SVET Markets Weekly Update – December 23–27, 2024 On Week 52, traders’ optimism was visibly shaken by a politically motivated Fed’s decision to significantly slow its pace of rate easing, undermining previously rosy outlooks for 2025. The Brazilian real further weakened against the dollar due to concerns over fiscal policy and rising inflation expectations. Meanwhile,…
Galaxy Digital’s research forecasts that the US government will not buy Bitcoin in 2025, focusing instead on managing its existing stockpile while exploring policy shifts on Bitcoin reserves. According to the research, the US government currently holds 183,850 BTC, valued at approximately $17.36 billion, primarily acquired through asset seizures, such as those from the Silk…
The cryptocurrency market is poised for significant growth in 2025, driven by rising adoption of stablecoins and the continued surge in exchange-traded funds (ETFs), according to a recent report from Citi. These developments are expected to fuel a positive price performance and expand the crypto ecosystem despite lingering macroeconomic uncertainty. Key Drivers of Crypto Growth…
Cardano, the 9th largest cryptocurrency by market, is navigating challenging waters. The recent dump has investors concerned about ADA, though a recovery remains possible. After a steady decline since December, its price recently hit a monthly low of $0.84. This slide has sparked concerns among investors about ADA’s near-term prospects, though subtle signs hint at…
Bitcoin hit $100,000 this year, sparking debate over where the world’s largest cryptocurrency could be headed in 2025. Bitcoin’s historic climb above the $100,000 mark this year has ignited fresh debate over where the world’s largest cryptocurrency could be headed in 2025. Some analysts anticipate a continued surge, pointing to new U.S. leadership and booming…
Japan's government has officially turned down the proposal to include Bitcoin in its national foreign exchange reserves, citing the cryptocurrency's volatility and its incompatibility with existing financial frameworks. This cautious stance stands in stark contrast to the growing enthusiasm for Bitcoin and other cryptocurrencies in both private sectors and among several global governments. Government’s Caution…
In recent months, the Bitcoin market has seen a surge in private transactions, particularly through CoinJoin, a process that enhances privacy by pooling multiple users’ Bitcoin transactions. According to CryptoQuant’s CEO, Ki Young Ju, this uptick is linked to growing institutional interest, including Bitcoin ETFs, major accumulators like MicroStrategy, and unidentified large-scale Bitcoin holders, known…
Tether’s flagship stablecoin, USDT, faces renewed scrutiny in the European Union as the bloc’s landmark Markets in Crypto-Assets (MiCA) regulation prepares to enter its full implementation phase on December 30, 2024. While Coinbase has already delisted USDT in anticipation of MiCA, other prominent exchanges such as Binance and Crypto.com continue to trade the stablecoin as…
Ethereum co-founder Vitalik Buterin has made a significant donation of 10 million Thai Baht (approximately $292,000) to Khao Kheow Open Zoo in Thailand. The donation is part of his commitment to supporting wildlife conservation, specifically sponsoring Moo Deng, a pygmy hippopotamus that became an internet sensation in 2024. Buterin’s generous gesture will fund the zoo’s…
The 2024 U.S. elections proved to be a game changer for cryptocurrency leaders, with key figures in the industry seeing extraordinary financial gains. The election results, particularly the victory of former President Donald Trump and his pro-crypto stance, have ignited a surge in the cryptocurrency market, leading to a remarkable rise in personal wealth for…