Weekly Economic Calendar:
| Date | Time | Currency | Event | Expectation | Previously Announced Data |
|---|---|---|---|---|---|
| January 7, Tuesday | 13:00 | EUR | Eurozone – CPI (YoY) | 2.2% | |
| January 8, Wednesday | 16:15 | USD | ADP Nonfarm Employment Change (Dec) | 143K | 146K |
| January 8, Wednesday | 22:00 | USD | FOMC Meeting Minutes | ||
| January 9, Thursday | USD | National Day on U.S. Stock Exchanges, Markets Closed | |||
| January 10, Friday | 16:30 | USD | Nonfarm Payrolls (Dec) | 154K | 227K |
| January 10, Friday | 16:30 | USD | Unemployment Rate (Dec) | 4.2% | 4.2% |
| January 10, Friday | 16:30 | USD | Average Hourly Earnings (MoM) (Dec) | 0.3% | 0.4% |
This Friday, one of the month’s critical data points, the Nonfarm Payrolls Report, will be released. It is expected to come in lower compared to the previous month. The Unemployment Rate and Average Hourly Earnings data will be announced simultaneously. These figures should be evaluated together.
New Bitcoin Plan from Metaplanet
Japan-based company Metaplanet has decided to aggressively increase its Bitcoin investments. The company aims to quintuple its Bitcoin reserves by the end of 2025, reaching a total of 10,000 BTC. Behind this strategic move lies analysts’ expectations of a strong bull market for Bitcoin in the coming period, with predictions suggesting the price could surpass $200,000.
MicroStrategy’s New Bitcoin Move
Known for its pioneering role in digital asset investments, MicroStrategy has announced plans to issue $2 billion in perpetual preferred stock to expand its Bitcoin holdings. As part of its strategic “21/21 Plan”, the company aims to secure a total of $21 billion in equity and $21 billion in fixed-income financing over the next three years. Currently holding an impressive 446,400 BTC portfolio valued at approximately $43.7 billion, MicroStrategy expects the planned $2 billion stock issuance to be completed in the first quarter of 2025.
Ethereum’s 2025 Target
According to a new report published by StoneResearch, Ethereum (ETH) is expected to more than double in value, reaching at least $8,000 by 2025. As the world’s second-largest cryptocurrency by market capitalization, Ethereum may outperform Bitcoin (BTC) in terms of performance next year. The report emphasizes that this prediction is based on historical price trends, along with factors such as the potential economic impacts of a Donald Trump presidential victory. Additionally, Bitcoin is forecasted to reach a minimum of $150,000 in 2025, while Ethereum is expected to surge from its current $3,400 level to at least $8,000, marking significant growth. Experts attribute Ethereum’s potential rise to growing institutional interest, Ethereum 2.0 updates, and the expansion of the Decentralized Finance (DeFi) ecosystem.
Ripple Unlocks Tokens
Ripple unlocked 500 million XRP tokens last week. The transaction, detected by Whale Alert, took place in the early hours of the day, with the total value of the released tokens calculated at approximately $1.07 billion.
Joe Biden’s Peaceful Message to Trump
In the United States, as you know, Trump will return to office on January 20th. Before this, I read a letter from Joe Biden. His messages were notably peaceful. In an article published in The Washington Post, Biden emphasized that incidents like the January 6, 2021, Capitol riot must never happen again. He highlighted that peaceful transitions of power are a cornerstone of democracy and urged Donald Trump to embrace the same responsibility.
Crypto Prices Surge Today
Crypto prices showed strong upward momentum today, with Bitcoin nearing $100,000. Leading altcoins such as Ethereum, Ripple, and Solana also experienced significant movements.
Let’s take a look at ITB analyses for Bitcoin:
Currently, the proportion of Bitcoin holders making a profit at the market price stands at 94% profit, 3% loss, and 3% neutral. Whale trading volumes are observed at $134.48 billion, indicating a more cautious approach from whales and a decline in large transaction volumes.
ITB analyses show a market outlook for Bitcoin of “4 neutral”, “1 bullish”, and “0 bearish”. You can access the full ITB analysis details via the provided link. Refreshing the page will allow you to keep track of the constantly updated figures.
IntoTheBlock(ITB) Bitcoin(BTC) Analytics & Predictions EgeMoney
“The investment information and comments included in this research report do not constitute investment advice.”
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