Bitcoin has closed the trading week at US$94,545.06, retreating from its recent high of US$108,530 in mid-December 2024. This decline follows stronger-than-expected U.S. economic data, which has bolstered the dollar and reduced expectations for the US Federal Reserve to cut rates.
The release of unexpectedly robust job opening data in the United States has led to a market pullback, as traders anticipate that the US Federal Reserve may maintain elevated interest rates for an extended period.
The convergence of artificial intelligence (AI) and blockchain, alongside the continued expansion of decentralised physical infrastructure network (DePIN), blockchain gaming, tokenisation of real-world assets (RWA), and the rise of utility tokens, is shaping the industry's future.
As we approach the busy holiday season, it's important to remain extra cautious about online scams. Cybercriminals often take advantage of the festive period, when people are distracted, to target unsuspecting individuals.
Here at BTC Markets, we're excited to see AMP stepping into the crypto space with their Bitcoin allocation, and I couldn't agree more with their strategic approach.
US inflation meets expectations boosting crypto markets with US$163 billion daily surge. Bitcoin ETF shatters records. MicroStrategy's likely addition to Nasdaq 100. ETH ETFs see US$1.3 billion inflows as ETH hits US$4k. The RBA holds rates steady.