31%.
🔺 Stagflation risk
Amidst this financial climate, the US grapples with stagflation risks as inflation persists and economic growth slows.
The first quarter of 2024 saw GDP growth decelerate to 1.6%, falling short of the 2.2% forecast and down from the previous quarter’s 3.4%. Concurrently, the US Core PCE inflation index climbed from 2.0% to 3.7%.
Fed Chair Jerome Powell stated that recent data does not make the Fed more confident, suggesting a longer timeline to regain economic stability. He expressed belief in the adequacy of current policies to navigate the risks at hand, hinting at sustained high-interest rates without increases.
Bitcoin’s trajectory mirrored these economic uncertainties, dropping below $62,000 earlier in the week due to renewed stagflation worries.
A brief rally above $64,000 occurred with the launch of spot Bitcoin and Ethereum ETFs in Hong Kong yesterday, but the momentum was short-lived as investor caution set in ahead of the Fed’s key decision.
$BTC #BTC #Bitcoin
Bitcoin (BTC) dipped as low as $59,500 on Binance ahead of tomorrow’s Federal Open Market Committee (FOMC) meeting. Market participants are bracing for a hawkish stance from the Federal Reserve (Fed), with expectations set for unchanged interest rates.
The CME FedWatch Tool indicates a mere 4.4% of economists predict a rate cut—the first in over a decade—while a dominant 95.6% anticipate rates to hold steady between 525-550 basis points.
According to The Kobeissi Letter, current market data indicates a 36% probability that there will be no interest rate cuts this year. Four months ago, the likelihood of maintaining current rates was only about 3%.
Expectations have also shifted to just one reduction this year. Previously, the market anticipated six rate cuts. Additionally, the probability of experiencing two or more rate cuts has diminished to 31%.
🔺 Stagflation risk
Amidst this financial climate, the US grapples with stagflation risks as inflation persists and economic growth slows.
The first quarter of 2024 saw GDP growth decelerate to 1.6%, falling short of the 2.2% forecast and down from the previous quarter’s 3.4%. Concurrently, the US Core PCE inflation index climbed from 2.0% to 3.7%.
Fed Chair Jerome Powell stated that recent data does not make the Fed more confident, suggesting a longer timeline to regain economic stability. He expressed belief in the adequacy of current policies to navigate the risks at hand, hinting at sustained high-interest rates without increases.
Bitcoin’s trajectory mirrored these economic uncertainties, dropping below $62,000 earlier in the week due to renewed stagflation worries.
A brief rally above $64,000 occurred with the launch of spot Bitcoin and Ethereum ETFs in Hong Kong yesterday, but the momentum was short-lived as investor caution set in ahead of the Fed’s key decision.
$BTC #BTC #Bitcoin
Bitcoin's price could skyrocket to a staggering $500,000 if Donald Trump establishes a national Bitcoin reserve, according to Bitwise CIO Matt Hougan ¹. This bold prediction is based on the assumption that a US-backed Bitcoin reserve would drastically increase institutional demand, driving the price to unprecedented heights.
Hougan's statement echoes the sentiments of other experts, such as Galaxy Digital CEO Mike Novogratz, who forecasts a potential 400% price surge if the US adopts Bitcoin as a strategic reserve asset ². Additionally, Fundstrat's Sean Farrell suggests that a US Bitcoin reserve could push the price to $500,000, although he acknowledges that this scenario is still a long shot ³.
It's essential to note that these predictions are based on speculative assumptions and should be taken with caution. The cryptocurrency market is notoriously volatile, and prices can fluctuate rapidly. Nevertheless, the idea of a US-backed Bitcoin reserve has sparked intense interest and debate within the crypto community.
#BTCNextMove #Bitcoin $BTC #btc #BinanceLaunchpoolBIO
Hougan's statement echoes the sentiments of other experts, such as Galaxy Digital CEO Mike Novogratz, who forecasts a potential 400% price surge if the US adopts Bitcoin as a strategic reserve asset ². Additionally, Fundstrat's Sean Farrell suggests that a US Bitcoin reserve could push the price to $500,000, although he acknowledges that this scenario is still a long shot ³.
It's essential to note that these predictions are based on speculative assumptions and should be taken with caution. The cryptocurrency market is notoriously volatile, and prices can fluctuate rapidly. Nevertheless, the idea of a US-backed Bitcoin reserve has sparked intense interest and debate within the crypto community.
#BTCNextMove #Bitcoin $BTC #btc #BinanceLaunchpoolBIO
MSDos:
I think there is no way out, the reserve is inevitable, I'm thinking 🤔, millions of people don't even know what BTC is😴💤 is this price really stretched?🤔
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Wilma Punzo zq0B:
Are we in the middle of nowhere? Trump hasn't gotten into the rut yet.
$BTC
Good Dip and Sustaing
Good for Entry
Now at 95800
Trg 1. 96,629
Trg 2. 97,765
Trg 3. 100K
#btc #MarketRebound #BinanceAlphaAlert
🙏Education Purpose Only🙏
Good Dip and Sustaing
Good for Entry
Now at 95800
Trg 1. 96,629
Trg 2. 97,765
Trg 3. 100K
#btc #MarketRebound #BinanceAlphaAlert
🙏Education Purpose Only🙏
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Albertine Hallemeyer ZG8W:
ok thanks a lot brother
See original
#btc #btc
This Bitcoin growth chart can be compared to the Burj Khalifa in Dubai – the tallest building in the world. Like this structure that rises above others, Bitcoin has reached an extremely high “height” in terms of value since 2014. Both symbols are visual proof of ambitious achievements that have become a reference point in their fields – architecture and finance.
$BTC
This Bitcoin growth chart can be compared to the Burj Khalifa in Dubai – the tallest building in the world. Like this structure that rises above others, Bitcoin has reached an extremely high “height” in terms of value since 2014. Both symbols are visual proof of ambitious achievements that have become a reference point in their fields – architecture and finance.
$BTC
#XmasCryptoMiracles
Is Bitcoin Delivering Above $100K Christmas Miracle?
Current Momentum: A Mixed Bag
December started with Bitcoin flirting with record highs, but it’s now down $15,000 from last week’s peak. Still, $BTC has climbed by 2.28% in the past two hours, showing that short-term traders are staying active.
While these numbers are exciting, December’s movement feels average compared to Bitcoin’s usual end-of-year fireworks. Historically, December has swung both ways, so the cautious optimism we see now makes sense.
#bitcoin #crypto
Indicators Hint at Growth Potential
Technical charts tell an interesting story. Bitcoin’s monthly RSI sits at 75.20, suggesting it’s oversold but with room to grow.
Zooming out, Bitcoin’s performance for Q4 2024 has been impressive. It’s up by nearly 49% this quarter alone. Year-to-date returns are even more stunning, with a 124% gain from January and a 157% jump from the year’s peak price
With just a week left in December, the final weekly candle could decide Bitcoin’s fate for the year. The possibility of a Christmas rally remains alive, driven by strong sentiment and reduced resistance. But let’s not ignore the risk of whale-driven liquidations that could keep prices below $100,000 for now.
One thing is clear—$BTC
$BNB and Bitcoin isn’t done surprising us. Whether it’s steady gains or a dramatic spike, the last few days of 2024 could still bring big.
#btc #December
Is Bitcoin Delivering Above $100K Christmas Miracle?
Current Momentum: A Mixed Bag
December started with Bitcoin flirting with record highs, but it’s now down $15,000 from last week’s peak. Still, $BTC has climbed by 2.28% in the past two hours, showing that short-term traders are staying active.
While these numbers are exciting, December’s movement feels average compared to Bitcoin’s usual end-of-year fireworks. Historically, December has swung both ways, so the cautious optimism we see now makes sense.
#bitcoin #crypto
Indicators Hint at Growth Potential
Technical charts tell an interesting story. Bitcoin’s monthly RSI sits at 75.20, suggesting it’s oversold but with room to grow.
Zooming out, Bitcoin’s performance for Q4 2024 has been impressive. It’s up by nearly 49% this quarter alone. Year-to-date returns are even more stunning, with a 124% gain from January and a 157% jump from the year’s peak price
With just a week left in December, the final weekly candle could decide Bitcoin’s fate for the year. The possibility of a Christmas rally remains alive, driven by strong sentiment and reduced resistance. But let’s not ignore the risk of whale-driven liquidations that could keep prices below $100,000 for now.
One thing is clear—$BTC
$BNB and Bitcoin isn’t done surprising us. Whether it’s steady gains or a dramatic spike, the last few days of 2024 could still bring big.
#btc #December
#BtcNewHolder
As of December 26, 2024, Bitcoin is exhibiting strong momentum, approaching the significant $100,000 threshold. Analysts suggest that maintaining this level could propel BTC toward new all-time highs, with potential targets around $145,000. (Bitcoinist) Recent data indicates that long-term Bitcoin holders have sold approximately 1 million BTC since September, contributing to increased market liquidity. (Yahoo Finance) Institutional interest remains robust, exemplified by MicroStrategy's recent acquisition of 5,262 Bitcoins at an average price of $1 52, bringing their total holding 77 BTC. (Yahoo Finance)
Additionally, government holdings are notable, with the U.S. government commanding over $19 billion in BTC. (CCN) These developments underscore the growing institutional and governmental interest in Bitcoin, reinforcing its status as a significant asset in the global financial landscape.
#btc
As of December 26, 2024, Bitcoin is exhibiting strong momentum, approaching the significant $100,000 threshold. Analysts suggest that maintaining this level could propel BTC toward new all-time highs, with potential targets around $145,000. (Bitcoinist) Recent data indicates that long-term Bitcoin holders have sold approximately 1 million BTC since September, contributing to increased market liquidity. (Yahoo Finance) Institutional interest remains robust, exemplified by MicroStrategy's recent acquisition of 5,262 Bitcoins at an average price of $1 52, bringing their total holding 77 BTC. (Yahoo Finance)
Additionally, government holdings are notable, with the U.S. government commanding over $19 billion in BTC. (CCN) These developments underscore the growing institutional and governmental interest in Bitcoin, reinforcing its status as a significant asset in the global financial landscape.
#btc
Bitcoin (#BTC) gradually inched closer to the $100,000 mark but fell short by a few dollars. The price action has formed a small channel, which could dictate the market's direction following a potential breakout. Currently, market activity remains subdued, making it prudent to wait for a significant increase in trading volume before taking action.
#btc crypto
#follow
#btc crypto
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Today's PNL
2024-12-26
-$55.76
-4.23%
Marth Defenderfer Iozs:
Idén?
The cryptocurrency market has shown signs of recovery, with the prices of Bitcoin, Ethereum and other altcoins rising over the past 24 hours. The price of Bitcoin rose from $94,000 to $99,000, driven by investor expectations of a "Santa Claus rally." Bitcoin is currently trading above $98,000, but any change in sentiment could lead to profit-taking.
$ETH
According to Farside Investors data on December 25, BlackRock's Bitcoin fund recorded its largest outflow since its launch. The iShares Bitcoin ETF (IBIT) saw outflows of $188.7 million, nearly doubling the previous record of $72.7 million on Friday.
$BTC
In total, U.S.-based spot bitcoin funds saw outflows of $338.4 million on the same day. Fidelity’s FBTC fund saw outflows of $83.2 million, while Ark Invest’s ARKB fund saw outflows of $75 million. Other crypto exchange-traded funds saw little activity
#btc
#ETH🔥🔥🔥🔥🔥🔥
$ETH
According to Farside Investors data on December 25, BlackRock's Bitcoin fund recorded its largest outflow since its launch. The iShares Bitcoin ETF (IBIT) saw outflows of $188.7 million, nearly doubling the previous record of $72.7 million on Friday.
$BTC
In total, U.S.-based spot bitcoin funds saw outflows of $338.4 million on the same day. Fidelity’s FBTC fund saw outflows of $83.2 million, while Ark Invest’s ARKB fund saw outflows of $75 million. Other crypto exchange-traded funds saw little activity
#btc
#ETH🔥🔥🔥🔥🔥🔥
#XmasCryptoMiracles #btc
I'm 20 years old
I changed my file after crypto entry crypto is very good also i support binnance is very rewardable for me he change me as a Rewrd i Also make money 1500 dollar in this year to do binnance and web3 Event thank you binnance and thank you btc
I'm 20 years old
I changed my file after crypto entry crypto is very good also i support binnance is very rewardable for me he change me as a Rewrd i Also make money 1500 dollar in this year to do binnance and web3 Event thank you binnance and thank you btc