The US Federal Reserve, the Bank of England, and the Bank of Japan will all announce their interest rate decisions this week. Bitcoin suddenly surged this morning, breaking a new historical high of $105,250. Ethereum has also returned above $3,900, but still has over 20% upside potential to reach its historical high of $4,868 in 2021.
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ToggleSuper Central Bank Week
The US Federal Reserve will hold its interest rate decision meeting on 12/17~12/18 this week, and the market generally expects the Fed to cut rates by 25 basis points, lowering the federal funds rate to 4.25~4.50%. Although the Fed itself is prepared to cut rates, the arrival of 2025 and the threat of tariffs by the incoming Trump administration may cause officials to hesitate to take further action due to the prospect of imported inflation.
The Bank of England (BOE) is expected to keep rates unchanged, considering the potential economic growth impact of its trade policy and persistent price pressures.
The Bank of Japan, which finally exited negative interest rates this year, may not raise rates again until 2025. However, some analysts recently believe the possibility of a rate hike has increased, and the market is watching for signs of policy adjustment.
(Will the Bank of Japan Hike Rates for the 3rd Time This Year? Will the Yen Rise Again?)
MicroStrategy Officially Included in Nasdaq 100 Index
MicroStrategy, which calls itself a Bitcoin development company, has officially been included in the Nasdaq 100 index and will take effect before the market opens on December 23, which is expected to drive a new wave of buying.
Bitcoin 105K, Hits New All-Time High
Bitcoin suddenly surged this morning, breaking a new historical high of $105,250.
Ethereum has also returned above $3,900, but still has over 20% upside potential to reach its historical high of $4,868 in 2021.
The top 10 cryptocurrencies by market cap have also seen gains of nearly 1% to 4%.
Risk Warning
Cryptocurrency investments are highly risky, and their prices may fluctuate dramatically, and you may lose your entire principal. Please carefully evaluate the risks.
