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After the latest release of the Producer Price Index (PPI) data in the USA, the price of Bitcoin rebounded strongly, breaking through the $96,000 mark, with a 2.5% increase in the past 24 hours. Among mainstream altcoins, XRP and DOGE have performed well, each with a rise of 6% to 7%. The market sentiment is warming up, showing that investors' confidence in the crypto market is gradually strengthening.
PPI data surpassing expectations injects momentum into the market.
According to reports, the US PPI in December only increased by 0.2% month-on-month, lower than the previous month's 0.4% and also lower than the economists' consensus of 0.4%. As a forward-looking indicator of the Consumer Price Index (CPI), the cooling of PPI signals further easing of inflationary pressure, which is a bullish signal for the Federal Reserve's monetary policy. The market generally believes that this will reduce the likelihood of further rate hikes by the Federal Reserve, thereby boosting the risk assets market.
Meanwhile, The Washington Post reported that sources close to the new Trump administration revealed plans by the President-elect to issue executive orders related to Cryptos after taking office. These orders may target the issue of 'debanking' and are expected to overturn the controversial SAB 121 policy, which restricts banks from providing services to cryptocurrency companies.
Cryptocurrency billionaire and Galaxy Digital founder Mike Novogratz mentioned last year that SAB...
PPI data surpassing expectations injects momentum into the market.
According to reports, the US PPI in December only increased by 0.2% month-on-month, lower than the previous month's 0.4% and also lower than the economists' consensus of 0.4%. As a forward-looking indicator of the Consumer Price Index (CPI), the cooling of PPI signals further easing of inflationary pressure, which is a bullish signal for the Federal Reserve's monetary policy. The market generally believes that this will reduce the likelihood of further rate hikes by the Federal Reserve, thereby boosting the risk assets market.
Meanwhile, The Washington Post reported that sources close to the new Trump administration revealed plans by the President-elect to issue executive orders related to Cryptos after taking office. These orders may target the issue of 'debanking' and are expected to overturn the controversial SAB 121 policy, which restricts banks from providing services to cryptocurrency companies.
Cryptocurrency billionaire and Galaxy Digital founder Mike Novogratz mentioned last year that SAB...
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The upcoming week is shaping up to be intense, with key events that could drive significant market volatility.
1. Consumer Price Index (CPI) Report – Wednesday, Jan 15, 8:30 AM
The monthly CPI report is one of the most critical events this week. Markets are bracing for volatility, as inflation concerns continue to dominate investor sentiment.
What to Watch:
• Inflation is expected to rise from 2.7% last month to 2.9%.
• Core inflation (excludin...
1. Consumer Price Index (CPI) Report – Wednesday, Jan 15, 8:30 AM
The monthly CPI report is one of the most critical events this week. Markets are bracing for volatility, as inflation concerns continue to dominate investor sentiment.
What to Watch:
• Inflation is expected to rise from 2.7% last month to 2.9%.
• Core inflation (excludin...
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What up mooers,
Get ready for something freeeesh! We're launching "Max Learns to Invest" – a new story-driven series that brings moomoo's features to life through the eyes of Max, an avatar we've created to represent the typical moomoo user just starting their investment journey.
Max is a curious and enthusiastic newcomer to the world of investing. With a background in tech and a love for data, Max is eager to learn but often feels overwhelmed ...
Get ready for something freeeesh! We're launching "Max Learns to Invest" – a new story-driven series that brings moomoo's features to life through the eyes of Max, an avatar we've created to represent the typical moomoo user just starting their investment journey.
Max is a curious and enthusiastic newcomer to the world of investing. With a background in tech and a love for data, Max is eager to learn but often feels overwhelmed ...
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Join us for an exclusive event where we dive into the rapidly evolving world of cryptocurrency and its emerging role as an asset class. This panel discussion will offer valuable insights into the fundamentals of cryptocurrency, its rising popularity among investors, and the potential risks and rewards of trading digital assets, its potential risks and what the future holds for digital assets.
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Cryptocurrency Fireside Chat: Opportunities and Challenges as an Asset Class
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I doubt it! Show your work!
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