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And its potential impact on the cryptocurrency (crypto) market
Here is the economic agenda for this week with analysis of how each event affects crypto:
Monday ๐ด โช๏ธ No significant data โช๏ธ Official holiday in Japan ๐ฏ๐ต ๐น Impact on crypto: Relatively calm liquidity and sideways price movement.
Michael Saylor is back with updates on the Bitcoin Tracker, a move that often precedes an announcement about a new increase in its Bitcoin holdings.
๐ According to past patterns, the company typically reveals any addition to its BTC holdings the day after such hints, opening the door to expectations of a strong market move coming soon.
๐ Are we due for a new purchase that could impact the price?
Lookonchain observed a veteran Ethereum investorโ who purchased 154,076 ETH at an average price of approximately $517โdepositing 40,251 ETH worth of around $124 million into the Bitstamp platform over the past two days. $ETH #Bitcoin #Cryptocurrency #Investment #Profit #BTC #Trading #CryptoNews #Web3 #OpportunitiesNeverRepeat #ู ุงู_ูุงุนู ุงู #BinanceHODLerBREV #USNonFarmPayrollReport #FOMCWatch #USChinaDeal
๐ค Bitcoin (BTC): Trading at $90,750; trying to hold above the $90,000 level with a slight rebound in buying momentum after touching this morning's daily low.
โจ Altcoins: Slight improvement in performance; Ethereum rises to $3,098, while coins like Solana (SOL) and XRP show positive reversal signs from support zones.
You can present hundreds of analyses and explain every move, but the truth is clear: if Bitcoin dropped, it dropped, and there's no need to play around with interpretations from so-and-so, so-and-so, and so-and-so.
Currently, the market is in a short-term downtrend, resembling the 2019 correction more than those in 2018 or 2022. That means the drop might be temporary, and the major upward trend could return shortly, just like it did in 2019.
All the indicators that supported the short-term drop are still present. The market can reverse quickly, but weakness still dominates over strength, even with some recent recovery.
In conclusion: all possibilities are open, the short-term drop is ongoing, and everything is on the table.
Follow the market carefully, and stay ready for any sudden move.
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Optimism network announced its plan to buy back a significant portion of the OP token from the market, a move aimed at supporting the ecosystem and enhancing the token's value in the coming period.
Such actions typically reflect the project's confidence in its future and send a positive signal to investors and followers ๐๐
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Wall Street giant "Morgan Stanley" dominates the crypto market! ๐๐ฆ
In a move confirming that 2026 is the year of full institutional adoption, Morgan Stanley has expanded its investment umbrella to include the "big three" in the digital assets world. ๐น Key highlights from today's report (January 7): 1๏ธโฃ Completion of the triangle: Just days after filing for Bitcoin and Solana funds, the bank has officially submitted a registration statement to the Securities and Exchange Commission (SEC) for the launch of an Ethereum Trust fund.
2๏ธโฃ Strategic shift: After initially granting clients access to cryptocurrencies in wealth management since last October, the bank is now moving from mere "brokerage" to "managed and organized private funds."
3๏ธโฃ Confidence in Solana: Notably, Solana is positioned alongside Bitcoin and Ethereum, reinforcing its status as a serious institutional asset.
โ The bottom line is that Morgan Stanley's strong entry means safe and organized investment tools for hundreds of thousands of traditional investors, injecting massive liquidity into the market and pushing legal recognition of digital assets to unprecedented levels.
If you thought 2024 was a bad year for crypto... you were probably looking in the wrong direction ๐
More truthful than many would like to admit.
The year 2024 was actually one of the most profitable years, not because the market inflated everything, but because liquidity became smart and selective. We witnessed two strong periods of momentum in the formation, where the market doubled, but some projects achieved multiples far exceeding the market.
The focus was clearly on AI projects, driven by the strength of the AI Narrative, while many projects remained off the scene.
๐ค Bitcoin (BTC): Surpassing the $93,000 mark in a strong start to the year, achieving a positive weekly close that enhances the chances of reaching new record levels.
โจ Altcoins: Notable recovery led by Ethereum, which broke through the $3,200 levels, with strong liquidity flowing towards major and meme coins.
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