Bitcoin dominance increases to 60 percent as altcoins struggle

Bitcoin dominance has surged to 60%, marking a 6% increase in just one week. This rise comes as the altcoin market struggles, largely influenced by recent Federal Reserve policies. The shift highlights Bitcoin's strengthening position amidst a faltering altcoin landscape.

us government shutdown could impact sec ripple case and xrp price

The potential U.S. government shutdown could hinder the SEC's ability to meet a crucial January deadline in its lawsuit against Ripple, raising hopes for a resolution that may benefit XRP. Analysts predict a bullish price trajectory for XRP, especially if the SEC case concludes, with significant whale activity indicating increased interest. Technical analysis suggests key price levels for XRP, with a long-term target of $5.85 if bullish momentum continues.

Nestle stock seen as undervalued by major investor amid market concerns

Nestle SA's stock has plummeted 25% this year, prompting J. Stern & Co to view it as a buying opportunity. Chief investment officer Christopher Rossbach believes the stock is “far too cheap,” despite challenges like a CEO exit and changing consumer habits. Analysts predict a potential gain of over 20% for Nestle shares from current levels.

reactions emerge to final report on credit suisse and ubs merger

The final report from the parliamentary commission investigating the merger between UBS and Credit Suisse has sparked significant reactions from key stakeholders, including Finma and the SNB, as well as various political parties. Ueli Maurer from the PLR criticized the Finance Department for being unprepared during the crisis, while Finance Minister Karin Keller-Sutter was praised for her effective crisis management that averted further turmoil.

Bitcoin drops below 100000 as buying the dip sentiment rises

Bitcoin's price has fallen below $100,000, prompting increased discussions about "buying the dip" as investor sentiment shifts amid a broader market downturn. The Federal Reserve's recent interest rate cut and mixed economic forecasts have contributed to this volatility, with altcoins like Ethereum and Solana also experiencing declines. Despite the overall market slump, some assets like Movement and Zerebro have shown significant gains, while global search interest in cryptocurrencies continues to wane.

political parties urge action on risks posed by UBS megabank

The Greens and Socialist Party in Switzerland are urging authorities to expedite the strengthening of "too big to fail" legislation following concerns about the risks posed by UBS, the newly formed megabank after its takeover of Credit Suisse. They criticize the bank's management for excessive bonuses and call for strict regulations, including a ban on bonuses and improved liquidity requirements. Meanwhile, other parties emphasize the need for effective financial supervision without overregulation, highlighting the importance of UBS in supporting the Swiss economy.

bitcoin poised for surge as nations race to secure strategic reserves

Bitcoin is poised for a significant price surge, potentially reaching $500,000, as nation-states and corporations explore it as a strategic reserve amid a looming supply shock. The U.S. is considering establishing a Bitcoin reserve, with a proposed executive order to purchase BTC using $21 billion from the Exchange Stabilization Fund, while countries like the UAE are reportedly accumulating large amounts of Bitcoin. As global adoption increases, the dilemma of holding versus selling Bitcoin intensifies, with its current price around $95,513.26.

critique of icc report on credit suisse highlights failures and weak recommendations

The ICC report on Credit Suisse has been criticized as uncritical and ineffective, with expert Peter V. Kunz labeling its 20 recommendations as useless. He argues that the report absolves authorities of responsibility, particularly highlighting the failures of the Swiss Financial Market Supervisory Authority (FINMA) while acknowledging the Swiss National Bank's professionalism. Overall, Kunz believes the report wasted valuable time without exerting necessary pressure on policymakers.

ethereum surges past four thousand as jetbolt gains traction in altcoin market

Ethereum (ETH) has surged past $4,000, raising speculation about a potential new yearly high as it experiences a 53.3% growth this year. Meanwhile, JetBolt (JBOLT) has gained traction with its zero-gas technology and user-friendly Web3 wallet, selling over 200 million tokens in presale. The coming months will be pivotal for both ETH and JetBolt as they navigate the evolving crypto landscape.
16:00 20.12.2024

lessons from the downfall of credit suisse and the puks findings

A PUK has been established in Switzerland for the first time in nearly 30 years, producing a comprehensive 500-page report on the authorities' response to the Credit Suisse crisis. The findings include both praise and criticism, particularly directed at the former management, raising questions about the preparedness of Swiss politicians for future financial crises. For more insights, listen to the podcast series "The end of Credit Suisse" from "News Plus."
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