Pre and Post Market Briefings

TAKING CENTER STAGE Something notable that has occurred this year is the rise in popularity that digital assets like bitcoin have experienced, especially among institutional investors. In fact, U.S. spot-listed bitcoin ETFs have now surpassed Gold ETFs in assets under management, reaching $129.25 billion compared to Gold’s $128.88 billion. In addition, the CME exchange, popular […]

FOCUS ON POWELL Clear expectations are in place as investors eagerly await the Federal Reserve’s anticipated decision to decrease interest rates by a quarter percentage point at today’s meeting, which would mark the third cut of 2024. All eyes are now on Chair Jerome Powell’s forthcoming press conference, where potential adjustments to rate projections for […]

MIXED VIEWS A recent survey has revealed that many, including economists, strategists, and fund managers, predict a 93% chance of a quarter-point rate cut by the Federal Reserve. However, only 63% believe it is the right decision. Forecasts for two more quarter-point cuts by 2025 have been revised down from three, bringing the funds rate […]

ALL TIME HIGHS BUT STILL VOLATILE Bitcoin set a new high record of $106,000 over the weekend, however, this morning the leading crypto has been volatile as investors await the Federal Reserve’s interest rate decision. Bitcoin has been trading between $104,000 and $106,000 after it reached a peak of $106,449 on Sunday. In addition, Ether […]

ACCUMULATION STRATEGY JPMorgan has recently noted that mining companies are adopting the bitcoin accumulation strategy seen in firms like MicroStrategy due to profitability challenges post the reward halving and rising network hashrate. Miners are choosing to stockpile bitcoin or explore opportunities in other sectors like AI and high-performance computing. MARA Holdings is a prime example, […]

SIGNALING POSSIBLE PRESSURES According to the Bureau of Labor Statistics, wholesale prices rose by 0.4% in November, exceeding expectations and indicating a slowdown in inflation progress, The producer price index, which tracks changes in prices of goods sold by manufacturers to measure inflation from their perspective, indicated a notable increase as it saw a 0.4% […]

PRICE HIKES In November, consumer prices increased at a faster rate, with an annual inflation rate of 2.7%. This rise was in line with expectations and signals ongoing concerns about inflation for households and policymakers. Moreover, excluding food and energy costs, core CPI stood at 3.3% annually. As of now, expectations remain optimistic that the […]

POSSIBLE ROCKY STAGE Bitcoin prices have been fluctuating between $94,000 and $95,000 as a result of concerns surrounding Google’s new quantum-computing chip Willow, which initially sparked a slide in value but was swiftly dismissed by analysts. This has left directional traders in a state of uncertainty, awaiting market stability before taking definitive actions. The situation […]

ANOTHER MAJOR PURCHASE MicroStrategy has recently made another substantial investment in Bitcoin by acquiring an additional 21,550 BTC for a total of $2.1 billion. This purchase, completed last week, brought the company’s total Bitcoin holdings to an impressive 423,650 tokens, valued at nearly $42 billion based on current market prices. By selling approximately $2.13 billion […]

JOB CREATION REBOUNDED In November, job creation rebounded after a sluggish October, largely due to the resolution of a labor strike and the lessening impact of severe storms in the Southeast. The Bureau of Labor Statistics reported an increase of 227,000 nonfarm payrolls, showing a significant improvement from the prior month’s 36,000. Although the unemployment […]

MILESTONE REACHED Bitcoin has reached a significant milestone as it has finally exceeded the $100,000 mark for the first time. This surge was triggered by President-elect Donald Trump’s announcement of nominating a new SEC chair, Paul Atkins, who is seen as supportive of the cryptocurrency industry. In addition, the rise in bitcoin’s value is also […]

CRYPTO ROLLERCOASTER Over the past day, the cryptocurrency market has been on a rollercoaster ride, experiencing significant losses totaling over $588 million. Major cryptocurrencies like XRP, Bitcoin, Ethereum, and Dogecoin have all faced drastic price fluctuations, with XRP leading the way in liquidations at $69 million. The market was particularly affected by XRP’s extreme volatility, […]