{
}
Dogecoin's transaction volume has plummeted to $415 million, the lowest since November, raising concerns about its 300% year-to-date gains. The cryptocurrency has struggled to surpass $0.48 since December 8, and a negative Weighted Sentiment of -0.57 indicates increasing bearishness. If this trend continues, DOGE may drop below $0.36, although a shift in sentiment could allow it to rise to $0.45.
Novartis AG is highlighted as one of the oversold global stocks to consider amid significant market shifts following the 2024 US Presidential Election, where President-elect Donald Trump's victory prompted a surge in banking and energy sectors. His proposed tariffs on China could impact global trade dynamics, leading Chinese leaders to contemplate economic stimulus measures to counteract potential fallout. The situation raises concerns about China's economic growth targets amidst changing international trade relations.
The Federal Reserve is expected to announce its third interest rate cut of the year, lowering the target range to 4.25-4.50%. Investors will closely watch the dot plot for future rate expectations and Fed Chair Jerome Powell's comments on economic policies under President-elect Trump, as resilient growth and inflation concerns shape the outlook. A deceleration in rate cuts is anticipated for 2025, with opportunities for investors in US equities and alternative investments amid potential market volatility.
Stocks are poised for a rebound as the Dow aims to end its longest losing streak since 1978, with futures for the S&P 500 and Nasdaq showing gains. The Federal Reserve's upcoming interest rate decision is in focus, with expectations of a third consecutive rate cut. Healthcare stocks have notably declined, particularly UnitedHealth Group, while Nvidia has seen a slump despite a premarket rise.
Bitcoin has dipped below $104,000 ahead of the final Fed meeting of 2024, which is anticipated to serve as a stress test for the cryptocurrency. Investors are betting on a quarter-point interest rate cut, while uncertainty looms over Jerome Powell's statements.Additionally, there is optimism surrounding potential crypto-friendly policies from Donald Trump, who has hinted at introducing strategic Bitcoin reserves to maintain the U.S.'s competitive edge against China.
On December 17, Bitcoin reached a new all-time high of $107,756.83, driven by institutional investments and market optimism, particularly following MicroStrategy's inclusion in the Nasdaq 100. Analysts predict further price increases due to favorable market conditions and potential political shifts with Donald Trump's return to the White House in 2025. With rising investor sentiment and technological advancements, Bitcoin may soon break its record again.
Venture capitalists are optimistic for 2025, driven by a surge in AI investments, which exceeded $87 billion in 2024. With anticipated regulatory rollbacks, sectors like fintech, energy, and especially crypto are poised for growth, while clean energy and electric vehicles may face challenges. The venture ecosystem is expected to improve compared to 2024.
Metaplanet's stock plummeted 13.73% after the company announced its new Bitcoin Treasury Operations, despite Bitcoin reaching an all-time high above $108,000. The Tokyo-based firm plans to increase its Bitcoin holdings and projects a 240% revenue increase for the fiscal year, aiming for a consolidated operating profit for the first time since FY2017. Currently, Metaplanet holds 1,142.287 BTC, valued at $119 million, positioning it as one of Japan's largest corporate Bitcoin holders.
SEC Commissioner Caroline Crenshaw, known for her critical stance on cryptocurrency, will not be reappointed after the Senate Banking Committee canceled her renomination vote. This decision follows significant backlash from the crypto industry, which has labeled her as "more anti-crypto than Gensler." With her future uncertain, the industry anticipates a more crypto-friendly successor in 2025, potentially leading to a favorable regulatory environment for digital assets in the U.S.
Donald Trump delivered a goodwill speech at the Washington Crypto Policy Summit, emphasizing the U.S. government's commitment to becoming a global leader in cryptocurrency. He assured attendees that the U.S. aims to retain its crypto business domestically, rather than allowing it to shift to countries like China. The summit featured participation from Congress members and industry leaders, focusing on crucial legislative areas such as decentralized infrastructure, stablecoins, and DeFi. A presentation highlighted that 70% of crypto investors considered candidates' digital asset policies in the last election, with 25% of voters owning crypto.
Donald Trump
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
dogecoin transaction volume drops significantly raising concerns over future price stability
14:00 18.12.2024
novartis and global stocks react to shifting political and economic landscapes
13:45 18.12.2024
fed interest rate cuts set to influence markets in 2025
13:41 18.12.2024
Dow aims to end longest losing streak as Fed decision looms
13:39 18.12.2024
Bitcoin Dips Below 104000 Ahead of Fed Meeting and Policy Speculation
13:36 18.12.2024
Bitcoin reaches new all-time high as market optimism grows
13:29 18.12.2024
venture capital outlook 2025 opportunities in ai and crypto amid less regulation
United States Dollar
Salesforce, Inc.
PayPal Holdings, Inc.
Don Butler
Yash Patel
David O. Sacks
Donald Trump
Show more
13:00 18.12.2024
Metaplanet stock drops as Bitcoin treasury strategy raises investor concerns
12:28 18.12.2024
senate cancels vote on sec commissioner crenshaw amid crypto industry backlash
Coinbase Global, Inc.
USA
Brian Armstrong
Caroline Crenshaw
Gary Gensler
Donald Trump
Elizabeth Warren
Show more
12:00 18.12.2024
Trump advocates for US leadership in global crypto policy at summit
United States Dollar
Coinbase Global, Inc.
Filecoin GBP
Hedera USD
Grayscale Litecoin Trust
USA
Kamala Harris
Dritan Nesho
Donald Trump
Show more
11:30 18.12.2024
Trending
Subcategory
Corporate News
Stock Market Updates
Industry Trends
Industry Mergers & Acquisitions
Finance Mergers & Acquisitions
Domestic Politics
Banking Regulations
Global Financial Events
Retail and Consumer Goods
CEO Changes
Government Policies
Workplace Trends
Elections & Campaigns
Market Analysis and Predictions
Central Bank Actions
Global Trade Developments
Startups & Entrepreneurship
Hedge Funds & Private Equity
Banking & Investment Regulations
Corporate Social Responsibility
Countries:
Companies:
Tesla, Inc.
UniCredit S.p.A.
Banco BPM S.p.A.
Deutsche Bank Money Market PP
JPMorgan Chase & Co.
Barclays PLC
Credit Suisse Strategic Income I
Apple Inc.
CREDIT AGRICOLE
SpaceXCoin USD
Lloyds Banking Group plc
BNP Paribas SA
Amazon.com, Inc.
The Goldman Sachs Group, Inc.
UBS Group AG
Credit Agricole
Banco Santander, S.A.
Reinsurance Group of America, Incorporated
Google Inc.
Amundi S.A.
Currencies:
United States Dollar
Euro
British Pound Sterling
Swiss Franc
Chinese Yuan
Indian Rupee
Japanese Yen
South Korean Won
Offshore Chinese Yuan
Hong Kong Dollar
Norwegian Krone
Filipino Peso
Canadian Dollar
Singapore Dollar
Australian Dollar
Danish Krone
Swedish Krona
Mexican Peso
Qatari Riyal
South African Rand
People: