ElonMuskTwitter
2.2M views
732 Discussing
Hot
Latest
Elon Musk sets record with $500B fortune
The Tesla CEO is now the first person ever to surpass $500 billion in personal wealth, Forbes confirms.
At this pace, he could be a trillionaire by 2033.
#ElonMuskTwitter
$ETH $XRP
The Tesla CEO is now the first person ever to surpass $500 billion in personal wealth, Forbes confirms.
At this pace, he could be a trillionaire by 2033.
#ElonMuskTwitter
$ETH $XRP
Elon Musk Announces Grokipedia: AI-Powered Wikipedia Rival by xAI
Elon Musk's AI company, xAI, is developing Grokipedia, a new AI-driven knowledge platform positioned as a significant improvement over Wikipedia. Musk criticizes Wikipedia as "hopelessly biased" and aims for Grokipedia to offer greater transparency, neutrality, and factual accuracy by leveraging xAI's chatbot Grok. This platform will synthesize and verify information from diverse online sources with the goal of reducing editorial bias and inaccuracies seen on Wikipedia. Grokipedia is intended to be open source, publicly accessible without limits, and contributes to Musk's broader vision of understanding the universe through AI-enhanced information systems. The project taps into growing concerns about information quality and aims to democratize knowledge in a new digital format.
#Grokipedia #ElonMuskTwitter #WikipediaRival
$AI $FET
Elon Musk's AI company, xAI, is developing Grokipedia, a new AI-driven knowledge platform positioned as a significant improvement over Wikipedia. Musk criticizes Wikipedia as "hopelessly biased" and aims for Grokipedia to offer greater transparency, neutrality, and factual accuracy by leveraging xAI's chatbot Grok. This platform will synthesize and verify information from diverse online sources with the goal of reducing editorial bias and inaccuracies seen on Wikipedia. Grokipedia is intended to be open source, publicly accessible without limits, and contributes to Musk's broader vision of understanding the universe through AI-enhanced information systems. The project taps into growing concerns about information quality and aims to democratize knowledge in a new digital format.
#Grokipedia #ElonMuskTwitter #WikipediaRival
$AI $FET
Bit_Guru
--
🚹Elon Musk vs Netflix: Culture Wars Hit Wall Street 📉🍿
Elon Musk is no stranger to controversy, but this time, his online tantrum may have gone too far. The Tesla and X (Twitter) boss sparked outrage when he told followers to #CancelNetflix, criticizing the streaming giant for including LGBTQ themes in older shows. To prove his point, Musk even bragged that he canceled his own Netflix subscription.
The internet buzzed, but the real shock came from the markets: Netflix stock slid nearly –4% in just a few days, wiping out an estimated $15–17 billion in market value. All because Elon decided to play culture warrior.
📉 The Financial Fallout
In today’s world, celebrity influence is more than entertainment — it can move billions of dollars in capital:
💸 $15–17B wiped in Netflix market cap decline.
⚠️ Investor uncertainty as cultural politics spill into Wall Street.
🌍 Global markets react — when Musk speaks, traders listen.
This is a reminder of how culture wars and financial markets are becoming more interconnected than ever.
🍿 Why Netflix Still Matters
Sure, Musk calls for boycotts, but Netflix remains one of the world’s largest content engines with hits like:
Stranger Things ⚡
Squid Game 🌍
Arcane 🎨
Huntrix 🕶️
Lower budgets could mean fewer quality shows — and ultimately, disappointed fans worldwide. Musk’s boycott might grab headlines, but Netflix is still shaping global entertainment culture.
🤔 Culture vs Capital: A Bigger Trend
This isn’t just about Netflix. It’s about the power of influencers to swing both public opinion and financial markets.
🚀 Elon Musk alone can trigger billions in market movements with a single post.
📺 Streaming platforms are fighting not only competitors, but culture war battles.
🏦 Investors must factor in social narratives as much as they factor in earnings reports.
In a world where memes meet markets, cultural debates are now trading signals.
🌐 The Web3 Connection – HOLO & $SOMI
Projects like @Holoworld AI ($HOLO) and @Somnia Official ($SOMI) show us another way forward: decentralized media economies where creators, users, and investors directly shape culture and monetization.
HOLO is building AI-native studios that keep creative ownership in the hands of users.
SOMI is powering metaverse economies, where virtual content thrives without centralized censorship.
In this new model, no single celebrity can wipe billions overnight — because ownership is distributed, not dictated.
⚡ Final Take: Entertainment Meets Markets
Elon Musk’s clash with Netflix is more than clickbait — it’s a signal of how culture, capital, and crypto are colliding. As traditional markets wrestle with celebrity-driven volatility, Web3 projects like HOLO and SOMI are proving that community-driven ecosystems may be the real future of entertainment and finance.
🎃 Thanks a lot Elon, you hollow-headed pumpkin — but maybe your culture war just accelerated the rise of decentralized media.
🔗 Stay tuned with @Holoworld AI and @Somnia Official JJ for the projects shaping tomorrow’s creative economy.
#HoloworldAI #Somnia #ElonMusk #MarketUptober #Web3
$SOMI
$BTC
The internet buzzed, but the real shock came from the markets: Netflix stock slid nearly –4% in just a few days, wiping out an estimated $15–17 billion in market value. All because Elon decided to play culture warrior.
📉 The Financial Fallout
In today’s world, celebrity influence is more than entertainment — it can move billions of dollars in capital:
💸 $15–17B wiped in Netflix market cap decline.
⚠️ Investor uncertainty as cultural politics spill into Wall Street.
🌍 Global markets react — when Musk speaks, traders listen.
This is a reminder of how culture wars and financial markets are becoming more interconnected than ever.
🍿 Why Netflix Still Matters
Sure, Musk calls for boycotts, but Netflix remains one of the world’s largest content engines with hits like:
Stranger Things ⚡
Squid Game 🌍
Arcane 🎨
Huntrix 🕶️
Lower budgets could mean fewer quality shows — and ultimately, disappointed fans worldwide. Musk’s boycott might grab headlines, but Netflix is still shaping global entertainment culture.
🤔 Culture vs Capital: A Bigger Trend
This isn’t just about Netflix. It’s about the power of influencers to swing both public opinion and financial markets.
🚀 Elon Musk alone can trigger billions in market movements with a single post.
📺 Streaming platforms are fighting not only competitors, but culture war battles.
🏦 Investors must factor in social narratives as much as they factor in earnings reports.
In a world where memes meet markets, cultural debates are now trading signals.
🌐 The Web3 Connection – HOLO & $SOMI
Projects like @Holoworld AI ($HOLO) and @Somnia Official ($SOMI) show us another way forward: decentralized media economies where creators, users, and investors directly shape culture and monetization.
HOLO is building AI-native studios that keep creative ownership in the hands of users.
SOMI is powering metaverse economies, where virtual content thrives without centralized censorship.
In this new model, no single celebrity can wipe billions overnight — because ownership is distributed, not dictated.
⚡ Final Take: Entertainment Meets Markets
Elon Musk’s clash with Netflix is more than clickbait — it’s a signal of how culture, capital, and crypto are colliding. As traditional markets wrestle with celebrity-driven volatility, Web3 projects like HOLO and SOMI are proving that community-driven ecosystems may be the real future of entertainment and finance.
🎃 Thanks a lot Elon, you hollow-headed pumpkin — but maybe your culture war just accelerated the rise of decentralized media.
🔗 Stay tuned with @Holoworld AI and @Somnia Official JJ for the projects shaping tomorrow’s creative economy.
#HoloworldAI #Somnia #ElonMusk #MarketUptober #Web3
$SOMI
$BTC
🚨😱 Historic Moment!
Elon Musk becomes the first person ever to hit a net worth of $500.1 Billion 💸 (as of 4:15 PM ET)
What’s behind this insane milestone?
✅ Tesla:
Stock at all-time highs 📈
EV + AI innovations booming
Musk owns 12.4% (~60% of his net worth)
Sold $1B in shares recently — bullish signal 💪
🚀 SpaceX:
Valuation: $400B
Musk owns ~42%
🧠 xAI:
Valuation: $113B
Musk owns 53%
🐶 DOGE’s Role?
Yes, the meme king is in the mix 😅
In Jan 2025, Musk’s viral tweets + his surprise role in the "DOGE" (Department of Government Efficiency) under Trump sent $DOGE to $0.48 💥
Musk’s DOGE holdings added ~$500M–$1B
Still <1% of his total net worth (Tesla was 75% in 2020)
🚀 Looking Ahead:
Elon at $500B...
Will he be the first TRILLIONAIRE? Or will the market say “not so fast”? 🤔
🔥 Current DOGE Price:
Perp: $0.25526 (+4.05%)
Spot: $0.25268 (+8.43%)
💬 Like, follow, and share if you're riding with the DOGE ARMY & ELON!
#DOGE #ElonMuskTwitter #CryptoNews #MemeCoins #SpaceX
$DOGE
Elon Musk becomes the first person ever to hit a net worth of $500.1 Billion 💸 (as of 4:15 PM ET)
What’s behind this insane milestone?
✅ Tesla:
Stock at all-time highs 📈
EV + AI innovations booming
Musk owns 12.4% (~60% of his net worth)
Sold $1B in shares recently — bullish signal 💪
🚀 SpaceX:
Valuation: $400B
Musk owns ~42%
🧠 xAI:
Valuation: $113B
Musk owns 53%
🐶 DOGE’s Role?
Yes, the meme king is in the mix 😅
In Jan 2025, Musk’s viral tweets + his surprise role in the "DOGE" (Department of Government Efficiency) under Trump sent $DOGE to $0.48 💥
Musk’s DOGE holdings added ~$500M–$1B
Still <1% of his total net worth (Tesla was 75% in 2020)
🚀 Looking Ahead:
Elon at $500B...
Will he be the first TRILLIONAIRE? Or will the market say “not so fast”? 🤔
🔥 Current DOGE Price:
Perp: $0.25526 (+4.05%)
Spot: $0.25268 (+8.43%)
💬 Like, follow, and share if you're riding with the DOGE ARMY & ELON!
#DOGE #ElonMuskTwitter #CryptoNews #MemeCoins #SpaceX
$DOGE
🚨 #ElonMuskTwitter says: Cancel Netflix! 🚨
Musk ka ek tweet aur phir se markets me hawa garam!
Is baar Netflix ko target kiya — but remember, uske ek tweet ne Dogecoin ko pump kar diya tha aur poore crypto market ka sentiment badal gaya tha.
❓ Sawal ye hai:
Agar Musk ke ek lafz se streaming giant Netflix ki sentiment girti hai, to kal ko ek aur tweet crypto ke liye kya kar sakta hai? 🚀
#FinanceFlash #ElonMusk #CryptoNews #Netflix #Dogecoin
Musk ka ek tweet aur phir se markets me hawa garam!
Is baar Netflix ko target kiya — but remember, uske ek tweet ne Dogecoin ko pump kar diya tha aur poore crypto market ka sentiment badal gaya tha.
❓ Sawal ye hai:
Agar Musk ke ek lafz se streaming giant Netflix ki sentiment girti hai, to kal ko ek aur tweet crypto ke liye kya kar sakta hai? 🚀
#FinanceFlash #ElonMusk #CryptoNews #Netflix #Dogecoin
Mr Elon Musk say 💪💪💪💥
Made on Earth by humans💪💪💪💪
$ELDE $AVL $MYX
go 💵🤑
#ElonMuskTalks #ElonMuskTwitter #BinanceHODLerEDEN #MarketRebound #BTCPriceVolatilityNow
go 💵🤑
#ElonMuskTalks #ElonMuskTwitter #BinanceHODLerEDEN #MarketRebound #BTCPriceVolatilityNow
please sir 🤣buy this coin 🤣😂🤑💵 $TALE $CELB $ELDE go to moon and moon to Sun 😂🤣😁 #TrumpCryptoSupport #alon #ElonMuskTalks #ElonMusk #TrumpNewTariffs
🚨 RUMOR ALERT:
Elon Musk ki SpaceX shayad #Dogecoin ko accept kare gi for trips to space! 🌌🪙
Yeh hai kuch headlines:
Dogecoin payment for future SpaceX missions ki possibility ban rahi hai.
Kuch log kehte hain “Your not bullish enough” agar tum is ko ignore kar rahe ho.
Kya yeh sach hoga ya sirf hype? Tariqa hai apna kaam karne ka — watch closely aur apna research karo.
$DOGE
#DOGE #ElonMuskTwitter #SpaceX
Elon Musk ki SpaceX shayad #Dogecoin ko accept kare gi for trips to space! 🌌🪙
Yeh hai kuch headlines:
Dogecoin payment for future SpaceX missions ki possibility ban rahi hai.
Kuch log kehte hain “Your not bullish enough” agar tum is ko ignore kar rahe ho.
Kya yeh sach hoga ya sirf hype? Tariqa hai apna kaam karne ka — watch closely aur apna research karo.
$DOGE
#DOGE #ElonMuskTwitter #SpaceX
🚨⚡️Did Elon Musk’s love life actually shape Dogecoin’s destiny? 🤔
Back in 2019, the “Dogefather” could pump $DOGE 20% in minutes with a single tweet like “Doge barking at the moon.” By 2021, his memes had fueled a jaw-dropping 12,000% run. 🚀🐕
But after Musk’s 2022 breakup with Grimes, the magic started fading. His Doge tweets slowed down, and the market’s reaction to them weakened. Some say he shifted focus to Tesla, SpaceX, and Mars… others joke he just gained emotional stability. 💕📉
Now in 2025, DOGE still wags but without the same bite from Musk’s tweets. The question is:
👉 Was Dogecoin’s golden era tied to Elon’s romance, or will he come back barking louder than ever?
#Dogecoin #ElonMuskTwitter #cryptohumor #MarketPullback #DOGE
Back in 2019, the “Dogefather” could pump $DOGE 20% in minutes with a single tweet like “Doge barking at the moon.” By 2021, his memes had fueled a jaw-dropping 12,000% run. 🚀🐕
But after Musk’s 2022 breakup with Grimes, the magic started fading. His Doge tweets slowed down, and the market’s reaction to them weakened. Some say he shifted focus to Tesla, SpaceX, and Mars… others joke he just gained emotional stability. 💕📉
Now in 2025, DOGE still wags but without the same bite from Musk’s tweets. The question is:
👉 Was Dogecoin’s golden era tied to Elon’s romance, or will he come back barking louder than ever?
#Dogecoin #ElonMuskTwitter #cryptohumor #MarketPullback #DOGE
Here’s a polished, scroll-stopping version of your post 👇
---
🚨⚡️ Did Elon Musk’s love life secretly shape Dogecoin’s destiny? 🤔
🐕 Back in 2019, the “Dogefather” could pump $DOGE 20% in minutes with a single tweet — “Doge barking at the moon.”
🚀 By 2021, his memes helped fuel a 12,000% run.
💔 But after his 2022 breakup with Grimes, the magic faded: fewer Doge tweets, weaker reactions, and a shift of focus toward Tesla, SpaceX, and Mars.
Some say he got busy. Others say he just found… emotional stability. 💕📉
Fast forward to 2025: DOGE still wags, but the bite from Musk’s tweets isn’t the same.
👉 So what do you think — was Dogecoin’s golden era tied to Elon’s romance, or will he come back barking louder than ever? 🐕🔥
#Dogecoin #ElonMuskTwitter #CryptoHumor #MarketPullback #DOGE
---
Do you want me to also create a short meme caption version (like “Grimes broke up → Doge broke down 💔🐕”) for quick viral engagement?
---
🚨⚡️ Did Elon Musk’s love life secretly shape Dogecoin’s destiny? 🤔
🐕 Back in 2019, the “Dogefather” could pump $DOGE 20% in minutes with a single tweet — “Doge barking at the moon.”
🚀 By 2021, his memes helped fuel a 12,000% run.
💔 But after his 2022 breakup with Grimes, the magic faded: fewer Doge tweets, weaker reactions, and a shift of focus toward Tesla, SpaceX, and Mars.
Some say he got busy. Others say he just found… emotional stability. 💕📉
Fast forward to 2025: DOGE still wags, but the bite from Musk’s tweets isn’t the same.
👉 So what do you think — was Dogecoin’s golden era tied to Elon’s romance, or will he come back barking louder than ever? 🐕🔥
#Dogecoin #ElonMuskTwitter #CryptoHumor #MarketPullback #DOGE
---
Do you want me to also create a short meme caption version (like “Grimes broke up → Doge broke down 💔🐕”) for quick viral engagement?
$ETH
🚨🇺🇸 Elon Musk's Dominance Over Donald Trump in Crypto Market Influence 👀🏓⚡️
- Immediate Impact : Musk's tweets move the market instantly, with a single tweet able to raise or lower the price of a cryptocurrency in minutes ⏱️
- Tech Connection : Musk represents the spirit of technology and the future, and his connection to Tesla and SpaceX makes him convincing in entering the crypto space. 🤖
- Numbers : Musk owns approximately $2 billion in cryptocurrencies and has an influential media presence with over 220 million followers, while Trump owns $1.3 million in cryptocurrencies and has 140 million followers 📊
- Cultural Presence : Musk is at the heart of meme and crypto culture, understanding the market and interacting with it in a genuine way, giving him immediate power in the market. 🤣
- Influence Can't Be Bought : Musk didn't rise to crypto prominence because he's the richest or has political authority, but because he understands the market and interacts with it genuinely
#MarketPullback #TrumpCryptoSupport #ElonMuskTwitter
🚨🇺🇸 Elon Musk's Dominance Over Donald Trump in Crypto Market Influence 👀🏓⚡️
- Immediate Impact : Musk's tweets move the market instantly, with a single tweet able to raise or lower the price of a cryptocurrency in minutes ⏱️
- Tech Connection : Musk represents the spirit of technology and the future, and his connection to Tesla and SpaceX makes him convincing in entering the crypto space. 🤖
- Numbers : Musk owns approximately $2 billion in cryptocurrencies and has an influential media presence with over 220 million followers, while Trump owns $1.3 million in cryptocurrencies and has 140 million followers 📊
- Cultural Presence : Musk is at the heart of meme and crypto culture, understanding the market and interacting with it in a genuine way, giving him immediate power in the market. 🤣
- Influence Can't Be Bought : Musk didn't rise to crypto prominence because he's the richest or has political authority, but because he understands the market and interacts with it genuinely
#MarketPullback #TrumpCryptoSupport #ElonMuskTwitter
$DOGE
🚨"Elon Musk disappears from the crypto scene... or is he planning a cosmic surprise?
🚀 Elon Musk's absence from crypto support has sparked a whirlwind of speculation! 🤔 Is the crypto king backing down, or is he preparing for a massive strike?
💥 The rumors are flying: Is Musk planning to send Dogecoin (DOGE) to space via SpaceX rockets?
🚀💫 Imagine the famous meme coin soaring among the stars!
🌠 Since Musk launched his famous tweets that shook the Dogecoin markets with imaginary heights, 📈
and now some whisper that he might integrate DOGE as a payment method on platform X!
📊 Imagine paying for your tweets with the cute dog coin! 🐶 But, is this just a dream?
🤔 Or is Musk, with his renowned genius, preparing a revolution that combines space and crypto? 🚀🔥
The markets are watching, and investors are waiting! 📊👀 Will Elon return with a crypto surprise?
🎉 Or is his silence just the calm before the storm? ⛈️
Follow the madness, maybe Mars will be the next destination for Dogecoin! 🌌
#ElonMuskTalks #ElonMuskTwitter #ElonmuskDogecoin
🚨"Elon Musk disappears from the crypto scene... or is he planning a cosmic surprise?
🚀 Elon Musk's absence from crypto support has sparked a whirlwind of speculation! 🤔 Is the crypto king backing down, or is he preparing for a massive strike?
💥 The rumors are flying: Is Musk planning to send Dogecoin (DOGE) to space via SpaceX rockets?
🚀💫 Imagine the famous meme coin soaring among the stars!
🌠 Since Musk launched his famous tweets that shook the Dogecoin markets with imaginary heights, 📈
and now some whisper that he might integrate DOGE as a payment method on platform X!
📊 Imagine paying for your tweets with the cute dog coin! 🐶 But, is this just a dream?
🤔 Or is Musk, with his renowned genius, preparing a revolution that combines space and crypto? 🚀🔥
The markets are watching, and investors are waiting! 📊👀 Will Elon return with a crypto surprise?
🎉 Or is his silence just the calm before the storm? ⛈️
Follow the madness, maybe Mars will be the next destination for Dogecoin! 🌌
#ElonMuskTalks #ElonMuskTwitter #ElonmuskDogecoin
🚀 $GAIN (Griffin AI) HYPE ALERT 🚀
Rumors say that Elon Musk supports the GAIN (Griffin AI) token 🔥. With such backing, the growth potential is massive 📈🚀.
This could be the start of a huge bullish trend – don’t miss the wave! 💎🙌#ElonMuskTwitter
Rumors say that Elon Musk supports the GAIN (Griffin AI) token 🔥. With such backing, the growth potential is massive 📈🚀.
This could be the start of a huge bullish trend – don’t miss the wave! 💎🙌#ElonMuskTwitter
🚀 $BLESS HYPE ALERT 🚀
The BLESS token went through a correction 📉, but is now in strong accumulation mode 💰. The next move will be bullish, pushing the price above $0.10+ 📈🔥.
Now is the perfect time to catch the next wave of growth! 🚀 #ElonMuskTwitter
The BLESS token went through a correction 📉, but is now in strong accumulation mode 💰. The next move will be bullish, pushing the price above $0.10+ 📈🔥.
Now is the perfect time to catch the next wave of growth! 🚀 #ElonMuskTwitter
🚀 $BLESS HYPE ALERT 🚀
The $BLESS token is now backed by Elon Musk 💎🙌! His support brings massive growth potential 📈🔥.
This is just the beginning – the next bullish wave will be unstoppable! 🚀#ElonMuskTwitter #BinanceSupportCenter
The $BLESS token is now backed by Elon Musk 💎🙌! His support brings massive growth potential 📈🔥.
This is just the beginning – the next bullish wave will be unstoppable! 🚀#ElonMuskTwitter #BinanceSupportCenter
🚀 $BLESS HYPE ALERT 🚀
The $BLESS token is now backed by Elon Musk 💎🙌! His support brings massive growth potential 📈🔥.
This is just the beginning – the next bullish wave will be unstoppable! 🚀 #ElonMuskTwitter
The $BLESS token is now backed by Elon Musk 💎🙌! His support brings massive growth potential 📈🔥.
This is just the beginning – the next bullish wave will be unstoppable! 🚀 #ElonMuskTwitter
BIG BREAKING 🚨
TESLA TO ACCEPT $BTC PAYMENTS AGAIN BY NEXT MONTH SAYS SOURCES
HUGEEE🔥
Buy & Trade Here 👉$BTC Now
#CryptoStocks #BitcoinDunyamiz #BinanceAlphaAlert #ElonMuskTwitter #Boomm💥💥
TESLA TO ACCEPT $BTC PAYMENTS AGAIN BY NEXT MONTH SAYS SOURCES
HUGEEE🔥
Buy & Trade Here 👉$BTC Now
#CryptoStocks #BitcoinDunyamiz #BinanceAlphaAlert #ElonMuskTwitter #Boomm💥💥
So Are Donald Trump And Elon Musk Really Desperate For Bitcoin? Why is Bitcoin at Risk?
#USJoblessClaimsDrop
#BinanceAlphaAlert
#AIMarketCapDip
#BinanceAlphaAlert
#ElonMuskTwitter
$BTC
📢 Everyone follow me so that I can deliver all your news quickly and save your money from the hands of the market ! 🙏 ♥️
The crypto and traditional markets experienced significant declines on January 7, 2025, primarily driven by stronger-than-anticipated economic indicators that could delay anticipated Federal Reserve rate cuts. Bitcoin dropped to $96,909, marking an over 5% decline in the past 24 hours.
The sharp correction saw over $$483.44M in long positions liquidated within just 24 hours, according to Coinglass data. Other major cryptocurrencies followed suit, with Ethereum falling over 8%, and Solana declining over 7%.
Why Is Crypto Down Today: Bitcoin, Tech Stocks Fall as Economic Strength Challenges Rate Cut Hopes
The crypto and traditional markets experienced significant declines on January 7, 2025, primarily driven by stronger-than-anticipated economic indicators that could delay anticipated Federal Reserve rate cuts.
The sharp correction saw over $$483.44M in long positions liquidated within just 24 hours, according to Coinglass data. Other major cryptocurrencies followed suit, with Ethereum falling over 8%, and Solana declining over 7%.
The catalyst for today's market movement came from two key economic reports. First, the Institute for Supply Management's December PMI jumped to 54.1, surpassing November's 52.1.
On the other hand, where November's JOLTS report showed higher-than-expected job openings, though hiring decreased compared to the previous month. The quit rate, which indicates worker confidence, fell to 1.9% from October's 2.1%.
These economic indicators have led investors to recalibrate their rate-cut expectations, with traders now seeing less than a 50% chance of rate cuts before June. The Federal Reserve is widely expected to maintain current rates at its upcoming January meeting.
The stock market reflected these concerns, with the S&P 500 falling 1.1% and the Nasdaq Composite dropping 1.9%. Nvidia shares tumbled 6.2% despite CEO Jensen Huang's announcement of new AI initiatives at CES.
#BinanceAlphaAlert
#AIMarketCapDip
#BinanceAlphaAlert
#ElonMuskTwitter
$BTC
📢 Everyone follow me so that I can deliver all your news quickly and save your money from the hands of the market ! 🙏 ♥️
The crypto and traditional markets experienced significant declines on January 7, 2025, primarily driven by stronger-than-anticipated economic indicators that could delay anticipated Federal Reserve rate cuts. Bitcoin dropped to $96,909, marking an over 5% decline in the past 24 hours.
The sharp correction saw over $$483.44M in long positions liquidated within just 24 hours, according to Coinglass data. Other major cryptocurrencies followed suit, with Ethereum falling over 8%, and Solana declining over 7%.
Why Is Crypto Down Today: Bitcoin, Tech Stocks Fall as Economic Strength Challenges Rate Cut Hopes
The crypto and traditional markets experienced significant declines on January 7, 2025, primarily driven by stronger-than-anticipated economic indicators that could delay anticipated Federal Reserve rate cuts.
The sharp correction saw over $$483.44M in long positions liquidated within just 24 hours, according to Coinglass data. Other major cryptocurrencies followed suit, with Ethereum falling over 8%, and Solana declining over 7%.
The catalyst for today's market movement came from two key economic reports. First, the Institute for Supply Management's December PMI jumped to 54.1, surpassing November's 52.1.
On the other hand, where November's JOLTS report showed higher-than-expected job openings, though hiring decreased compared to the previous month. The quit rate, which indicates worker confidence, fell to 1.9% from October's 2.1%.
These economic indicators have led investors to recalibrate their rate-cut expectations, with traders now seeing less than a 50% chance of rate cuts before June. The Federal Reserve is widely expected to maintain current rates at its upcoming January meeting.
The stock market reflected these concerns, with the S&P 500 falling 1.1% and the Nasdaq Composite dropping 1.9%. Nvidia shares tumbled 6.2% despite CEO Jensen Huang's announcement of new AI initiatives at CES.
Login to explore more contents