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Investors are increasingly bullish on US stocks, with a record 36% of respondents in Bank of America's December survey indicating an overweight position in equities, the highest in the survey's history. This shift coincides with a drop in cash allocation to 3.9% and a growing belief that the global economy will avoid a recession in 2025. Despite signs of persistent inflation, 33% of investors anticipate a "no landing" scenario, where growth remains strong without a significant decline in inflation.
Ethereum's price has stalled at the $4,000 resistance level, despite positive on-chain metrics and strong demand, with 7.2 million coins purchased just below this threshold. The cryptocurrency is benefiting from Bitcoin's record highs and significant inflows into spot Ethereum ETFs, totaling over $2.3 billion. While a triple-top pattern poses a risk, a breakout could lead to gains towards the all-time high of $4,877 and potentially $5,000.
Ethereum's recent surge, driven by Ether-focused ETFs and institutional interest, has analysts divided on its potential to reach $5,000. Meanwhile, PlutoChain aims to enhance Bitcoin's capabilities by introducing smart contracts and dApps, potentially redefining its role beyond a mere store of value. With its mainnet launch approaching, PlutoChain could significantly impact the blockchain landscape.
Global Bitcoin adoption is surging, with institutions and governments driving demand, potentially pushing its price to $850,000 by 2025. The limited supply of 21 million coins, coupled with significant institutional stockpiling and interest from governments as a hedge against fiat instability, is creating a supply shock. As Bitcoin's role as a digital reserve currency solidifies, retail investors face urgency to act, with current prices around $106,739.74.
Shares dipped 0.7% early Tuesday, with Nvidia and Tesla making headlines. Nvidia fell 1.8% in premarket trading after hitting a sell signal, while Tesla surged 2.6% following an upgrade from Mizuho, reaching new highs.The Dow Jones futures dropped 0.5% as retail sales exceeded expectations, and the Federal Reserve's policy meeting began, with a high probability of a rate cut. Notable stocks to watch include BlackRock, IBM, and Manhattan Associates, with IBM nearing a buy point.
Bitcoin has kicked off the week with a remarkable $600 million inflow into ETFs, reaching an all-time high of $107,000. This surge is primarily driven by BlackRock, which contributed $418 million to the inflow, highlighting strong institutional interest in the cryptocurrency market.
The US regulatory environment is becoming increasingly favorable for crypto ETFs, particularly after the recent elections, with Solana, Ripple, and Cardano poised for potential listings in 2025. Solana has gained traction with two approved ETFs in Brazil and a market cap of $106.6 billion, while Ripple's XRP, despite legal challenges, has seen a 325.7% growth and a market cap of $151.4 billion. Cardano, with a commitment to improvement, has also surged 82.1% to a market cap of $39.4 billion, signaling a promising future for these cryptocurrencies in the ETF market.
XRP's recent price drop to $2.33 may reverse due to the upcoming launch of Ripple's RLUSD stablecoin, potential XRP-backed ETF approvals, and a favorable resolution in its ongoing SEC case. Analysts predict XRP could soar to $35 by 2025, driven by increased institutional interest and a bullish market trend.
Ethereum's ETF market has reached a record $855 million in inflows, driven largely by institutional demand, particularly from BlackRock and Fidelity, which together accounted for over 90% of the total. This surge reflects a growing acceptance of Ethereum as a legitimate asset class, with ETFs offering a regulated and secure investment vehicle. As institutional interest continues to rise, Ethereum's role in portfolios is expected to expand, potentially leading to greater market stability and long-term growth.
Ethena Labs has launched USDtb, a stablecoin backed by BlackRock’s BUIDL fund, ensuring a 1:1 peg to the US dollar with 90% of reserves held securely. Operating across multiple blockchains like Ethereum and Solana, USDtb offers enhanced security and cross-chain interoperability, having undergone rigorous audits by leading security firms. The stablecoin aims to provide low volatility and safe dollar exposure, while also serving as a stabilizing asset for Ethena’s USDe token.
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