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PCE and Dovish Fed Remarks Give Crypto A Much-Needed Spark

Dec 20, 2024
Author
Sean Farrell
Sean Farrell AC

In today’s video, we outline our broader market perspective and discuss how today's PCE data, combined with surprisingly dovish Fed commentary, helped boost crypto prices, setting the stage for potential upside in the weeks ahead.

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Tickers in this video: #BTC

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CORE STRATEGY: FOCUS ON MAJORS, KEEP HEAD ON SWIVEL UNTIL BONDS/DXY RELENT We think it's right to expect a bounce into year-end, potentially starting tomorrow if PCE data comes in soft. In our view, this cycle is far from over, but until bonds find a bottom and the USD tops, it’s likely best for the more tactical investor to stay nimble and prepared for opportunities upon confirmation of this trend...

AVAX 7.48% BNB 2.83% BONK 20.02% BTC 1.42% CORE N/A% ETH 4.32% HNT 7.62% JTO 11.46% MKR 3.45% OP 4.35% RAY 10.25% SOL 4.28% STX 12.32% XRP 3.46% BITW -10.99% BTBT -1.18% CLSK +1.83% COIN +1.27% CORZ HIVE -0.32% HOOD +3.36% HUT -0.25% IREN MARA -2.06% MSTR +10.82% RIOT +2.77% SMLR -0.64% WULF
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