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UBS analysts warn that a looser monetary policy from the Federal Reserve could trigger a stock market bubble, with six of the seven necessary conditions already in place. They predict a 35% chance of a bubble forming by 2025, contingent on further interest rate cuts. To hedge against this risk, UBS recommends investing in reasonably priced stocks in Gen AI and electrification, including TSMC, Meta, National Grid, PG&E, and Vistra.
Bitcoin has dropped below $100,000, currently priced at $97,000 after a 6.4% decline, amid market reactions to Fed Chairman Jerome Powell's cautious remarks on interest rates and a looming government shutdown. Major altcoins like Ethereum and Solana also experienced significant losses, contributing to a 9% decrease in the total crypto market cap to $3.63 trillion. With only two days left for Congress to pass a spending bill, uncertainty looms as President-elect Donald Trump rejects a bipartisan funding measure, potentially leading to a government shutdown on December 21.
Germany's Free Democratic Party (FDP) is prioritizing Bitcoin and crypto policy ahead of the February parliamentary elections, advocating for a strategic Bitcoin reserve within the European Central Bank and the German Bundesbank. Their election manifesto emphasizes modernizing financial regulations to support FinTech innovations while ensuring competitiveness with European standards. The FDP also calls for a digital euro that respects user privacy and remains voluntary, reflecting a balanced approach to embracing digital assets alongside traditional monetary practices.
Wall Street rebounded on Thursday following its worst session in over three months, driven by strong U.S. economic growth data. Market participants found optimism after reflecting on the Federal Reserve's hawkish stance regarding interest rates.
Dogecoin (DOGE) has experienced significant volatility, with an 18.35% drop in value amid broader market uncertainty influenced by Federal Reserve Chair Jerome Powell's remarks. The cryptocurrency's price fluctuations are driven by external events, community sentiment, and its unlimited supply, raising concerns about its long-term viability. As Dogecoin navigates these challenges, its future remains uncertain, with investors closely monitoring its recovery potential.
Co-founders of Glassnode attribute Bitcoin's recent dip below $100,000 to the Fed's hawkish stance on interest rates, but they anticipate a recovery as Bitcoin shows strong outflows from exchanges. Currently trading at $100,426, Bitcoin's dominance is at a critical juncture, potentially signaling a rally or a resurgence of altcoins in the coming days.
Dogecoin's price has plummeted over 25% in just two days, dropping from above $0.41 to a five-week low of $0.31 amid a broader cryptocurrency market correction. Analysts suggest that further declines could see DOGE testing key support levels around $0.22 before potentially resuming its upward trend following the recent political developments in the U.S.
Ethereum (ETH) experienced a 4.50% decline following the Federal Reserve's 25 basis point rate cut, failing to reach the anticipated $4,500 target. Indicators such as the price-Daily Active Addresses divergence and the Coinbase Premium Gap suggest ongoing selling pressure, with a potential drop to $3,501 if trends persist. A head-and-shoulders pattern on the 4-hour chart further signals a bearish trend, although increased trading volume could alter this trajectory.
Bitcoin's price has surged above $100,000, driven by long-term holders booking record profits, with their supply dropping from $14.23 billion to $13.31 billion. Short-term holders are absorbing the sell-side pressure, indicating the market may not yet be in a state of euphoria. Analysts predict a mild correction, with potential price targets of $145,000 by mid-2025 and speculation of a strategic Bitcoin reserve under the incoming Trump administration could push prices to $800,000 by the end of 2025.
Liquidations in the cryptocurrency market have surged past $1 billion as Bitcoin plummeted to under $98,000, following negative remarks from the US Federal Reserve Chair. Altcoins like ETH, DOGE, and ADA experienced severe losses, with over 330,000 traders affected. The largest liquidation order exceeded $11 million on Bitmex, highlighting the volatility in the market.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
ubs warns of potential stock market bubble amid loose monetary policy concerns
National Grid plc
Tesmec S.p.A.
Metagenomi, Inc.
PG&E Corp
Vistra Corp.
USA
Andrew Garthwaite
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21:31 19.12.2024
bitcoin drops below 100000 as market reacts to fed comments and shutdown fears
21:06 19.12.2024
Germany's FDP proposes Bitcoin reserve in election campaign for financial innovation
21:00 19.12.2024
Markets rebound following sharp sell-off amid strong economic growth data
20:08 19.12.2024
dogecoin faces volatility as market dynamics shift and investor confidence wavers
20:06 19.12.2024
bitcoin analysts predict recovery after recent dip triggered by fed's hawkishness
20:05 19.12.2024
dogecoin price plummets 25 percent amid market correction analysts predict further decline
19:56 19.12.2024
ethereum struggles after fed rate cut fails to spark rally
19:30 19.12.2024
bitcoin price surges above 100k as long-term holders book profits
19:25 19.12.2024
liquidations exceed one billion as bitcoin and altcoins face sharp declines
19:13 19.12.2024
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