Good morning!
* Next week is DECISIVE for financial markets and crypto, we have a decision on interest rates, GDP, PCE inflation and more.
-On Monday we have the data on new home sales.
An INCREASE in these sales would reflect STRENGTH in the ECONOMY.
-On Tuesday we have the CONSUMER confidence index.
An increase in this figure would indicate that people plan to consume more, which is good for businesses and therefore for STOCKS and the ECONOMY.
-The INTEREST rate will be decided on Wednesday.
Previously, it was in the range of 4.25-4.5% and now the futures market sees a 97.8% chance that it will STAY in that range.
Bad economic data and DOWN inflation data could drive a cut, but it is unlikely.
-On Thursday we have 2 important ECONOMIC data points.
The quarterly GDP, which previously was 3.1%, is among the highest among developed economies.
Remember that 2 quarters of negative GDP equals RECESSION, it is key that GDP continues to GROW.
New unemployment claims are also published.
This is an ECONOMIC data point that is strongly related to recessions; it is key that people have jobs to be able to INVEST.
-On Friday we have the PCE INFLATION.
Previously, the monthly rate was 0.1% and the annual rate was 2.8%.
The market would react to the RISE if inflation FALLS, as it would prompt the FED to cut rates.
* BlackRock has made its LARGEST Bitcoin purchase of the year: $600,000,000 in BTC.
* The CEO of BlackRock just announced at the WORLD ECONOMIC FORUM that Bitcoin could reach $700k as the sovereign fund considers allocating between 2% and 5% to BTC.
"I am a BIG BELIEVER in Bitcoin."
"If you are concerned about devaluation or local political instability, you have an international instrument called Bitcoin to overcome those fears."
"We could see $500K, $600K, $700K for each BTC."
* MARA Holdings announces a STRATEGIC RESERVE Plan with Bitcoin in all 50 states, with bipartisan support and backing from corporate leaders.
* According to the latest data from appfigures, cryptocurrency-related apps occupy the top four positions in the free financial apps ranking on the USA App Store.
* Trump responded to the TRUMP token for the first time during a meeting with SoftBank CEO Sam Altman and others. Trump said: I don’t know much about the token, other than that I launched it and heard it was very successful.
* The CEO of Coinbase, Brian Armstrong, says that President Trump is excited about the Strategic Reserve of Bitcoin.
"I think he is excited about it. He really wants to be the first BTC president."
* Coinbase CEO: Bitcoin is a good check and balance on deficit spending and inflation.
"If it ever gets too out of control, people will turn to BTC for safety."
* According to DeFiLlama, from January 20 to 21, Solana's MEV infrastructure, Jito, captured more than $20 million in fees over two consecutive days for the first time in history.
* According to James Seyffart, Bloomberg ETF analyst, it seems that CME Group has added pages for XRP and SOL futures.
* TD Cowen warned that Trump’s official currency could hinder the progress of both parties in advancing legislation on the structure of the cryptocurrency market.
* President Trump has officially PARDONED Silk Road founder Ross Ulbricht.
* Following Gary Gensler's departure from the SEC, a huge list of cryptocurrency ETF filings has been revealed, many of which were submitted since Gary Gensler resigned as SEC chairman.
Highlighting Solana, XRP, Litecoin, HBAR.
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