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Impact of US Retail Sales Report on Cryptocurrency Market
The U.S. Census Bureau's January 16, 2025 report shows that U.S. retail sales increased 0.4% in December 2024, reaching $729.2 billion. This increase, while modest, reflects stable consumption, with a 3.9% increase compared to December 2023.
This performance suggests that American consumers are maintaining their spending despite a complex economic context. For the cryptocurrency market, this economic stability can have several implications:
This performance suggests that American consumers are maintaining their spending despite a complex economic context. For the cryptocurrency market, this economic stability can have several implications:
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The US Retail Sales report, due tonight at 9:30 PM UTC+1, is a key indicator of the US economy. It measures the value of goods and services purchased by consumers in retail stores, restaurants, and online. It reflects consumer confidence and purchasing power, which are key to assessing the country’s economic health. This report can have a direct impact on the cryptocurrency market. Here’s how:
1. Positive Retail Sales: If retail sales are higher than expected, it could signal a strong economy. In this case, investors may favor traditional assets such as stocks and bonds, reducing the appeal of cryptocurrencies. This could lead to lower demand and downward pressure on crypto prices.
2. Weak Retail Sales: If retail sales are disappointing, it could signal economic weakness. Investors may turn to alternative assets, such as cryptocurrencies, in search of a hedge against economic uncertainty. This dynamic could then lead to an increase in demand and support crypto prices.
In short, a positive report could weaken the crypto market, while a disappointing report could strengthen it.
$XRP $SOL $BNB
1. Positive Retail Sales: If retail sales are higher than expected, it could signal a strong economy. In this case, investors may favor traditional assets such as stocks and bonds, reducing the appeal of cryptocurrencies. This could lead to lower demand and downward pressure on crypto prices.
2. Weak Retail Sales: If retail sales are disappointing, it could signal economic weakness. Investors may turn to alternative assets, such as cryptocurrencies, in search of a hedge against economic uncertainty. This dynamic could then lead to an increase in demand and support crypto prices.
In short, a positive report could weaken the crypto market, while a disappointing report could strengthen it.
$XRP $SOL $BNB
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$BIO Blocking #FDUSD for ten days to get #BIO is a real absurdity!!! A real waste of time!!! I had blocked 1000 FDUSD and in the end I only got 8 miserable BIO with a loss in FDUSD/USDT conversion. So, I invested a small sum of 1000 FDUSD and in the end I end up with a loss of 1 USDT. It is totally absurd and ridiculous to waste your time in Lunchpools. I would have done better to buy when the market was at its lowest instead of expecting anything from this SHITCOIN-BIO. I really feel sorry for the people who bought at 0.9 or more!
Moral of the story: Crypto projects are there to make their creators rich!! Period! Better to invest in well-established projects and wait for the new entrants to stabilize. For me: For the moment BIO is pure legal scam, until proven otherwise!
Cryptocurrency is pure speculation!!! No use so far! Speculate to make money from others who have played badly!
This is just my personal opinion!!!
$BIO $FDUSD $USDT
Moral of the story: Crypto projects are there to make their creators rich!! Period! Better to invest in well-established projects and wait for the new entrants to stabilize. For me: For the moment BIO is pure legal scam, until proven otherwise!
Cryptocurrency is pure speculation!!! No use so far! Speculate to make money from others who have played badly!
This is just my personal opinion!!!
$BIO $FDUSD $USDT