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The BRICS alliance is set to expand in 2025, with growing interest from African nations eager to join. This expansion could enhance bilateral trade and local currency settlements, appealing to developing countries seeking alternatives to the US dollar. Additionally, discussions around cryptocurrency adoption are intensifying, with proposals for an electronic payment infrastructure that may position Bitcoin as a viable alternative to the dollar, potentially reshaping global economic dynamics.
All eyes are on the Federal Reserve this week, with Jerome Powell's press conference expected to provide key insights following a projected 25 basis point rate cut. The eurozone's purchasing managers index shows improved business sentiment, while the ifo Business Climate Index and US retail sales figures will also be closely monitored. Additionally, the GDP growth rate and PCE core deflator data later in the week are anticipated to influence market movements.
IG
Lark Davis warns crypto investors to prepare for a potential market downturn within the next 369 days, emphasizing the importance of seizing current opportunities before they vanish. While altcoins may temporarily outperform Bitcoin, he cautions that many will not survive the next bear market. Davis highlights the need for strategic profit-taking and warns against excessive leverage, urging investors to remain disciplined and focused on long-term goals amidst looming economic uncertainty.
Bitcoin is trading above $103,000, buoyed by strong market sentiment, but faces potential volatility this week due to key economic events, including the Federal Reserve's expected interest rate cut and U.S. economic data releases. Central bank decisions in Japan and the U.K. will also play a crucial role, with any unexpected shifts likely to impact Bitcoin's price. Traders are closely monitoring macroeconomic developments, particularly the psychological $100,000 level, as they assess the market's risk appetite.
Bitcoin surged past its all-time high of $106K, driven by a 50% increase following the US election and expectations of a 25-basis-point interest rate cut by the Federal Reserve. However, a potential 'hawkish rate cut' could negatively impact Bitcoin's future.In this volatile market, the meme coin Wall Street Pepe ($WEPE) has raised over $25M in presale, offering trading insights to help investors navigate fluctuations. As the financial landscape shifts, tools like $WEPE are becoming essential for crypto traders.
The Swiss National Bank (SNB) is lowering the interest factor for sight deposits from 22 to 20, effective February 1, 2025, in response to increased minimum reserve requirements. This adjustment follows a previous reduction from 25 in October and aims to maintain effective monetary policy and support an active money market. Interest on sight deposits up to the limit will continue to be paid at the SNB key rate of 0.50 percent.
Governments' increasing interest in Bitcoin as a hedge against financial instability could lead to widespread adoption and significant price increases over the next decade, according to Binance founder Changpeng Zhao. He emphasizes Bitcoin's advantages over gold, including its fixed supply and portability, predicting its market cap could surpass gold's $16 trillion. With Bitcoin currently trading above $100,000, rising institutional investments and potential U.S. adoption of Bitcoin reserves are fueling bullish momentum.
The crypto market rebounded after a brief selloff, with Bitcoin reaching a new all-time high of $106,600, supported by strong ETF inflows totaling $2.17 billion. Ethereum also saw positive inflows, rising to $3,950, while Solana and Ripple faced mixed price actions, with Ripple trading at $2.36 after a recent peak of $2.90. The upcoming Fed rate decision on December 18 may influence market dynamics, particularly for Bitcoin.
Donald Trump's upcoming presidency is seen as a potential turning point for the cryptocurrency industry, with promises to position the U.S. as a global crypto hub and roll back existing regulations. However, concerns remain about the lack of a clear regulatory roadmap and the potential for increased partisanship in crypto discussions. Critics warn that Trump's personal investments in crypto could create conflicts of interest, while advocates hope for a more innovation-friendly environment under his administration.
Stock futures are set to rise as investors brace for the Federal Reserve's upcoming interest rate decision, with the Dow Jones and S&P 500 up 0.2% and 0.3%, respectively. Bitcoin reached a record high of around $104,000, buoyed by optimism surrounding the new administration. Major tech stocks showed gains, while Super Micro Computer faced a 12% drop ahead of its removal from the Nasdaq 100.

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