1 reply
0 recast
2 reactions
Bitcoin Falls as Trump-Fueled Rally Stalls — Market Talk
Bitcoin fell 1.3% to $95,292 in holiday-thinned trade, retreating from its $108,379 record high, as its rally driven by expectations of crypto-friendly Trump policies paused. Singapore’s core inflation dropped below 2% for the first time since 2021, fueling expectations of monetary easing, though economists suggest the Monetary Authority of Singapore might wait until April. The U.S. dollar rose as markets priced in cautious Fed rate cuts, with consumer confidence data in focus. The U.K.’s revised Q3 GDP showed no growth, raising recession concerns, though analysts expect economic improvement in 2025. China’s economy faces weak domestic demand despite a 5% GDP growth target, as housing and consumption challenges persist. Investors are awaiting concrete policy measures to bridge sentiment gaps in China for sustainable recovery. 1 reply
0 recast
1 reaction
