Although Federal Reserve Chair Jerome Powell didn't explicitly state "mission accomplished" last week, that's essentially what the markets took in on Wednesday.
The Federal Open Market Committee (FOMC) meeting in December revealed 75 basis points of cuts anticipated in 2024, which caused the Dow to reach an all-time high and the 10-year yield to drop below 4% for the first time since late July.
The market euphoria eased a bit on Friday, but the Fed's pivot will drive markets for the rest of the year and next.
Gold has experienced a significant pullback, down over 8% from its all-time high, as the US election results reduced political uncertainty and raised confidence in the economy. The Fed's cautious stance on rate cuts has made the non-yielding metal less attractive, while boosting assets like Bitcoin.
Howard Lutnick, Linda McMahon, Brian Brooks, and Goody Guillén are either confirmed or on Trump's radar but how crypto friendly are they?
Bitcoin stays up 30% post-election but the Saylor-Buffett ratio signals a potentially overheated market
After surging to a record $93.5K, Bitcoin fell below $87K amid Fed concerns on rate cuts, as traders eye $100K with cautious optimism under Trump
Gold has experienced a significant pullback, down over 8% from its all-time high, as the US election results reduced political uncertainty and raised confidence in the economy. The Fed's cautious stance on rate cuts has made the non-yielding metal less attractive, while boosting assets like Bitcoin.
With its Major Payment Institution License granted by the Monetary Authority of Singapore (MAS) in August 2024, BitGo Singapore is positioned as a key player in addressing the region’s growing demand for institutional-grade digital asset infrastructure.
Michael Saylor, the company’s chairman, has been a strong advocate for Bitcoin, believing its value will continue to rise. With over $40 billion in Bitcoin assets, MicroStrategy’s stock has surged, becoming the most traded in the U.S.
Accused of using his regulatory powers for personal gain, Yao allegedly accepted bribes in crypto, engaged in financial misconduct, and misused his position to benefit specific technology providers. His case has been referred for criminal prosecution.
