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Bitcoin has fallen below $100,000, raising questions about whether this is the end of the bull market or a healthy correction. Analysts attribute the decline to market makers' strategies and predict a bounce back to $101,000, supported by strong buying in the $93,788-$92,200 range.Meanwhile, BlackRock's significant investments in Bitcoin, including a $1.5 billion purchase, highlight institutional confidence in the cryptocurrency, contrasting with broader market selling. The Fear and Greed Index remains in the 'greed' zone, suggesting many view the dip as a buying opportunity.
US equities face increased risk following Jerome Powell's hawkish comments, which initially caused a market drop. Despite a slight recovery after lower-than-expected inflation figures, high investor expectations could lead to significant volatility, especially with uncertainties surrounding economic policies and inflation trends.
Dogecoin (DOGE) has plummeted 25% in two days, raising concerns it may fall below $0.20 amid a broader crypto market correction. Analysts highlight a key support level at $0.22076, while predictions suggest a potential rebound, with forecasts of reaching $1.21 by March 2025.
Google leads a watch list of five stocks near buy points amid market volatility, including CyberArk, Doximity, Sea Ltd., and ACV Auctions. The market reacted to a calming inflation report, but concerns over the Federal Reserve's interest-rate outlook and political developments remain. Analysts see potential benefits for these stocks, particularly Google, if TikTok faces a ban.
Ethereum has struggled to break the critical $4K resistance level, resulting in a 15% weekly decline. Currently, it has found support around $3K, leading to a consolidation phase within the $3.5K–$4K range, with potential for a bullish attempt to retest the resistance if this support holds. The recent market dynamics, including significant liquidations and a cooling of funding rates, suggest a possible setup for a sustainable rally in the coming weeks.
Whales have accumulated 250 million Dogecoin (DOGE) during a recent market dip, leading to a 25% price surge, with DOGE currently trading near $0.32. Significant outflows from exchanges suggest long-term holders are increasing their positions, indicating potential upside momentum. Technical analysis shows resistance at $0.346, with a possible rise to $0.44 if this level is breached.
U.S. stock markets experienced a bearish trend in the pre-holiday week, with the S&P 500 suffering its worst performance in over a month, dropping 2.3%. The decline was influenced by remarks from Fed chair Jerome Powell, impacting major indices across the board.
Solana (SOL) has seen its price plummet from $263 to $183 amid a market downturn triggered by the Federal Reserve's cautious outlook and interest rate cuts. Despite this decline, technical indicators suggest a potential rebound, with signs of upward momentum and a bullish MACD crossover. Investors are closely monitoring whether SOL can regain its footing above the critical $200 support level as market conditions evolve.
US Senator Cynthia Lummis has proposed granting the Federal Reserve the authority to hold Bitcoin as part of the nation's official reserves, aiming to enhance financial stability and counteract national debt. She suggests purchasing 1 million BTC over five years, establishing a Strategic Bitcoin Reserve, despite current legal restrictions. Lummis argues that Bitcoin's long-term growth potential makes it a valuable asset compared to the declining value of the US dollar.
U.S. stocks rebounded on Friday, with the S&P 500 and Dow Jones Industrial Average both rising 1.4%, as better-than-expected inflation data eased concerns over interest rate cuts. Despite this, the market remains cautious amid political uncertainty and potential global trade challenges. Notable declines included U.S. Steel, down 4.9%, and Novo Nordisk, which fell 17% after disappointing news on a weight-loss treatment.
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