joline3melia

@joline3melia

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Ethereum co-founder Vitalik Buterin called for Elon Musk to “turn down the temperature” amid a heated debate on his platform over foreign tech workers, which has stirred new controversy over free speech.

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Still, Gallup’s survey wrapped up before the Federal Reserve’s market committee bearishly trimmed the number of 2025 projected interest rate cuts from five to two in a Dec. 18 meeting, which may create a less favorable macro environment for the stock market and even more so for risk-on assets like Bitcoin.

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Some have tipped a far more crypto-friendly Trump administration and a potential strategic Bitcoin reserve to further bolster Bitcoin’s 2025 performance against the S&P 500 and other notable stock market indexes.

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The crypto market itself has seen generally optimistic forecasts for 2025.

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Gallup noted it is typical for Americans who identify with the new president’s party to be more optimistic for the year ahead.

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Bitcoin open interest (OI) has hit new all-time highs as the market returns to price discovery.

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Saylor has made various BTC purchases in recent weeks, with markets initially selling off as a result before rebounding.

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Beyond Trump, Michael Saylor, CEO of business intelligence firm MicroStrategy, made fresh waves over the weekend by hinting that he had purchased even more BTC for his firm’s Bitcoin treasury.

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“We’re going to do something great with crypto because we don’t want China or anybody else — not just China but others are embracing it and we want to be the head,” he told CNBC in an interview last week that has since made multiple rounds on social media.

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The same day, Forbes released a prediction showing BTC/USD at over $500,000 due to Trump’s potential plan being enacted at scale.

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“There’s potential to use a day-one executive order to purchase Bitcoin,” Jack Mallers, CEO of Bitcoin payment company Strike, told podcast host Tim Pool on Dec. 14.

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As Cointelegraph reported, a move into Bitcoin could begin on Trump’s first day in office next month.

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Thanks to new reports that US President-elect Donald Trump plans to create a form of national Bitcoin reserve, market fever and sky-high BTC price predictions are firmly in play.

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The topic on everyone’s lips in the third week of December is not the new BTC price highs, but how high Bitcoin may go next.

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Data from CME Group’s FedWatch Tool on Dec. 16 gave almost unanimous market odds of a 0.25% rate cut — 97.1%.

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Though Japan has one of the largest gross domestic products (GDPs) in the world, the country dropped from third to fourth place in 2023, losing its position to Germany amid a slowing economy. Most estimates place Japan’s GDP at more than $4 trillion, suggesting that if its government were to establish a national BTC reserve, it could benefit crypto holders.

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According to his social media activity on X, Yamada has been closely following efforts in the US to introduce a strategic BTC reserve. He has retweeted posts from the American political action committee created by Elon Musk about the Tesla CEO’s proposed Department of Government Efficiency — which would likely be an advisory committee, not a government department.

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The ADA/USDT pair bounced off $0.91 on Dec. 10, but the relief rally is expected to face selling at the 61.8% Fibonacci retracement level of $1.16. If the price turns down sharply from $1.16 and breaks below the 20-day EMA, it will indicate the formation of a range.

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This optimistic view will be negated in the near term if the price turns down and breaks below $0.36. That increases the possibility of a drop to the 50-day SMA ($0.31), an important level for the bulls to defend.

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The bulls are trying to push the price back into the channel. If they succeed, it will suggest that the breakdown may have been a bear trap. The DOGE/USDT pair could rise to $0.42 and, after that, to $0.48.

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