FameEX Morning Crypto News Recap | December 24, 2024

Fed Revamps Interest Rate Committee, Raising Prospects for Divisions in 2025

The Federal Reserve’s interest rate-setting committee is being reshuffled amid inflation concerns, complicating decision-making. Following a 25-basis-point rate cut this month, the Fed forecasts just two rate cuts in 2025. With 11 regional Fed presidents rotating voting rights, greater divisions within the FOMC are anticipated in the coming year.

Forbes Predicts 2025 Crypto Market Trends: Value May Exceed $8 Trillion

Leeor Shimron, a senior Forbes contributor, forecasts that the crypto market will exceed $8 trillion in value by 2025. With the approval of a Bitcoin ETF in 2024, the industry will experience growth driven by institutional investment, DeFi innovation, and clearer regulations. These factors will create substantial new development opportunities in the coming years.

Santiment: Interest in Meme Coins Fades as Bitcoin's Popularity Rises in Crypto Market

Santiment noted that cryptocurrency sentiment has shifted from bullish to bearish in the last two weeks, with altcoin market caps correcting. As interest in meme coins fades, Bitcoin is gaining more attention. Despite the fear, uncertainty, and doubt (FUD), this market phase is considered a natural cycle, offering patient traders potential profit opportunities.

Investment Advisors Poised to Become Leading Holders of US Spot Bitcoin ETFs

CF Benchmarks forecasts that investment advisors could surpass hedge funds as the largest holders of U.S.-listed spot Bitcoin (BTC) ETFs by 2025. They expect investment firms to control over 50% of both the BTC and ETH ETF markets

Analyst: Bitcoin Experienced Major Fluctuations Over Christmas, But Overall Movements Were Limited

On-chain analyst Aunt Ai examined Bitcoin's performance during the Christmas and New Year holidays over the past five years. Although price fluctuations were notable from December 20 to January 6, they remained within 10%, except in 2020. Despite BTC ETF inflows and outflows, the Nasdaq index showed stability, with little effect on cryptocurrencies. Bitcoin’s trend contradicts the "Christmas robbery" theory.

Musk Slams Federal Reserve for Excessive Staffing Levels

Musk criticized the Federal Reserve on social media for being "extremely bloated" in terms of staffing. Data reveals that last year, the Fed and its 12 regional banks employed around 24,000 people, significantly fewer than similar institutions. In comparison, the central banks of Germany, France, and Italy employ more staff collectively.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.​