1. Important news on 11th
1. U.S. stocks and bonds plummeted on non-farm payrolls day, and U.S. stocks turned negative this year. The U.S. added 256,000 non-farm jobs in December, exceeding expectations by 165,000, and the unemployment rate fell to 4.1%, lower than expected and lower than 4.2% in November. Non-farm payrolls far exceeded expectations, and Federal Reserve officials collectively sounded hawkish. Coupled with market expectations that Trump might declare an economic emergency to introduce tariff policies, inflation concerns have been exacerbated. Analysts say that in recent months, with the improvement of the job market, the Fed's focus has completely shifted to inflation. Traders cut their bets on rate cuts, and swap traders expect the Fed to cut interest rates by a total of about 28 basis points this year, compared to around 38 basis points before the data was released. The market expects the next rate cut to come around October, rather than the previously predicted June.
2. Canelsland Alternative Advisors founder Timothy Peterson stated that based on network growth and Metcalfe's law, he predicts Bitcoin will reach $1.5 million by 2035. Peterson's previous accurate predictions included a rebound in 2024 and a Bitcoin price floor of $10,000.
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