Good morning!
* This week is KEY for the market with a LOT of ECONOMIC DATA and PROJECTIONS for 2025:
Monday:
-Manufacturing PMI.
-PMI of services.
Tuesdays:
-Retail sales.
Wednesday:
-FOMC economic projections.
-FOMC Statement.
-Interest rate decision.
-FOMC press conference.
Thursday:
-US GDP.
-New applications for unemployment benefits.
-Philadelphia Fed Manufacturing Index.
-Second-hand home sales.
Friday:
-PCE inflation.
The MOST IMPORTANT day is Wednesday for the ECONOMIC PROJECTIONS since they include the amount of cuts that the FED plans for the FUTURE.
GDP is FUNDAMENTAL to evaluate the RECESSIONAL situation of the country.
* BlackRock has released a new video educating its clients on $BTC
* GLOBAL GIANT VanEck has revealed its predictions for 2025.
Bitcoin will break 180 ku USD in Q1 2025.
US to approve BTC Strategic Reserve.
We will experience another Bull Run in Q4.
* Bloomberg ETF analyst Eric Balchunas said a wave of cryptocurrency ETFs is expected to emerge next year, and the first may be a BTC+ combination ETF $ETH
* Crenshaw will no longer be nominated for re-election. She is a skeptic of cryptocurrencies.
* Wallets associated with the PENGU project (or early investors) are selling a large amount on-chain.
* According to Fortune, British stablecoin infrastructure firm BVNK announced it has received $50 million in Series B funding.
* According to Bloomberg, Trump met with Kris Marszalek, CEO of cryptocurrency exchange Cryptocom.
* Ripple has OFFICIALLY launched its stablecoin RLUSD.
* Over $272.3 million worth of XRP shorts could be liquidated if $XRP hits $3, indicating a potential short squeeze.
* NYSE TV will discuss Ripple's new stablecoin, RLUSD on its TV channel.
The LARGEST and OLDEST STOCK EXCHANGE in the WORLD shares cryptocurrency news on its channel, demonstrating the change in NARRATIVE.
* Bitcoin just touched 108 kudos dollars FOR THE FIRST TIME IN HISTORY.
* Over $2 Billion Could Be Liquidated If Bitcoin Breaks 111 Kusd
* A European parliamentarian claims that: “Donald Trump will create a Bitcoin Strategic Reserve.”
“What is the EU doing?”
“It is time to change the paradigm and protect our people from inflation.”
* BREAKING: Trump says Elon Musk's Department of Government Efficiency (DOGE) will “eliminate billions of dollars in waste and fraud, potentially saving $2 trillion.”
* Tether has invested in StablR, the European stablecoin provider.
* Binance announced Binance Alpha, a new platform within Binance Wallet.
* Sarah Knafo, Member of the European Parliament, gave a pro-Bitcoin speech at the European Parliament.
* Lido announced on Monday that it would stop offering staking services for Polygon.
* According to Spot On Chain, Curve Finance founder Michael Egorov purchased around 1.08 million CRV tokens at an average price of $1.11.
* Nomura, a global investment BANK based in Tokyo, shared a list of 6 EVENTS that can cause the MARKET to FALL.
1. Nvidia Crash:
The American market is VERY concentrated in this stock, it represented 20% of the SP500's gains in 2024.
Nvidia, NVDA, now has a market cap equivalent to 11.7% of total US GDP.
By comparison, at the peak of the dot-com bubble, Cisco's market capitalization was equivalent to 5.5% of GDP.
2. Carry Trade of the Yen:
When the Bank of Japan decided to raise interest rates months ago, it caused historically cheap loans to become more expensive.
Investors who borrowed the yen had to sell their assets to repay the suddenly expensive loans.
If they RAISE the INTEREST RATE AGAIN, we could see massive sell-offs again.
3. 10-year BOND yields ABOVE 6%:
If US Treasury yields rise above 6%, safer investments may look more attractive.
This would reduce demand for riskier assets like Bitcoin.
4. The US growth shock:
If the US economy unexpectedly slows in 2025, it could create problems for global markets.
2 quarters with NEGATIVE growth would mean a RECESSION, the WORST scenario for the market.
5. Geopolitics is getting out of control:
Geopolitical conflicts often cause market instability.
Although geopolitical tensions can cause short-term declines in the market, Bitcoin proved to be the asset that RECOVERS FASTEST.
6. China's stimulus falls short:
China's economic stimulus plans are always closely watched.
If they fail to meet expectations, they could shatter investor confidence.
