Tag Archives: Cryptocurrency

Trading Bitcoin: Investment Opportunities with Evest

Trading Bitcoin: Investment Opportunities with Evest: Trading Bitcoin (BTC) against the U.S. Dollar
is among the most popular trades in financial markets.
While the U.S. Dollar (USD) represents the world’s most stable and robust currency,
Bitcoin is the first and most famous digital currency.
It offers high-volatility trading opportunities that can generate significant profits.

 

Content:

What Are Cryptocurrencies

Bitcoin

What is Blockchain

Pros and Cons of Trading Bitcoin

Trading Digital Currencies with Evest

Advantages of Trading Bitcoin with Evest

Conclusion

 

 

 

What Are Cryptocurrencies?

Cryptocurrencies are digital currencies that rely on blockchain technology to ensure secure transactions.
They are not subject to central regulation by governments or banks, making them unique.
One of the most famous cryptocurrencies is Bitcoin, which is considered the first and largest digital currency.
It was created in 2009 by an anonymous person known as Satoshi Nakamoto.

 

What Is Bitcoin?

Bitcoin is a decentralized digital currency that is traded online.
It uses encryption techniques to protect transactions and ensure their security.
Unlike traditional currencies, Bitcoin does not rely on a central bank
or government but is traded among individuals through the blockchain network.

 

 

What is Blockchain?

Blockchain is a decentralized database technology that securely and transparently records digital transactions.
It is considered one of the most significant technological innovations and is primarily used in digital currencies like Bitcoin.

How Blockchain Works: The blockchain consists of a series of “blocks,” each containing a group of transactions.

The system adds a new transaction to the current block.
It then links this block to the previous one using an encryption code called a “hash.”

” creating a chain of interconnected blocks.
As a result, it is nearly impossible to alter or delete transactions once added to the blockchain.

Blockchain Features:

Decentralization: No single entity controls the blockchain network; the data is distributed across a network of connected computers.

Security: Transactions are secured using advanced encryption techniques, making hacking or modifying the data difficult.

Transparency: Anyone can access the transaction history in the blockchain, ensuring complete transparency.

Speed and Efficiency: Blockchain transactions can occur quickly and at a lower cost than traditional systems.

Blockchain Applications:

Cryptocurrencies like Bitcoin and Ethereum.

Smart contracts automatically execute agreements when users meet specific conditions.

In supply chain management, companies track products from the source to the consumer securely and transparently.

In short, Blockchain is an innovative technology that is revolutionizing various industries

by providing a secure and transparent system for recording data and transactions.

 

 

 

Pros and Cons of Trading Bitcoin

Pros:

High-Profit Opportunities: Bitcoin is highly volatile, offering investors the chance to make significant profits.

24/7 Trading: Bitcoin is traded around the clock, meaning you can open and close trades anytime.

No Need for Traditional Intermediaries: Investors can trade Bitcoin directly on trading platforms without financial intermediaries.

Cons:

High Volatility: Due to significant market fluctuations, losses can be substantial if the market moves against you.

Instability: Bitcoin remains prone to significant fluctuations based on supply and demand, news, and regulatory policies.

Regulatory Challenges: Cryptocurrency regulations vary from country to country, creating legal challenges for investors.

 

Trading Digital Currencies with Evest

Evest offers a platform for trading Contracts for Difference (CFDs) on digital currencies,
allowing investors to speculate on well-known cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) price movements.
Here are some key benefits of trading with Evest:

24/7 Trading: You can trade digital currencies 24/7.

Lower Risks: Evest offers opportunities to invest with minimal risks.

Affordable Costs: With Evest, traders can access affordable trades.

Start trading digital currencies with Evest today and discover new opportunities in this evolving field.
Trading Bitcoin is an Investment opportunity with Evest that offers a powerful entry point into the crypto market.

 

Advantages of Trading Bitcoin with Evest

User-Friendly Platform: Evest provides an advanced and easy-to-use trading platform for beginner and professional investors.

Powerful Analysis Tools: Advanced technical analysis tools to help you understand market movements and make precise trading decisions.

High Security: Protect your transactions and funds with advanced encryption techniques to ensure complete security.


Conclusion

Whether you’re interested in trading Bitcoin or the Dollar,
Evest provides the perfect platform for trading digital currencies safely and effectively.
Explore the available opportunities by carefully monitoring the markets and using the advanced
tools Evest provides to improve your trading strategies.

 

Trading Bitcoin: Investment Opportunities with Evest

Bitcoin Rebounds from a Four-Month Low Amid a Corrective Wave

Bitcoin Rebounds from a Four-Month Low Amid a Corrective Wave

Bitcoin recovers from its lowest level in four months,
benefiting from a corrective wave as global economic conditions improve.

 

Contents

 

 

Cryptocurrencies

Crypto Market Recovery Ends a Widespread Sell-Off

Bitcoin has seen a significant rebound after hitting a four-month low last week,
supported by the recovery of high-risk assets following recent turmoil in global markets.

This improvement followed a decline in pressures stemming from U.S. tariff policies under President Donald Trump,
along with easing concerns over a potential government shutdown.
These factors contributed to market stabilization and reduced the broad sell-off that had impacted various asset classes,
including cryptocurrencies.

Ravi Doshi, Co-Head of Markets at FalconX, commented:
 “As we approach the end of a week marked by widespread selling of high-risk assets,
we are now witnessing a corrective upward wave driven by reduced overselling conditions.
The avoidance of a U.S. government shutdown has also helped ease market uncertainty.”

 

 

 

 

 

 

 

Bitcoin

Bitcoin Regains Momentum

It surged 6.2%, reaching $85,301 yesterday, while smaller cryptocurrencies experienced even larger gains.
Solana rose by more than 9%, Chainlink jumped 13%, and XRP advanced by approximately 8% during trading.

Bitcoin had previously dropped to $77,000 last Tuesday, marking its lowest level since the recent U.S. presidential election in November.
This decline represented a 30% drop from its all-time high of $109,000, recorded in January.

This sharp drop triggered significant capital outflows from Bitcoin exchange-traded funds (ETFs),
along with a large-scale liquidation of long positions in the cryptocurrency derivatives markets.
Trading data indicated that some investors had been betting on Bitcoin falling to $70,000 by the end of February.

Stefan Ouellette, Co-Founder of FRNT Financial Inc., noted:
 “The cryptocurrency market is recovering alongside other high-risk assets.
It appears that macroeconomic-driven asset liquidations have at least temporarily paused.
Any further stability in the broader macroeconomic environment is expected to provide additional support for cryptocurrency prices.”

 

 

 

 

 

United States

U.S. Economy and Its Impact on Cryptocurrencies

Despite former President Donald Trump hosting a crypto leaders summit at the White House last week,
issuing an executive order to establish a strategic Bitcoin reserve,
and dropping several lawsuits against major cryptocurrency companies, these moves did not significantly boost Bitcoin’s price.
Investors remain focused on broader economic factors such as U.S. inflation and tariff policies.

James Davies, CEO of Crypto Valley Exchange, a platform for futures and options trading directly on blockchain, stated:
 “The recent recovery in cryptocurrencies appears to be primarily driven by global macroeconomic factors,
particularly lower-than-expected U.S. inflation figures,
which have alleviated concerns about the American economy.”

With economic uncertainty persisting, investors are closely monitoring monetary and trade policy developments,
as any major shifts in these areas could significantly impact cryptocurrency prices in the coming months.

 

 

 

Bitcoin Rebounds from a Four-Month Low Amid a Corrective Wave

Crypto Decline Continues as Bitcoin Hits Lowest Level Since November

Crypto Decline Continues as Bitcoin Hits Lowest Level Since November

Cryptocurrencies continue their sharp decline amid escalating economic concerns,
with Bitcoin plunging to its lowest level since November,
impacted by trade tensions and U.S. economic policies.

 

Topic

Economic Pressures

Widespread Decline

Bitcoin’s Future

 

 

 

 

 

 

Economic Pressures

The cryptocurrency market has extended its sharp downturn,
with Bitcoin dropping to its lowest level since November due to mounting concerns over the impact of tariffs imposed by the U.S. administration.
These fears have overshadowed recent positive statements from former President Donald Trump regarding support for digital assets.

Risky assets like cryptocurrencies are under significant pressure, as investors shift towards safe havens such as U.S. Treasury bonds amid fears that tariffs and recent economic measures could slow down growth in the world’s largest economy. While initial optimism followed Trump’s announcement of plans to establish a strategic cryptocurrency reserve, market sentiment quickly turned negative as aggressive sell-offs were triggered by worsening macroeconomic conditions.

 

 

Widespread Decline

Bitcoin tumbled 6.8% to $77,416, marking its lowest point since November 10. Other cryptocurrencies, including Solana, Cardano, and XRP—coins that Trump previously mentioned as potential assets for the U.S. digital reserve but were not included in his executive order—also suffered sharp declines.

Stocks linked to the crypto sector were hit hard as well. Coinbase Global plummeted 18%, recording its biggest drop since July 2022, while Michael Saylor’s Bitcoin-focused firm saw a 17% loss. Despite Trump’s pro-crypto stance, including his executive order to create a Bitcoin reserve in the U.S. and maintain separate holdings for other tokens, the lack of new financial commitments has disappointed investors and weakened market momentum.

 

 

Bitcoin’s Future

Currently, the U.S. government holds approximately $17 billion in Bitcoin and around $400 million in various other cryptocurrencies,
mostly obtained through asset seizures in civil and criminal cases.
However, analysts argue that the lack of clarity on how these assets will be managed has negatively impacted investor confidence.
Some market observers believe that the Trump administration appears to be favoring specific assets based on lobbying groups,
further increasing uncertainty in the crypto market.

Since February, investors have pulled a net $4.4 billion from U.S.-traded Bitcoin exchange-traded funds (ETFs),
which played a key role in Bitcoin’s rise to record highs last year.

Analysts predict that Bitcoin could trade between $70,000 and $80,000 in the coming weeks.
They also suggest that a potential market recovery will depend on the resolution of the trade tariff dispute
and the Federal Reserve resuming interest rate cuts.

 

 

 

Crypto Decline Continues as Bitcoin Hits Lowest Level Since November

Trump Leads a New Shift in U.S. Cryptocurrency Policy

Trump Leads a New Shift in U.S. Cryptocurrency Policy:

With Donald Trump’s return to the White House, U.S. cryptocurrency policy is radically transforming.
After years of strict regulations under Joe Biden’s administration,
Trump Leads a New shift and announced crypto-friendly measures, including creating a strategic digital
asset reserve and hosting the first-ever White House Cryptocurrency Summit.
These initiatives signal a new direction to solidify the United States’ position as a global leader in digital assets.

 

Contents

Trump Calls for a White House Summit

White House Cryptocurrency Summit

A Radical Shift in Washington’s Crypto Policy

 

 

 

 

Trump Calls for a White House Summit

On Sunday, U.S. President Donald Trump announced the inclusion
of five cryptocurrencies in the country’s new strategic digital asset reserve,
leading to a significant surge in their value.
Through social media, Trump explained that the executive order he issued in January regarding digital
assets would result in the formation of a reserve that includes Bitcoin (BTC),
Ethereum (ETH), Ripple (XRP), Solana (SOL), and Cardano (ADA).

This previously undisclosed list boosted investor confidence and led to a rally in the market.

On Sunday, these cryptocurrencies experienced notable gains,
with Trump emphasizing that this initiative aims to establish the United States as the global capital for cryptocurrencies.
In a follow-up post, he stated that Bitcoin and Ethereum would be at the reserve’s core, alongside other valuable assets.

 Market Reaction:

  • Bitcoin surged by 8%, reaching $90,828.
  • Ethereum increased by 8.3%, reaching $2,409.

Trump received strong support from the crypto community throughout his 2024 presidential campaign.
He quickly began implementing policies that favored the industry,
starkly contrasting with Joe Biden’s administration, which imposed tight regulations to combat fraud and money laundering.

However, the crypto market has recently declined,
with most assets losing their post-election gains following Trump’s victory.

 

White House Cryptocurrency Summit

In another move demonstrating his commitment to the crypto sector,
Trump is set to host the first-ever White House Cryptocurrency Summit this Friday.

Event Details:

Trump will deliver a keynote speech outlining his administration’s crypto policies.

The event will feature leading entrepreneurs, CEOs, and investors in the crypto industry.

Members of the Presidential Working Group on Digital Assets will also participate.

 Key Figures Attending the Summit:

David Sacks – A prominent investor and strong crypto advocate, will lead the summit.

Bo Hines – The executive director of the presidential working group will oversee discussions.

Upon taking office, Trump signed an executive order establishing a government task force
to advise on cryptocurrency policies and explore the creation of a strategic digital asset reserve.

 

 

 

 

 

A Radical Shift in Washington’s Crypto Policy

Trump’s new approach represents a significant shift from Biden’s administration,
which imposed strict regulations on cryptocurrencies, particularly after the collapse of FTX and other industry scandals.

Key Changes in U.S. Crypto Policy:

Trump previously criticized cryptocurrencies as a “scam” but changed his stance during his campaign.

He promised to ease regulations and support a clear framework for stablecoins.

He committed to creating a Bitcoin reserve as part of the U.S. financial strategy.

 Trump’s Personal Involvement in Crypto
 Beyond his policies, Trump has entered the crypto space by launching his digital currency
before returning to the White House. He has also backed a joint venture with his sons named “World Liberty Financial.”

 The New White House Approach:

Establishing a clear regulatory framework to support innovation,
Promoting economic freedom in the cryptocurrency sector and Positioning the U.S. as a global leader in digital assets.

 

 

Trump Leads a New Shift in U.S. Cryptocurrency Policy

Bitcoin Loses 28% of Its Value – What’s Behind the Decline?

Bitcoin Loses 28% of Its Value – What’s Behind the Decline?

After a series of sharp fluctuations, Bitcoin has experienced a significant 28% drop in value,
raising questions about the factors driving this steep decline in the world’s largest cryptocurrency.

 

 

Contents:

 

Geopolitical Pressures

Understanding Bitcoin’s price movements has always been a challenge due to the multiple factors influencing the cryptocurrency market.
This has been particularly evident in recent days as analysts attempt to determine the reasons behind Bitcoin’s 28% decline from its all-time high of $109,000 on January 20—the day Donald Trump, a vocal supporter of digital assets, was inaugurated as U.S. president.

 

 

 

 

Factors Behind the Drop

1. Macroeconomic Pressures

Bitcoin’s downturn did not occur in isolation; it was accompanied by a notable drop in the U.S. stock market,
where the Nasdaq 100 Index lost approximately 7% since its peak on February 19.

Bitcoin is often viewed as a high-beta asset, meaning its price movements are magnified compared to broader market trends.
Concerns over the economic impact of Trump’s new tariffs on trade partners have heightened financial market volatility,
prompting investors to pull back from risky assets, including cryptocurrencies.

Caroline Bowler, CEO of BTC Markets, commented:
“Bitcoin’s recent drop reflects macroeconomic concerns related to Trump’s tariffs and geopolitical uncertainty.”

 

2. Largest Crypto Hack in History

On February 21, cryptocurrency exchange Bybit suffered a $1.5 billion hack, marking the largest cyberattack in crypto history.

The attack, widely attributed to North Korea’s Lazarus Group, alarmed investors, especially as it targeted “cold wallets”,
a storage method previously considered highly secure due to its offline nature.

Zohaib Ibtikar, co-founder of Split Capital, noted:
“A hack of this magnitude shakes investor confidence, making some reconsider the security of the market.”

 

3. Outflows from Exchange-Traded Funds (ETFs)

Massive withdrawals from Bitcoin ETFs have added further pressure on prices. In February,
these funds recorded their largest net monthly outflow since their launch in January 2024,
with an exodus of $3.3 billion, according to Bloomberg data.

Michael Rosen, Chief Investment Officer at Angel Investments, stated:
“Hot money that rapidly entered the market left just as quickly at the first signs of a downturn.”

 

4. Arbitrage in the Derivatives Market

The unwinding of “cash and carry trade” strategies contributed to increased selling pressure.
Premiums on Bitcoin futures at the Chicago Mercantile Exchange (CME) have dropped to their lowest levels since July,
according to a K33 Research report from February 25.

Mark Connors, founder and Chief Investment Strategist at Risk Dimensions, explained:
“ETFs’ movements have been significantly impacted by arbitrage players such as hedge funds operating through futures and options.”

 

5. Weakening of the “Trump Trade” Momentum

The prices of various assets that were expected to benefit from Donald Trump’s return to the White House have declined in recent weeks,
with Bitcoin among the most affected.

Despite the SEC dropping multiple lawsuits against crypto firms, regulatory support has been slower than expected.
Trump had pledged during his campaign to establish a strategic national Bitcoin reserve,
but this proposal has yet to see meaningful progress.

Meanwhile, lawmakers in Montana, North Dakota, and Wyoming have rejected proposals to create state-level crypto reserves,
citing concerns over volatility and associated risks.

Paul Howard, Senior Manager at Vincent, noted:
“The lack of positive news regarding expected executive orders, combined with U.S. inflation figures, has fueled market caution.”

 

 

 

 

What’s Next for Bitcoin

As financial markets remain under pressure, investors are closely watching several key factors:

  • Future policies of the Trump administration on cryptocurrencies.
  • Impact of geopolitical tensions on risk appetite.
  • Trends in Bitcoin ETF inflows and outflows.

Despite these challenges, many analysts believe that the market could rebound once economic and political conditions stabilize.

 

 

 

Bitcoin Loses 28% of Its Value – What’s Behind the Decline?

 

Bitcoin Falls Behind Gold Amid Market Turmoil

Bitcoin Falls Behind Gold Amid Market Turmoil

As geopolitical and trade tensions rise, gold continues to strengthen its position as a safe haven,
while Bitcoin faces challenges in proving its ability to keep up with this trend.

 

Contents

 

 

 

 

 

Gold’s Dominance

After delivering a strong performance in 2024,
Bitcoin is now under increasing pressure due to rising geopolitical tensions and
the return of former U.S. President Donald Trump to the White House.
This has driven investors toward safe-haven assets such as gold.

Despite Bitcoin’s 3% increase since the beginning of the year, it still lags behind gold,
which has gained 9%, according to data from Bloomberg.
Gold reached a record high of $2,882 per ounce following Trump’s controversial remarks on February 4,
suggesting that the United States could take control of Gaza—a statement that his aides later sought to downplay.
In contrast, Bitcoin is trading about 10% below its recent peak.

 

 

 

 

 

 

 

Bitcoin’s Volatility

Although Bitcoin has been described as a store of value similar to gold—thanks to its fixed supply of 21 million coins—it has yet to establish itself as a true safe-haven asset during times of crisis.
Meanwhile, gold continues to attract investors, particularly amid U.S.-China trade tensions and growing threats of new tariffs.
Unlike gold, Bitcoin often moves in parallel with technology stocks, making it more susceptible to volatility.

While Bitcoin is considered a hedge against fiat currencies, strong demand for the U.S. dollar continues to limit its appeal,
according to Aoifinn Devitt, Chief Investment Officer at Moneta Group, in an interview with Bloomberg.
She noted that “Bitcoin may develop its own unique characteristics over time, making it more independent from markets,
but for now, it remains one of the riskier assets.”

 

 

 

The Future of Currencies

Despite current challenges, Bitcoin supporters remain optimistic about its long-term potential as a reliable store of value.
Paul Howard, Senior Director at Wincent, explained that the emergence of exchange-traded funds (ETFs) that invest directly in crypto assets could help reduce Bitcoin’s volatility.
This, in turn, might encourage investors seeking high-risk opportunities to shift toward even more volatile cryptocurrencies.

With these ongoing changes, the key question remains: Will Bitcoin solidify its position as a digital alternative to gold, or will its volatility continue to hinder its transformation into a true safe-haven asset?

 

 

 

Bitcoin Falls Behind Gold Amid Market Turmoil

Decline in Consumer Confidence and Easing of Cryptocurrency Restrictions

Decline in Consumer Confidence and Easing of Cryptocurrency Restrictions

The recent period has witnessed significant developments in the economic and financial landscape of the United States.
Consumer confidence has declined notably amid rising concerns over inflation and unemployment.
Meanwhile, authorities have eased restrictions on banks’ dealings with cryptocurrencies to support the financial sector.

 

Contents

 

 

 

 

Inflation

Decline in U.S. Consumer Confidence Amid Rising Inflation and Unemployment Expectations

Consumer confidence in the United States dropped for the first time in six months in January as concerns over inflation
and unemployment escalated.
According to data released by the University of Michigan on Friday,
the Consumer Sentiment Index fell by 3.9% month-over-month to 71.1 points,
compared to 74 points in December and below the preliminary reading of 73.2 points.

Additionally, the Current Economic Conditions Index declined by 1.5% to 74 points,
while the Future Expectations Index dropped by 5.5% to 69.3 points.

The data also showed that consumers’ inflation expectations for the next 12 months rose to 3.3%,
up from 2.8% in December, marking the highest level since May 2024.
Long-term inflation expectations also increased to 3.2% from 3%.

The findings indicated that new administration policies, such as imposing tariffs,
have heightened inflation concerns, prompting consumers to accelerate purchasing decisions to avoid anticipated price increases.

 

 

 

 

Cryptocurrencies

The U.S. Eases Restrictions on Banks’ Dealings with Cryptocurrencies

The U.S. Securities and Exchange Commission (SEC) has eliminated an accounting rule that required banks to treat Bitcoin and other cryptocurrencies as financial liabilities on their balance sheets.
This move aims to ease restrictions imposed on the cryptocurrency industry.

Hester Peirce, a newly appointed commissioner heading a task force to develop a comprehensive regulatory framework for digital assets within the SEC, praised the decision, emphasizing that it removes a significant obstacle for banks to engage with cryptocurrencies.

The repealed rule posed challenges for major banks,
as it increased financial and regulatory risks associated with safeguarding digital currencies and raised operational costs.
Consequently, many banks had avoided the cryptocurrency market.

This decision is part of a series of measures implemented by former President Donald Trump’s administration to facilitate the integration of digital assets into the financial sector.

 

 

Decline in Consumer Confidence and Easing of Cryptocurrency Restrictions

Cryptocurrencies Decline Amid Anticipation of a U.S. Executive Order That Could Be a Game-Changer

Cryptocurrencies Decline Amid Anticipation of a U.S. Executive Order That Could Be a Game-Changer:
Will Bitcoin See the Creation of a Strategic Reserve?

Cryptocurrencies experienced a decline during Thursday’s trading session as Bitcoin approached the $100,000 level.
This came after a significant rally in the largest cryptocurrency by market capitalization,
which followed initial U.S. steps toward easing regulatory restrictions in the crypto market.

 

Contents:

 

 

 

Bitcoin

Bitcoin fell by 1.88% to $102,361.7, while Ethereum dropped by 1.25% to $3,223.26.

In another development, “Bitwise” and several investment managers submitted an official application to the U.S. Securities and Exchange Commission (SEC) to register exchange-traded funds (ETFs) for Dogecoin.
This move came in response to the significant increase in demand for the cryptocurrency,
which is strongly backed by billionaire Elon Musk.

Meanwhile, the SEC announced on Tuesday the formation of a “Crypto Operations” team led by Acting Chairman Mark Uyeda.
This team aims to develop a comprehensive and clear regulatory framework for digital assets.

The crypto market is eagerly awaiting a potential announcement from U.S. President Donald Trump regarding a major executive order on Bitcoin and digital currencies in the coming days.
This announcement is expected to bring significant changes to cryptocurrency regulations,
potentially providing long-awaited clarity to the rules governing this sector.

 

 

 

 

Trump

Trump sparked controversy with his statements about establishing a strategic Bitcoin reserve for the United States.
This initiative aims to enable the government to retain its current Bitcoin holdings
while adding more digital currencies to its reserves over the coming years.
Reports suggest that Trump is seeking to accumulate one million Bitcoins over five years,
representing about 5% of Bitcoin’s total global supply.

Several U.S. states, such as Florida, Wyoming, and Massachusetts,
have already begun supporting this idea by introducing bills aimed at incorporating Bitcoin into their state reserves.

Experts also anticipate that the Trump administration will introduce a series of new policies to facilitate cryptocurrency investment and usage. These potential policies include supporting banks in holding digital assets securely on behalf of their clients.
Additionally, tax reforms on cryptocurrency transactions might be introduced,
such as eliminating capital gains taxes on purchases made with Bitcoin.

The future of cryptocurrencies in the United States appears to be undergoing significant transformations
that could reshape the regulatory and investment landscape of this critical sector.

 

 

 

Cryptocurrencies Decline Amid Anticipation of a U.S. Executive Order That Could Be a Game-Changer

Oil and Cryptocurrencies in the Spotlight

Oil and Cryptocurrencies in the Spotlight: Sustained Gains Amid Market Volatility

Global markets are experiencing heightened activity,
with oil prices achieving gains for the fourth consecutive week due to U.S. sanctions,
while cryptocurrencies continue their upward trend amid expectations of supportive political changes.

 

Content

 

 

 

 

 

Oil

U.S. Sanctions Intensify Market Pressures

Oil prices have continued their upward streak for the fourth consecutive week, marking the longest rally since July.
This surge is fueled by growing concerns over global supply disruptions caused by U.S. sanctions on Russian oil.
West Texas Intermediate (WTI) crude rose by about 2% this week, despite dipping below $78 per barrel on Friday.

The Biden administration imposed strict sanctions on 183 Russian oil tankers,
disrupting markets and significantly increasing shipping costs.
Meanwhile, countries like China and India are seeking alternative sources of oil.
This shift comes at a time when the market is already tight, driven by cold winter weather in the Northern Hemisphere,
which has boosted fuel demand.

 

Diverging Future Outlooks

As the inauguration of President-elect Donald Trump approaches, markets are reassessing their expectations for future policies.
Reports suggest a possible easing of U.S. sanctions to facilitate a deal between Russia and Ukraine.
However, Trump has also threatened to impose tariffs on Canadian oil imports,
adding another layer of complexity to the market.

At the same time, China, the world’s largest oil importer, is grappling with mixed economic signals.
Despite meeting its government-set growth targets last year,
the transition to electric vehicles led to a 1.6% decline in oil refining volumes.
Additionally, ongoing U.S. trade tensions may further pressure China’s economy.

 

 

 

 

 

Bitcoin

Bitcoin Nears Record Levels

Cryptocurrencies, led by Bitcoin, continue to post significant gains. Bitcoin’s price rose by 4.9%, reaching $105,076.
This surge comes amid expectations that Donald Trump’s new administration will adopt supportive policies for cryptocurrencies,
fueling optimism in the market.

Since the beginning of the week, Bitcoin’s value has has increased by approximately 12%,
marking its largest weekly gain since November.
Experts believe the market is pricing in potential pro-crypto policies from the upcoming U.S. administration,
which could promote wider adoption on a national scale.

 

Factors Supporting Digital Asset Growth

Additional market support came from reassuring inflation data in the United States,
which bolstered hopes for further interest rate cuts by the Federal Reserve.
Meanwhile, XRP, linked to Ripple Labs, hit an all-time high,
fueled by expectations of a resolution in its long-standing dispute with the U.S. Securities and Exchange Commission.

Traders are betting on higher volatility by the end of January,
indicating that the cryptocurrency market may see more activity as the U.S. presidential inauguration approaches.

 

 

Oil and Cryptocurrencies in the Spotlight

Cryptocurrency Prices Rise Amid Anticipation of U.S. Inflation

Cryptocurrency Prices Rise Amid Anticipation of U.S. Inflation Data and Trump’s Inauguration

Cryptocurrency prices saw a significant increase during Wednesday’s trading session,
driven by improved investor sentiment following a slowdown in the monthly rise of U.S. producer price inflation.
This occurred despite risk aversion ahead of the release of U.S. consumer inflation data later in the day.

 

Content

 

 

 

 

 

Bitcoin

Bitcoin rose by 0.74% to reach $97,246.09, while Ethereum gained 0.53% to $3,233.01.
Ripple recorded substantial gains of 6.65%, climbing to $2.8437.
Meanwhile, Dogecoin edged up by 0.91% to 35.96 cents.

These movements occurred as the total cryptocurrency trading volume dropped by 24.24% to $128.08 billion over the past 24 hours.
However, the overall market capitalization of digital assets increased by 2.32%,
reaching $3.39 trillion, according to “CoinMarketCap” data.

 

 

 

 

 

Inflation

Markets are closely watching U.S. inflation data, with investors awaiting the release of consumer inflation figures.
Economists expect the annual consumer price index to accelerate to 2.9% in December,
compared to 2.7% in the previous month, fueling concerns about deviating further from the Federal Reserve’s 2% target.

On the other hand, official data released on Tuesday showed a slowdown in monthly producer prices,
boosting optimism for short-term inflation moderation.
This supported the demand for cryptocurrencies as an alternative investment hedge.

 

Trump’s Inauguration and Increased Momentum

Adding to this dynamic, markets are anticipating the inauguration of President-elect Donald Trump,
who has pledged policies favorable to the cryptocurrency industry.
This has injected positive momentum into Bitcoin, potentially driving significant shifts in financial markets
with direct impacts on the digital asset space.

 

 

Cryptocurrency Prices Rise Amid Anticipation of U.S. Inflation