FameEX Morning Crypto News Recap | December 24, 2024

Fed Reshapes Interest Rate Committee Lineup, Signaling Potential Divisions in 2025

The Federal Reserve’s interest rate-setting committee is undergoing changes, with inflation concerns complicating decisions. After cutting its benchmark rate by 25 basis points this month, the Fed projects only two rate cuts in 2025. With rotating votes from 11 regional Fed presidents, increased disagreements within the FOMC are expected next year.

Forbes Forecasts 2025 Crypto Trends: Market Value Could Surpass $8 Trillion

Leeor Shimron, a senior Forbes contributor, predicts that by 2025, the crypto industry will surpass a market value of $8 trillion. Following the approval of a Bitcoin ETF in 2024, institutional funds, DeFi innovation, and clearer regulations will drive new growth. These factors will open up significant development opportunities for the industry in the coming years.

Santiment: Interest in Meme Coins Declining as Bitcoin Gains Popularity in Crypto Market

Santiment observed that cryptocurrency sentiment has shifted from bullish to bearish over the past two weeks, with a correction in altcoin market caps. Interest in meme coins is declining, while Bitcoin is gaining attention. Despite the fear, uncertainty, and doubt (FUD) in the market, this phase is seen as a natural cycle, offering patient traders opportunities for profit.

Investment Advisors Could Become the Top Holders of US Spot Bitcoin ETFs

CF Benchmarks predicts that investment advisors could surpass hedge funds as the largest holders of U.S.-listed spot Bitcoin (BTC) ETFs in 2025. Investment advisory firms are expected to control over 50% of the BTC and ETH ETF markets.

Analyst: Bitcoin Showed Significant Fluctuations During Christmas Holidays, But Overall Changes Were Modest

On-chain analyst Aunt Ai reviewed Bitcoin’s performance over the past five years during the Christmas and New Year holidays. While the price fluctuations were significant between December 20 and January 6, the ups and downs were all within 10%, except for 2020. Despite the influence of BTC ETF inflows and outflows, the Nasdaq index remained relatively stable, having minimal impact on cryptocurrencies. Bitcoin's behavior contradicts the "Christmas robbery" theory.

Musk Criticizes Federal Reserve for Overstaffing

Musk criticized the Federal Reserve on social media, calling its staffing "extremely bloated." According to data, the Federal Reserve and its 12 regional banks employed approximately 24,000 people last year, a number notably lower than comparable institutions. In contrast, the central banks of Germany, France, and Italy collectively employ more staff.

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