Daily market key data review and trend analysis, jointly produced by PANews and OSL.Daily market key data review and trend analysis, jointly produced by PANews and OSL.

OSL Trading Time: Bitcoin Bull-Bear Game, Ethereum Shows Initial Signs of Recovery

2024/12/30 11:48
4 min read

OSL Trading Time: Bitcoin Bull-Bear Game, Ethereum Shows Initial Signs of Recovery

1. Market observation

Keywords: ETH, BTC, MiCA

As the end of the year approaches, the market is full of expectations and disagreements about Bitcoin's performance in the next few years. MicroStrategy co-founder Michael Saylor disclosed that the company holds 444,000 Bitcoins, with a total value of approximately US$41.4 billion, and hinted at further purchase plans. El Salvador continues to increase its holdings, and currently has more than 6,000 Bitcoin reserves, worth US$569 million. However, Bitcoin has difficulty maintaining the $100,000 support level, and sideways fluctuations have increased market uncertainty.

Crypto strategists predict that the Bitcoin bull run may end in a high-profile way. Blockware Solutions predicts that Bitcoin may climb to $150,000 to $400,000 by 2025, an optimistic forecast driven by Federal Reserve policy, corporate adoption and Trump's strategic Bitcoin reserve plan. NBA legend Scottie Pippen is even bolder, pointing to Bitcoin's next key target price of $1 million. But the market is not all optimistic. Some analysts warn that Bitcoin may adjust in the short term and even fall to $76,000. In addition, Bill Gates continues to be skeptical of Bitcoin, criticizing its lack of productivity and believing that it has hidden dangers as an asset class. Whether the United States will include Bitcoin in its financial reserves remains controversial, and the balance between dollar hegemony and cryptocurrency opportunities remains to be seen.

In the Ethereum market, futures data showed that selling pressure eased and signs of recovery began to emerge. At the same time, after Ethereum transferred 200,000 ETH to Kraken, some old-fashioned crypto wallets that had been silent for many years became active again, indicating that the crypto market is nurturing hope amid volatility. The crypto world is still full of unknowns, but it also indicates that the next moment of change is coming.

2. Key data (as of 09:05 HKT on December 30)

  • S&P 500: 5,970.84 (+25.18% year-to-date)
  • Nasdaq: 19,722.03 (+31.38% year-to-date)
  • 10-year Treasury yield: 4.626% (+74.51 basis points this year)
  • US Dollar Index: 108.00 (+6.86% year-to-date)
  • Bitcoin: $934,00.96 (+120.99% year-to-date), with a daily spot volume of $30.27 billion
  • Ethereum: $3,380.99 (+48.19% year-to-date), with a daily spot volume of $13.93 billion

3. ETF flows (December 27 EST)

  • Bitcoin ETF: -$297.75 million

  • Ethereum ETF: +$47.77 million

4. Important Dates (Hong Kong Time)

ISM Manufacturing PMI (January 3, 11:00 p.m.)

  • Actual: To be announced / Previous value: 48.4% / Expected: 48.3%

5. Hot News

This week’s preview | FTX claims processing will begin on January 3, 2025; Markets in Crypto Assets (MiCA) takes effect

Macro Outlook This Week: Markets tend to remain calm during the New Year's Day holiday, but economic data may slap the Fed in the face

Report: 51 countries/regions prohibit crypto assets, and some economies regulate them by adjusting laws or re-legislating

Hamster Kombat to build L2 blockchain on TON chain

FLock announces token economics and airdrop plan: 66.7% allocated to the community and ecosystem

German FDP Chairman Calls for Bitcoin and Other Cryptocurrencies to be Included in Central Bank Reserves

Data: SUI, OP, ZETA and other tokens will be unlocked in large amounts next week, of which SUI unlocks about $270 million

Tether CEO retweets several tweets saying USDT will not be deemed illegal in Europe on December 30

Modular blockchain Sophon completes mining migration and opens mainnet mining

El Salvador's Bitcoin reserves reach 6,000, worth about $569 million

VIRTUAL's market value exceeds $3.428 billion, surpassing TAO and rising to 47th place in the cryptocurrency market value ranking

ai16z initiated a proposal to upgrade the token economics model and proposed to launch Launchpad

Michael Saylor: 60 companies hold more than 590,000 BTC

Galaxy Research Annual Forecast: BTC will exceed $150,000 in the first half of the year, and ETH will exceed $5,500

The IRS requires DeFi brokers to report digital asset sales proceeds and collect user transaction information starting in 2027

Powered by OSL - Hong Kong's largest OTC trading platform, providing regulated digital asset services to the market since 2018.

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Crucial US Stock Market Update: What Wednesday’s Mixed Close Reveals

Crucial US Stock Market Update: What Wednesday’s Mixed Close Reveals

BitcoinWorld Crucial US Stock Market Update: What Wednesday’s Mixed Close Reveals The financial world often keeps us on our toes, and Wednesday was no exception. Investors watched closely as the US stock market concluded the day with a mixed performance across its major indexes. This snapshot offers a crucial glimpse into current investor sentiment and economic undercurrents, prompting many to ask: what exactly happened? Understanding the Latest US Stock Market Movements On Wednesday, the closing bell brought a varied picture for the US stock market. While some indexes celebrated gains, others registered slight declines, creating a truly mixed bag for investors. The Dow Jones Industrial Average showed resilience, climbing by a notable 0.57%. This positive movement suggests strength in some of the larger, more established companies. Conversely, the S&P 500, a broader benchmark often seen as a barometer for the overall market, experienced a modest dip of 0.1%. The technology-heavy Nasdaq Composite also saw a slight retreat, sliding by 0.33%. This particular index often reflects investor sentiment towards growth stocks and the tech sector. These divergent outcomes highlight the complex dynamics currently at play within the American economy. It’s not simply a matter of “up” or “down” for the entire US stock market; rather, it’s a nuanced landscape where different sectors and company types are responding to unique pressures and opportunities. Why Did the US Stock Market See Mixed Results? When the US stock market delivers a mixed performance, it often points to a tug-of-war between various economic factors. Several elements could have contributed to Wednesday’s varied closings. For instance, positive corporate earnings reports from certain industries might have bolstered the Dow. At the same time, concerns over inflation, interest rate policies by the Federal Reserve, or even global economic uncertainties could have pressured growth stocks, affecting the S&P 500 and Nasdaq. Key considerations often include: Economic Data: Recent reports on employment, manufacturing, or consumer spending can sway market sentiment. Corporate Announcements: Strong or weak earnings forecasts from influential companies can significantly impact their respective sectors. Interest Rate Expectations: The prospect of higher or lower interest rates directly influences borrowing costs for businesses and consumer spending, affecting future profitability. Geopolitical Events: Global tensions or trade policies can introduce uncertainty, causing investors to become more cautious. Understanding these underlying drivers is crucial for anyone trying to make sense of daily market fluctuations in the US stock market. Navigating Volatility in the US Stock Market A mixed close, while not a dramatic downturn, serves as a reminder that market volatility is a constant companion for investors. For those involved in the US stock market, particularly individuals managing their portfolios, these days underscore the importance of a well-thought-out strategy. It’s important not to react impulsively to daily movements. Instead, consider these actionable insights: Diversification: Spreading investments across different sectors and asset classes can help mitigate risk when one area underperforms. Long-Term Perspective: Focusing on long-term financial goals rather than short-term gains can help weather daily market swings. Stay Informed: Keeping abreast of economic news and company fundamentals provides context for market behavior. Consult Experts: Financial advisors can offer personalized guidance based on individual risk tolerance and objectives. Even small movements in major indexes can signal shifts that require attention, guiding future investment decisions within the dynamic US stock market. What’s Next for the US Stock Market? Looking ahead, investors will be keenly watching for further economic indicators and corporate announcements to gauge the direction of the US stock market. Upcoming inflation data, statements from the Federal Reserve, and quarterly earnings reports will likely provide more clarity. The interplay of these factors will continue to shape investor confidence and, consequently, the performance of the Dow, S&P 500, and Nasdaq. Remaining informed and adaptive will be key to understanding the market’s trajectory. Conclusion: Wednesday’s mixed close in the US stock market highlights the intricate balance of forces influencing financial markets. While the Dow showed strength, the S&P 500 and Nasdaq experienced slight declines, reflecting a nuanced economic landscape. 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Share this article with your network on social media to help others understand the nuances of current financial trends! To learn more about the latest stock market trends, explore our article on key developments shaping the US stock market‘s future performance. This post Crucial US Stock Market Update: What Wednesday’s Mixed Close Reveals first appeared on BitcoinWorld.
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