🚨Chances of approval for the ETF on Litecoin and Dogecoin in the USA have reached 90% and 75%!🚨
📈 What does this mean for k
🚨Chances of approval for the ETF on Litecoin and Dogecoin in the USA have reached 90% and 75%!🚨
📈 What does this mean for cryptocurrencies? Bloomberg analysts predict that the chances of approval for the Litecoin (LTC) ETF in the coming months are 90%, and for Dogecoin (DOGE) — 75%! This data was provided by analyst James Seyffart. We remind you that he and his colleague Eric Balchunas accurately predicted the launch of spot Bitcoin ETFs in 2024.
⏸The Fed keeps the rate at the same level of 4.5% Previous: 4.5% Expected: 4.5%
▶️Key points from Jerome Powell's speech: ▪️Jerome Powell confirmed the strength of the U.S. economy, noting that inflation is gradually approaching the target of 2%, although it remains relatively high. ▪️He emphasized that labor market conditions are balanced, with stable unemployment, indicating that the labor market is not contributing to inflation. Additionally, he assured that inflation expectations remain firmly anchored. ▪️Powell stated that while the recent rate cut was appropriate, there is no urgency for further cuts as the economy remains resilient. ▪️Looking ahead, he confirmed that the Fed will conduct five-year planning in 2025 but indicated that changing the inflation target of 2% is not under discussion. ▪️In response to a question about recent calls from Trump for rate cuts, Powell declined to comment, stating that the Fed will focus on its work. He also noted that he had not received any direct communication from him.
Highlights from Jerome Powell's Press Conference (FOMC)
➡️ The U.S. economy remains strong, with GDP potentially exceeding 2% in 2024. ➡️ Inflation is approaching the target level, but is still somewhat elevated. ➡️ There is no rush to lower interest rates. ➡️ The Fed is focused on real progress in inflation and the labor market before taking further steps. ➡️ Forecasts are uncertain due to potential changes in the new administration's policy. ➡️ The U.S. is gradually moving away from dependency on trade with China. ➡️ Artificial intelligence is becoming an important factor for the stock market. ➡️ There is no need to wait for 2% inflation to begin lowering rates. ➡️ Assets in the market are overvalued by many metrics. ➡️ Banks may work with cryptocurrencies with proper risk management.
Overall, the Fed maintains a wait-and-see position, noting that further changes in rates depend on macroeconomic data.
💎 Major Events of the Upcoming Week:
🔹Monday, January 27:
🇨🇳China - Purchasing Managers' Index
💎 Major Events of the Upcoming Week:
🔹Monday, January 27: 🇨🇳China - Purchasing Managers' Index for Manufacturing/Non-Manufacturing/Composite PMI (January) - 04:45 MSK 🇪🇺EU - Speech by ECB President C. Lagarde - 11:10 MSK 🇺🇸USA - New Home Sales (December) - 18:00 MSK
Trump's statements today are a mix of political strategy and economic hype, which may affect the crypto market.
Key initiatives to consider: 🔹 US economy:
Trump demands the Fed to cut rates. If this happens, there will be more liquidity in the markets, which is positive for BTC and alts.
Called on businesses to produce domestically. This may indirectly hit international corporations, but new opportunities are opening up for local projects, such as American blockchains.
The crypto market looks a bit volatile today. We see corrections in many major assets, including BTC and ETH. This is a perfect time for those who are not afraid of volatility and want to buy at lower prices. But be careful, do not put everything on one card.
Some altcoins show good dynamics, especially those related to DeFi and NFT. But remember, always keep stop losses in case of sharp movements.
The market can change at any moment. If something interesting appears, I will write in more detail and look at the charts.
*I hope you did not invest in TRUMP for the long term🌝
🚨 MicroStrategy continues to strengthen its position in BTC!
The company MicroStrategy has acquired bitcoins worth $1.1 billion, marking the 11th consecutive week it has increased its cryptocurrency assets.
📈 What does this mean? - $47.9 billion in bitcoins on the balance sheet. - Average purchase price: $101,191 per bitcoin. - The company is actively increasing its positions by financing the purchase of bitcoins through the sale of shares and debt obligations.
💥 What will happen next? MicroStrategy shareholders will vote to increase the number of authorized Class A shares from $330 million to $10.3 billion, allowing the company to continue large-scale cryptocurrency purchases.
This is happening against the backdrop of an anticipated more favorable regulatory environment for cryptocurrencies, supported by the Trump administration.
Showed two closed on-chain metrics for major players. They are the ones who move the market and it is important to understand their sentiments around ATH.
We have formed a signal that many will perceive as a SHORT button, but we have destroyed it. And an important factor before moving to 120K$BTC $