🔶Interest rate cut expectations have been brought forward

According to the analysis of data over the years, the New Year period is an investment boom in the crypto market. Whether it is exchanges or projects, they will launch some activities to celebrate the Chinese Lunar New Year. During this period, investment enthusiasm will reach its peak in the past eight months.
According to the analysis of data over the years, the Chinese New Year period is an investment boom in the crypto market.
🔶Wish everyone a prosperous year of the Rabbit
🔶Wishing everyone a prosperous Year of the Rabbit

🔶 Summers: The U.S. economy is likely to be in recession and the Fed’s interest rate hike cycle is nearing the end

According to news on January 14, former U.S. Treasury Secretary Summers said that despite encouraging news in recent weeks, the U.S. economy still faces a recession this year. One has to be careful about false dawns, and I still think a recession is more likely than not this year. The latest U.S. inflation report released the day before showed that the year-on-year increase in CPI further slowed to 6.5%, the lowest level since October 2021. Summers said this evidence of subdued wage growth was "good news" in the near term after corporate earnings growth slowed in December. Summers has argued for some time that only a recession could bring U.S. inflation down toward the Fed's 2% target. He expects the Fed's rate hike cycle to be coming to an end.

🔶Bitcoin market value surpasses Tesla

Data shows that as the price of Bitcoin rises above US$20,000, its market value has risen to US$392.42 billion, surpassing Walmart (current market value of approximately US$391.81 billion) and Tesla (current market value of approximately US$386.5 billion).

🔶The total crypto market capitalization is back above $1 trillion

Data shows that as BTC once again exceeded the US$20,000 mark and ETH exceeded the US$1,500 mark, the current total crypto market value has returned to above US$1 trillion again, approximately US$102,250,864,744.3 billion, up 5.2% in the past 24 hours. The 24-hour trading volume is approximately US$81 billion, with BTC currently accounting for 39.5% and ETH accounting for 17.9%.

🔶In the past 24 hours, the entire network contract liquidated 425 million

The latest data shows that the liquidation amount of the entire network's contracts in the past 24 hours has reached 425 million US dollars (of which 240 million US dollars have been liquidated in the past 1 hour), the Bitcoin contract liquidation amount has reached 177 million US dollars, and the Ethereum contract liquidation amount has been 122 million US dollars. Dollar.

🔶Data: Bitcoin’s 7-day average trading volume hits a 14-month high

According to news on January 14, data showed that Bitcoin’s seven-day average transaction volume reached 11,779.565, a 14-month high.

🔶Today’s panic and greed index is 46, and the level of panic has dropped significantly

According to news on January 14, today’s panic and greed index is 46 (yesterday was 31). The level of panic has dropped significantly from yesterday, and the level is still panic. Note: The panic index threshold is 0-100, including indicators: volatility (25%) + market trading volume (25%) + social media popularity (15%) + market research (15%) + Bitcoin’s popularity in the entire market Proportion (10%) + Google hot word analysis (10%).

We have experienced too many difficulties in 2022, and we will definitely have a smooth start to the new year! 🔶What is your wish for #crypto2023 ?

After being away for a few days, the company moved to the digital campus years ago, truly moving one step closer to the Metaverse. #Web3 #Binance
Tomorrow I will bring a long article to talk with you about our #crypto2023
🔶Please pay attention and stay tuned

🔶Barclays: Still expecting the Fed to raise interest rates by 50 basis points in February and 25 basis points in March

Barclays still expects the Fed to raise interest rates by 50 basis points at its February meeting and by 25 basis points in March. Economists believe a smaller rate hike in March will be a response to growing evidence of slowing economic activity and the labor market, as well as continued moderation in inflation data. That would bring the federal funds target range to 5%-5.25% after March, corresponding to the midpoint of the dot plot in the December Economic Forecast Report. However, the February FOMC decision still depends on the release of key data, such as December CPI due next week.
Economists said that looking beyond March, they expected the FOMC to pause on raising interest rates but did not rule out the possibility of continuing to raise rates gradually if the committee failed to see enough economic slowdown.

🔶BUSD supply decreased by $5 billion in 24 days

Data shows that the supply of stablecoin BUSD has dropped significantly in the past 30 days, decreasing by approximately 23.8% between December 5, 2022 and January 6, 2023. Effective December 13, 2022, BUSD supply has decreased by more than $5 billion, from $21.84 billion to $16.77 billion. BUSD has a market capitalization of approximately US$16.77 billion. Since December 13, 2022, the net redemption volume of BUSD has been approximately 5,066,884,674 pieces.

🔶Data: The number of addresses holding more than 10 Ethereum hit a record high

Data shows that the number of addresses holding more than 10 Ethereum reached 352,360, a record high.

🔶灰度GBTC负溢价率小幅回落至43.9%

数据显示，当前灰度总持仓量达149.97亿美元，主流币种信托溢价率如下：BTC，-43.9%；ETH，-52.54%；ETC，-68.9%；LTC, -58.68%；BCH，-50%。

🔶Today’s panic and greed index is 25, and the level of panic is the same as yesterday

Today's panic and greed index is 25 (yesterday was 25). The level of panic is the same as yesterday, and the level is still extreme panic. Note: The panic index threshold is 0-100, including indicators: volatility (25%) + market trading volume (25%) + social media popularity (15%) + market research (15%) + Bitcoin’s popularity in the entire market Proportion (10%) + Google hot word analysis (10%).

🔶Federal Reserve Bostic: Interest rates are expected to rise above 5% in 2023

Fed Bostic said: We still need to stick to the end, the current inflation is too high. My preference would be to raise rates to 5%-5.25% and then leave them there. I expect interest rates to rise above 5% in 2023. We need to keep interest rates at their peak until 2024, and there is little urgency to cut rates.

🔶Today’s panic and greed index is 25, and the level has changed from panic to extreme panic

Today's panic and greed index is 25 (yesterday was 26). The level of panic has increased compared with yesterday, and the level has changed from panic to extreme panic. Note: The panic index threshold is 0-100, including indicators: volatility (25%) + market trading volume (25%) + social media popularity (15%) + market research (15%) + Bitcoin’s popularity in the entire market Proportion (10%) + Google hot word analysis (10%).

🔶Report: Crypto Industry Lost Over $3.9 Billion in 2022

The entire cryptocurrency industry lost over $3.9 billion in 2022. The five major breaches that year alone totaled $2.361 billion, accounting for 59.8% of all losses in 2022. Hacking will remain the leading cause of losses in 2022, accounting for 95.6%, while fraud, scams and theft accounted for only 4.4% of total losses. DeFi projects continued to be the main targets for successful exploitation during the year, accounting for 80.5% of total losses, while CeFi accounted for 19.5% of total losses. In addition, the two most attacked chains in 2022 are BNBChain and Ethereum, accounting for more than half of the chain attacks in 2022, reaching 63.3%. BNB Chain surpasses Ethereum to become the most watched chain in 2022.

🔶Fed Evans said that even if interest rates rise by 0.25 percentage points, it does not mean that the Fed is ready to stop raising interest rates.

🔶Poolin’s Bitcoin computing power share has dropped by 94% from its historical high

According to news on January 7, data shows that the computing power share of Bitcoin mining pool Poolin has dropped from a historical high of 18% to the current 1%, a drop of 94%. About a year ago, Poolin could contribute 4,354 blocks and its computing power share accounted for 8.182% of all Bitcoin mining pools. However, entering 2022, it encountered liquidity problems after the mining difficulty increased and the price of BTC fell. Data shows that the Poolin wallet held approximately 22,000 BTC in early November, but this dropped to approximately 6,000 in December.