Market Insights
Article by Elisha
BTC refreshed all-time high during last night’s New York session, rallying to a peak of $93,480. The move came after US headline and core inflation matched expectations at 2.60% and 3.30% respectively. Market is currently pricing in 82.5% chance of a 25bps cut in the upcoming December FOMC meeting.
As of this morning, crypto up has pushed the global market cap of crypto above $3 trillion, above its 2021 peak of $2.77 trillion.
In view of Bitcoin’s impressive rally since the US election, our view is that $100,000 – $120,000 may not be too far off. As we prepare for the next move up, it is important to note the following trends and risk factors:
We believe that the underlying strength in BTC represents a systematic shift in the market in anticipation of Trump’s return to office. His idea of launching a strategic BTC reserve and rotation from Gold to BTC, provides a strong narrative that keeps BTC prices supported.
a) For the front-end traders, they were frantically covering their short positions as the continued rally squeezed into their shorts b) Mid-tenor traders were relatively
Reject modernity, embrace tradition. These 4 four words would have served you well in navigating (and profiting!) from crypto markets in the past week. Seasoned
BTC briefly touched 98k over the Thanksgiving weekend, driven by Saylor’s BTC investment strategy presentation to Microsoft. Microsoft’s shareholders are scheduled to vote on a
BTC reclaimed the critical 95,000 level last night after PCE price index came in as expected. ETH was the main outperformer yesterday as it rallied
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