Nick Timiraos: Forecast shows US December PCE inflation rose 0.37% month-on-month

Rising oil prices suppress expectations of Federal Reserve rate cuts, strengthening the dollar

ChainCatcher reports that, according to Gate market data, the dollar has strengthened against all major currencies due to rising oil prices prompting swap traders to reduce their bets on the Fed cutting interest rates this year. The market currently expects about 59 basis points of rate cuts from the Federal Reserve, down from 61 basis points last Friday. Gareth Berry, a strategist at Sydney's Macquarie Group, said this could be an early signal that the market believes sustained oil price increases will lead to higher inflation pressures in the US, thereby reducing the Fed's willingness to cut rates. Deteriorating risk sentiment has also contributed to the dollar's rise, with S&P 500 futures down 1.5%.

Hamaney's assassination attempt shocks global markets, Bitcoin drops below $67,000, oil prices and gold surge simultaneously

Following the escalation of the Middle East situation, global financial markets experienced turbulence. News of the assassination of Iran's Supreme Leader triggered a surge in oil prices and gold, with safe-haven assets performing well. Bitcoin briefly rebounded to $68,000 before retreating; the tense situation continues to cause volatility in cryptocurrencies as investors shift toward traditional safe-haven assets. The market is focused on the ongoing impact of the Middle East situation and energy prices.

U.S. economic data releases are coming thick and fast, and this Friday's reports will determine Bitcoin's direction.

Bitcoin has recently been fluctuating around $66,000. The United States will release five important economic reports this week, including manufacturing and services PMI, ADP private sector employment data, unemployment claims, and non-farm payrolls (NFP). These data could reshape market expectations for Federal Reserve interest rates and consequently influence Bitcoin's price movement. Strong data may suppress Bitcoin prices, while weak data could drive it higher.

NYDIG: If AI leads to "loose monetary policy," Bitcoin could benefit

NYDIG Research Director Greg Cipolaro stated that artificial intelligence could impact the labor market and prompt central banks to ease monetary policy, thereby benefiting Bitcoin. He believes that AI's economic impact will transmit to Bitcoin, with liquidity expansion supporting its performance, even though the transformation presents challenges. He expects AI will still follow a pattern of integrated development.

NYDIG: AI is regarded as a general-purpose technology, benefiting Bitcoin in a loose monetary environment

NYDIG Research Director Greg Cipolaro believes that artificial intelligence (AI) can be regarded as a general-purpose technology, and its impact on Bitcoin depends on its effects on the labor market and monetary policy. If AI triggers turbulence in the labor market, it could prompt central banks to adopt easing policies, which would be positive for Bitcoin; conversely, if AI drives growth and pushes up real interest rates, it could exert pressure on Bitcoin. The widespread application of AI may also change employment markets and investment patterns, challenging traditional economic structures.

NYDIG Warning: AI May Trigger Monetary Easing Cycle, Potential Macro Bullish Signal for Bitcoin

NYDIG Research Director Greg Cipolaro of a crypto financial institution pointed out that artificial intelligence could drive economic growth and liquidity expansion, thereby benefiting Bitcoin. The impact of AI may lead to changes in employment structures, prompting governments worldwide to adopt loose policies and enhance the attractiveness of risk assets like Bitcoin. Historical experience shows that although technological innovation presents short-term challenges, society ultimately integrates the technology, and businesses and workers who adapt to AI are expected to achieve higher returns.