Bloomingbit Newsroom

Bong

???

This news does not have a ticker Gibberish gibberish gibberish gibberish gibberish gibberish gibberish gibberish gibberish gibberish gibberish gibberish

- 2.0 Current LOGO - Bling 2.0 Animation (Old Version - Flickering) - Bling 2.0 Animation Flickering Removed - Hankyung.com Bling 2.0 Icon Bling 2.0 Icon Bling 1.5 Icon ERROR - Bling 1.5 Web Banner (Old Version)

Bitcoin Price A to Z First time surpassing 90,000 KRW Powell "No need for rate cuts" remarks Market "Only a short-term adjustment" Some "Could reach 100,000 KRW within the year" After Donald Trump was elected as the President in the U.S. election, the price of Bitcoin, which had been on a downward trend, is now rising. Jerome Powell, the Chairman of the U.S. Federal Reserve (Fed), stated that "there is no need for rate cuts," which acted as a negative factor. Before the election, Bitcoin, which had been fluctuating around 70,000 KRW, surpassed 90,000 KRW for the first time on the 13th in Korean time. On the 14th, it even reached up to 93,000 KRW at one point, raising expectations for a rise to 100,000 KRW within the year. This upward trend is analyzed as being influenced by the election of Trump, who promised a pro-Bitcoin policy. The expectation that Trump would deregulate virtual assets in the U.S. also contributed. Previously, Trump had expressed his intention to make all Bitcoins tradable in the U.S. by recognizing them as national strategic assets. He also appointed Elon Musk, known as a supporter of Bitcoin and Dogecoin, as the CEO of the newly established 'Government Efficiency Committee (DOGE)'. The atmosphere changed on the 14th when Powell attended a Fed event in Texas and said, "There is no indication that the U.S. economy needs rate cuts," which was contrary to some expectations. At that time, the market expected the Fed to cut rates in December following a base rate cut in November. This led to a surge in Bitcoin prices. CoinDesk, a cryptocurrency media outlet, commented that "Powell's remarks have dampened expectations for rate cuts" and predicted that "the idea of a rate cut in December may not be as certain as thought." Bitcoin prices fell to 87,000 KRW as of the afternoon of the 15th in Korean time. However, there are many predictions in the market that "even if Bitcoin undergoes a short-term adjustment, it will continue to rise until the end of the year." Jeff Kendrick, an analyst at Standard Chartered Bank, said, "Bitcoin could rise to 100,000 KRW by the end of the year, and there is a possibility of reaching up to 125,000 KRW."

Cryptocurrency Collapse A to Z First time surpassing 90,000 KRW Powell "No need for rate cuts" remarks Market experts "Only a short-term adjustment" Some "Will reach 100,000 KRW within the year" After Donald Trump was elected as the U.S. President, Bitcoin prices have been on the rise. Jerome Powell, the Chairman of the U.S. Federal Reserve (Fed), stated that "there is no need for rate cuts," which had a negative impact on the market. Before the election, Bitcoin, which was fluctuating around 70,000 dollars, surpassed 90,000 dollars for the first time on the 13th in Korean time. On the 14th, it even reached up to 93,000 dollars, raising expectations for a year-end rally to 100,000 dollars. This upward trend is analyzed as an effect of Trump's election, who promised a pro-cryptocurrency policy. The expectation that Trump's election would lead to deregulation of virtual assets in the U.S. has grown. Previously, during the Trump administration, there was a notion to treat Bitcoin as a national strategic asset and ensure all cryptocurrencies are mined in the U.S. He also appointed Mark Tesla, known as a supporter of Bitcoin and Dogecoin, as the CEO of the newly established 'Government Efficiency Committee (DOGE)'. The atmosphere shifted on the 14th when Powell attended a Fed event in Texas and stated, "There is no signal that the U.S. economy needs rate cuts," which negatively affected the market. Initially, the market expected the Fed to lower the base rate in November and continue to cut in December. This led to a surge in Bitcoin prices. CoinDesk, a cryptocurrency specialist media, stated, "Powell's remarks have dashed hopes for a rate cut," and predicted that "the idea of a December rate cut is not as certain as it was thought." Bitcoin prices fell to 87,000 dollars by the afternoon of the 15th in Korean time. However, in the market, there are many predictions that "even if Bitcoin undergoes a short-term adjustment, it will continue to rise until the end of the year." Jeff Kendrick, an analyst at Standard Chartered Bank, said, "Bitcoin could rally to 100,000 dollars by the end of the year, and there is enough potential to reach up to 125,000 dollars."

There is an analysis that Ethereum (ETH) is slowly dying while facing a technical breakdown situation. According to Cointelegraph on the 16th (local time), Arthur Demister, founder of Adamant Capital, said, "Ethereum is dying a slow death," citing the decline in the ETH/BTC ratio as the reason. The ETH/BTC ratio is a chart that shows how much ETH can be bought with 1 BTC, comparing the price of Ethereum to Bitcoin. The ETH/BTC ratio has been continuously declining recently. The decline in this chart is interpreted as an increase in preference for Bitcoin. In other words, it means that the capital inflow into Ethereum is decreasing. The media explained, "If the ETH/BTC ratio falls to 0.017BTC, the price of Ethereum could drop by about 50%%." Furthermore, Ethereum's market dominance is recording its lowest level since April 2021, and Ethereum's position is continuously shaking. However, recently, Ethereum showed a rapid rise, surpassing the $3,000 line and succeeding in a rally like a mockery. On this day, Ethereum is being traded at the $3,100 level, up 2.6%% compared to the previous day in the Binance Tether (USDT) market.

ㅇㅇㅇ

Drift

(New York=Yonhap News) Im Haram, Yonhap Infomax Special Correspondent = This week (November 18~November 22), investors in the New York stock market are expected to focus on the interest rate outlook of the U.S. Federal Reserve (Fed·연준). The strong rally in the New York stock market triggered by Donald Trump's election as U.S. president did not last long. Last week, the Dow Jones Industrial Average fell by 1.24%%. The S&P 500 index fell by 2.08%% for the week. The Nasdaq index dropped by 3.15%% for the week. The New York stock market, which welcomed Trump's election as friendly due to expectations of uncertainty reduction, has cooled down internally. The Trump administration has begun appointing key personnel for each department. As the expectations for 'Trump 2.0' fade, investors are searching for stability and examining whether the new economic conditions will be favorable to the stock market. The Trump administration's policies on taxes and immigration could reignite inflation. Also, the Trump administration's policies could change the economic outlook in a different direction than expected. What investors are most curious about is how the new economic outlook might affect the Fed's interest rate path. The Fed has already entered the path of interest rate hikes, and if disinflation continues, it is expected to steadily raise rates. However, the Fed's strategy in the Trump era is complex. Last week, Fed Chair Jerome Powell indicated that the Fed does not need to rush to raise the base rate. He attended an event in Texas and stated, "There is no signal that the U.S. economy needs a rate hike," he said. Other Fed members also agreed with this view. In an interview with a foreign media outlet, Austin Goolsbee, president of the Chicago Federal Reserve Bank, known as a representative 'dove' (a pro-communication advocate) within the Fed, said, "In the next 12 to 18 months, we will proceed towards our inflation target of 2%%, and the rate will be much lower than the current level," while also stating that there is no need to rush to lower the rate to that level. Susan Collins, president of the Boston Fed, said in an interview with a foreign media outlet that she does not rule out the possibility of a rate hike at the next Federal Open Market Committee (FOMC) meeting in December, but it is not confirmed. According to the CME FedWatch, the probability of the Fed raising rates at the December FOMC meeting is almost 40%%. If the Fed's rate hike path becomes more uncertain, the market is expected to experience significant disappointment. High interest rates are a negative factor for the stock market. The New York stock market has already seen a strong rally in anticipation of the Fed's rate hike. If the rate path is readjusted, U.S. bond rates could rise even higher than the current level. The 10-year U.S. Treasury yield has already risen to 4.44%%. Investors are expected to scrutinize the Fed's rate hike speed more closely due to the statements of Fed officials scheduled for this week. On the other hand, this week, Nvidia will announce its earnings. There is anticipation whether Nvidia's performance will once again trigger an artificial intelligence (AI) rally. Additionally, the Purchasing Managers' Index (PMI), which can gauge the manufacturing and service industry conditions in the U.S., will be released. Regional Federal Reserve Banks will announce manufacturing indices, consumer sentiment indices, economic activity indices, housing price indices, etc.