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Bitcoin is experiencing a three-day bearish trend, dropping closer to $92,000 amid concerns over the US DOJ's approval of a significant BTC sale and substantial outflows from spot Bitcoin ETFs. Despite this downturn, analysts suggest that the bullish outlook remains intact, as key market peak indicators have not yet been met, indicating potential for future rallies. Investors are advised to remain strategic and focus on the broader bullish trajectory rather than reacting to short-term volatility.
Toncoin (TON) experienced a remarkable 94% surge in whale transaction volume, totaling $8.21 billion, despite a broader market downturn. Currently trading at $5.12, TON's price has declined 3.25% in the last 24 hours, with analysts predicting potential highs of $7.33 by January 2025 and $26.60 by year-end. The ongoing market sell-off is largely driven by inflation concerns following the Federal Reserve's recent meeting, which hinted at slower interest rate cuts.
The S&P 500 has historically experienced significant declines without a recession, often driven by fears of one, as seen in 2022 when the index fell 25% amid rising interest rates and inflation concerns. High valuations, reminiscent of past market crashes, are a current worry, with the S&P 500 at its highest multiple since the late 1990s tech bubble. Notably, past market debacles were preceded by peak valuations, raising questions about the sustainability of current market conditions.
Global shares were mixed as the U.S. stock market observed a National Day of Mourning for former President Jimmy Carter. European stocks saw modest gains, while Asian markets mostly declined amid concerns over trade friction and rising interest rates in Japan. The U.S. Labor Department's upcoming jobs report is anticipated to influence market sentiment.
Pro-crypto lawyer John Deaton has volunteered to lead an investigation into "Operation Choke Point 2.0," aiming to uncover potential corruption in government efforts to de-bank crypto firms, emphasizing the broader implications for free enterprise and regulatory overreach. Coinbase's chief legal officer, Paul Grewal, supports this initiative, revealing evidence of the FDIC's coordinated attempts to hinder various crypto activities, calling for congressional hearings to address these actions.
CFTC Chair Rostin Behnam will resign on February 7, following the inauguration of President-elect Donald Trump, amid a wave of departures from crypto-skeptic regulators. His exit comes as the crypto industry anticipates a shift towards more favorable policies under new leadership. Michael Barr, Vice Chair for Supervision at the Federal Reserve, also announced his resignation, further indicating a potential regulatory overhaul.
Michael S. Barr has resigned as Vice Chair for Supervision at the Federal Reserve, a move expected to alleviate concerns over stringent crypto regulations during President Biden's final months. Known for his anti-crypto stance, Barr's departure may signal a shift towards more balanced policies, as the Fed will not pursue major new regulations until a successor is appointed. This change comes amid a broader regulatory overhaul anticipated under President-elect Trump, who aims for a friendlier approach to digital assets.
The cryptocurrency market kicked off 2025 with a 4.6% increase in market cap, reaching $3.4 trillion, driven by Bitcoin's rise to nearly $96,600. Analysts predict Bitcoin could hit new all-time highs between $150,000 and $200,000, fueled by potential regulatory changes and institutional investment under the Trump administration. Altcoins like Ethereum and Chainlink are also expected to perform well, while cryptocurrencies linked to artificial intelligence may see increased interest.
The AUD/USD has declined significantly, closing at 0.6217, nearly 9% lower than the start of 2024, largely due to offshore factors including Trump's election victory, which is expected to spur US fiscal expansion and higher interest rates. The fate of the currency pair in 2025 hinges on the implementation of Trump's policies, particularly regarding tariffs on China, with potential increases likely to pressure the AUD. Technical analysis indicates critical support levels at 0.6199 and 0.6170, with a fall below these levels risking a drop towards 0.6000.
Bitcoin (BTC) recently fell below $96,000 after over 33,000 BTC, valued at approximately $3.2 billion, was sent to exchanges, indicating potential sell-offs. Despite this dip, analysts remain optimistic, with predictions suggesting a rebound to $110K by year-end and over $320K by 2025. Concerns over inflation and the Federal Reserve's stance on interest rates have added to market volatility.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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market declines can occur without recession fears driving investor sentiment
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