#USConsumerConfidence

The crypto market has entered a new phase, surpassing the 104K level. This phase presents an opportunity for strategic growth in the industry. However, market sentiment remains influenced by external factors such as the high U.S. inflation rate, which is expected to exceed 3.2%.

A critical determinant for the U.S. economy will be the Federal Open Market Committee (FOMC) meeting on January 29, 2025. If the Federal Reserve announces rate cuts exceeding 5-6%, it could signal strong economic growth, reduce inflation, and lower unemployment, thereby boosting consumer confidence. This would positively impact overall crypto investments. On the other hand, if the rates remain unchanged, consumer confidence may falter, potentially hindering the growth of this new crypto market phase.

Meanwhile, the Nasdaq ended slightly higher, and the S&P 500 hit a new record. Oil prices fell by 1% following pressure from Donald Trump, who called for an immediate interest rate cut and threatened tariffs on non-U.S.-manufactured goods. In a noteworthy development, Trump signed an executive order to explore the creation of a "national digital asset stockpile," a move that could significantly bolster the crypto market.

Additionally, Trump emphasized his vision of positioning the U.S. as a manufacturing leader and a global hub for AI and cryptocurrency. The Senate Banking Subcommittee on Digital Assets plans to address stablecoins and a strategic Bitcoin reserve, which could play a pivotal role in shaping the industry in 2025.

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