According to Jinshi Data, the Federal Reserve cut interest rates by 25 basis points at its meeting. The Fed's dot plot suggests that there will only be two interest rate cuts next year and that it may suspend interest rate cuts in January.
Peter Cardillo, chief market economist at Spartan Capital Securities, said the market is now turning downward because the pace of rate cuts has slowed and a pause in rate cuts is coming. The Federal Reserve is considering the uncertainty of inflation.
According to BlockBeats, on December 19, the Federal Reserve FOMC released a summary of economic expectations for December. The Fed raised its GDP growth forecast for this year and next, and lowered its unemployment rate forecast for this year and next.
In addition, the Federal Reserve raised its inflation expectations for 2024-2026 and across the board raised its median interest rate expectations after this year.
● Gunlak predicts short-term sideways movement for gold and Bitcoin
According to Odaily Planet Daily, the "new bond king" Gundlach said that positions in gold and Bitcoin may continue to increase, but both will fluctuate sideways in the short term.
Gundlach also said: "I will never hold Bitcoin until a new administration takes office."
Additionally, Gundlach said that if energy prices rise significantly, we may not see the Fed cut interest rates until 2025.
● BlackRock recommends using gold and Bitcoin to supplement bond investments
According to ChainCatcher, BlackRock pointed out in the report that government bonds are no longer a reliable buffer against the sell-off of risky assets such as stocks. In the case of rising inflation, bonds may not be able to effectively diversify portfolio risks. Investors should consider gold and Bitcoin as new diversified investment tools.
● U.S. Wyoming Senator predicts 2025 to be a key year for Bitcoin and cryptocurrency
According to Odaily Planet Daily, Wyoming Senator Cynthia Lummis believes that 2025 is a key year for Bitcoin and cryptocurrency, and expects that multiple proposed policies and government positions will drive change.
Lummis said at X that with David Sacks as crypto czar, the government will be the most supportive of digital assets, and she looks forward to working with Sacks to pass comprehensive digital asset legislation and strategic Bitcoin reserve proposals. Earlier this month, Trump appointed David Sacks to oversee AI and crypto policy next year, working to develop a legal framework that will allow the crypto industry to thrive in the United States.
● Binance survey: Over 23% of respondents believe AI tokens will lead growth
Binance Blog published its latest article, exploring the latest trends and sharing expectations for the crypto market in 2025. The survey showed that 19.39% of respondents expect there will be more crypto regulation in 2025, and 23.89% believe that AI tokens will lead market growth.
The survey also pointed out that nearly 45% of participants will enter the crypto field in 2024, and 31.09% will trade regularly. Binance Spot trading is the most popular product, with 25.89% of users actively using it. Meme coins, Bitcoin and BNB are the most commonly held tokens by users. The survey reflects users' views on the crypto market and their expectations for future trends.
● Analysts say ETH market sentiment is at a low point, which may be a bullish signal
According to Odaily Planet Daily, crypto analyst AIi said that ETH's market sentiment is at its lowest level since December 18, 2023, which is a typical bullish signal. At that time, ETH rose 30% after market sentiment hit the bottom.
