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VanEck forecasts Bitcoin could reach $180,000 by 2025, driven by institutional demand and the potential establishment of a US strategic reserve. The report also highlights Ethereum, Solana, and Sui as top performers, with significant growth expected in AI agents, tokenized securities, and stablecoins. Additionally, corporate Bitcoin holdings are projected to grow by 43%, while decentralized exchange trading volumes may exceed $4 trillion.
VanEck anticipates a cryptocurrency correction in Q1 2025, predicting Bitcoin could peak at $180,000 and Ethereum at over $6,000 by year-end. A 30% retracement in BTC and up to 60% declines in altcoins are expected during market consolidation. Institutional adoption and regulatory changes are projected to drive significant demand and price increases.
Crypto analyst Master Kenobi has noted a premature decline in Bitcoin's price dominance, which began 20 days earlier than expected, entering a volatility phase that could last until April 6, 2024. This period is seen as critical for capital rotation from Bitcoin profits, potentially signaling the start of an altcoin season. Historical patterns suggest that the bottom in Bitcoin dominance may occur in early March, with significant market peaks anticipated around the Bitcoin halving in 2025.
Chainlink's price is set for significant growth as SWIFT and Coinbase adopt its Cross-Chain Interoperability Protocol (CCIP), bridging traditional finance with blockchain. Analysts speculate that this could drive LINK towards $800 in the next market cycle, especially with increasing institutional adoption.The integration with SWIFT, which processes $150 trillion annually, is expected to enhance demand for LINK tokens, potentially pushing its market cap to $500 billion. A recent golden cross on the price chart indicates bullish momentum, with support levels suggesting further upward movement if LINK maintains above $21.30.
The Senate approved several judicial nominees and the House passed an $883 billion defense authorization bill for fiscal year 2025, which includes pay raises for servicemembers. Congress is also working on extending government funding and disaster assistance before the holiday recess. Meanwhile, the Biden administration's $2 billion loan to Ukraine may be the last U.S. assistance for now, as discussions on potential reforms to Social Security and Medicare remain distant.
Adobe's 2025 sales and earnings guidance fell short of expectations as the company focuses on expanding its generative AI technology before monetization, leading to a stock decline. Oracle also reported mixed results, with a 10% EPS gain and 9% sales increase, but missed high expectations. Meanwhile, Tesla reached a record high amid optimism about self-driving technology, and Alphabet's stock surged following the announcement of a breakthrough quantum computing chip and new AI tools.
Societe Generale has successfully executed the first blockchain-based repo transaction within the Eurosystem, collaborating with the Banque de France through its digital assets subsidiary, Forge. This transaction utilized tokenized bonds as collateral and involved the exchange of central bank digital currency (CBDC) as cash, showcasing the potential of CBDCs to enhance liquidity in digital financial securities. The Banque de France has been exploring CBDC applications since 2021, including cross-border projects and partnerships with major banks.
Wall Street concluded the week with mixed results following a turbulent trading period. Access to certain financial information is restricted for users in the European Economic Area due to legal compliance with the General Data Protection Regulation (GDPR). For assistance, contact customer service.
The Federal Reserve is poised to implement a quarter-point rate cut in December, with a 96.9% probability, reducing the benchmark rate to 4.25%-4.50%. This marks a full percentage point decrease since September, reflecting ongoing efforts to manage economic conditions amid persistent inflation and strong growth.Despite these monetary policy changes, Bitcoin has shown remarkable resilience, trading above $100,000. Factors such as macroeconomic data and significant political developments, including President-elect Trump's nominations for key financial positions, are bolstering Bitcoin's potential strength heading into 2025.
Stocks are set for a losing week, with the S&P 500 and Dow Jones Industrial Average struggling, while Broadcom surged to an all-time high after predicting a 65% AI-driven sales increase, boosting its market cap past $1 trillion. The tech-heavy Nasdaq Composite is positioned for a strong weekly gain, having reached a record close earlier in the week. Meanwhile, UnitedHealth shares plummeted over 15% following the CEO's fatal shooting, contributing to the Dow's challenges.
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VanEck predicts Bitcoin to reach 180000 with US strategic reserve by 2025
19:16 13.12.2024
VanEck forecasts crypto correction in 2025 before reaching all-time highs
19:02 13.12.2024
bitcoin dominance faces volatility as altcoin season approaches, analyst predicts
19:00 13.12.2024
chainlink price poised for significant growth with institutional adoption and partnerships
18:45 13.12.2024
Congress Nears Year-End Goals with Defense Bill and Funding Extensions
18:22 13.12.2024
mixed earnings reports impact stocks as adobe and oracle fall short
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18:16 13.12.2024
societe generale and banque de france complete first blockchain repo transaction
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17:56 13.12.2024
Wall Street closes mixed after a volatile trading week
17:54 13.12.2024
fed signals rate cut as bitcoin remains resilient above 100000
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17:54 13.12.2024
stocks decline as broadcom soars on ai sales forecast
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16:45 13.12.2024
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