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Share link:In this post: According to John Williams, president of the Federal Reserve Bank of New York, the U.S. economy is performing well, and there’s no immediate need for interest rate cuts. Recent inflation data are encouraging, and Williams expects price pressures to continue easing, with a disinflationary process continuing this year and next. Fed officials have lowered their expectations for rate cuts this year, projecting only one decrease and maintaining the benchmark rate at a two-decade high.Di
Bitcoin has fallen through a key price support that could signal an 8%-12% correction, potentially leading the price to decline towards $60,000, CryptoQuant analysts said.Traders closing their basis arbitrage trades have led to a significant decline in futures market activity and increased downside pressure for bitcoin, an analyst added.
- 13:00Bubblemaps: AINTI is involved in insider trading, insiders still hold 71% of the supplyOn January 23rd, according to Bubblemaps, the late entrepreneur and cryptocurrency enthusiast John McAfee's account on Solana released its own AI version of Meme coin AINTI, which involved a large amount of insider trading. Before AINTI was launched, 90% of its supply was sent to multiple addresses and more than $1.5 million has been sold off so far. Bubblemaps added that on January 7th, the deployer of AINTI token began distributing 60% of AINTI to 218 addresses and continued until it was launched. In total, 287 addresses received 90% of the supply. As soon as this token was introduced, it sold out at a price of $1.5 million from just 60 addresses. Other insiders still hold about 71% of the supply.
- 12:58Standard Chartered Bank: Institutional investors may drive BTC and ETH prices to reach $200,000 and $10,000 respectivelyStandard Chartered Bank's Global Digital Assets Research Director Geoff Kendrick stated that the inflow of institutional investors' funds could drive up the prices of Bitcoin and Ethereum. He predicts that by the end of 2025, the prices of Bitcoin and Ethereum will reach $200,000 and $10,000 respectively. He expects that in 2025, institutional funds flowing into Bitcoin will exceed the level in 2024, with additional funds possibly coming from long-term investment funds such as pension funds. At the same time, he pointed out that the inflow of institutional funds may suppress the strength of smaller coins.
- 12:43Strategist: BTC is well prepared for a significant upward extension to $130,000ChainCatcher news, according to BusinessInsider, LMAX Group market strategist Joel Kruger said: "Technically speaking, after reaching a new historical high this week, Bitcoin is currently consolidating well. Based on our chart analysis, Bitcoin is now ready for the next major upward extension to $130000."