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Will the Federal Reserve decide to cut interest rates this week? Trump reiterated that the Global Strategy of BTC reserves boosts new highs.
This week is the super central bank week, with the market expecting nearly a 100% probability of a rate cut in this Federal Reserve interest rate decision. A number of economic data will be released intensively, and more interconnected performances are expected. The intraday increase is mainly influenced by Trump's renewed proposal to establish a Bitcoin Global Strategy reserve.
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Block Options Spot-On: On December 16th, 70,963 Contracts Were Traded, With 1.02 Million Open Interest
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Block Options Spot-On: On December 13th, 90,165 Contracts Were Traded, With 1.03 Million Open Interest
Monness Upgrades Block(SQ.US) to Buy Rating, Announces Target Price $115
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Interest rate cuts are about to start in December, and these 3 popular altcoins are worth bottom fishing.
After the USA released the November CPI data, the market's expectation for the Federal Reserve to cut interest rates by 25 basis points in December has reached 98.6%.
Block Options Spot-On: On December 12th, 142.47K Contracts Were Traded, With 994.12K Open Interest
Unusual Options Activity: DFS, WDAY and Others Attract Market Bets, DFS V/OI Ratio Reaches 77.4
Regulatory obstacles for Cryptos are expected to be removed, yet still difficult to please Bank of America bankers.
At this week's Reuters NEXT conference held in New York, bankers from Bank of America expressed a cautious attitude towards Cryptos, despite the market generally expecting that more friendly regulations under the leadership of incoming President Trump will pave the way for lending institutions to expand into the digital Assets sector.