Crypto markets held on to gains made late last week over the weekend, and momentum could continue into the following days. There has been a small ‘Santa rally’ for stocks and crypto markets over the first few days of the year, with around $280 billion entering digital asset markets. This week will see the release of key employment figures along with consumer sentiment reports . “Labor market data is in the spotlight ahead of the January 29th Fed meeting,” commented the Kobeissi Letter. Economic Events Jan. 6 to 10 Monday will see the release of the S&P Global Services PMI (Purchasing Managers’ Index), while Tuesday has the ISM (Institute for Supply Management) Services PMI. These reports portray business conditions in the services sector and are leading economic indicators used by economists and analysts. The focus then switches to labor market data with the November JOLTS Job Openings report on Tuesday and December ADP Nonfarm Employment data on Wednesday. December’s Nonfarm Payrolls and Unemployment reports are due on Friday, and these present the number of new jobs created during the previous month, along with the percentage of people actively seeking employment. These two reports are important economic indicators as they track the shift in the number of positions that are strongly associated with the overall health of the economy. Key Events This Week: 1. S&P Global Services PMI data – Monday 2. November JOLTS Job Openings – Tuesday 3. December ADP Nonfarm Employment data – Wednesday 4. Fed Meeting Minutes – Wednesday 5. December Jobs Report – Friday 6. Total of 8 Fed Speaker Events Get ready for a… — The Kobeissi Letter (@KobeissiLetter) January 5, 2025 Friday also sees January’s Michigan Consumer Sentiment Index and Consumer Inflation Expectations preliminary readings. This data reveals the results of a monthly survey of consumer confidence levels and views of long-term inflation in the US. Additionally, the Q4 2024 earnings season will begin in earnest in mid-January. The Kobeissi Letter also cautioned that the “implications of China’s real estate collapse will spread well beyond real estate in China ” before adding, “As we head into 2025, we are positioning ourselves for more volatility in the market.” Crypto Market Outlook Crypto market capitalization has remained flat over the past 24 hours and was at $3.68 trillion at the time of writing. Bitcoin momentum was building steadily, with the asset hitting a ten-day high, topping $99,000 during early trading in Asia on Monday morning. The asset has now gained around 7.5% over the past seven days and it is on track to reclaim the psychological $100,000 level soon. #BTC Post-breakout Quarterly Retest and Trend Continuation confirmed $BTC #Crypto #Bitcoin https://t.co/T5fYyyybjH pic.twitter.com/geXSv4SYue — Rekt Capital (@rektcapital) January 5, 2025 Ethereum has mirrored the action with a similar weekly gain as it tapped $3,670 on Jan. 6, its highest price since Dec. 19. Most of the altcoins were flat on the day, having held on to weekend gains, and momentum appears set to continue this week. The post 3 Things That Could Impact Crypto Markets This Week appeared first on CryptoPotato .
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Travala’s New Bitcoin Incentives Aim To Boost Crypto Adoption and Real-World Utility
January 7, 2025 – Singapore, Singapore Travala , the leading crypto-native travel booking service, has launched limited-time Bitcoin incentives to grow the number of crypto travelers and increase real-world on-chain activity across their network of more than 100 supported tokens. Following last year’s addition of Bitcoin rewards to the AVA Smart Program – Travala’s travel loyalty initiative in collaboration with the AVA Foundation – the Web 3.0 travel company is further integrating Bitcoin into its platform as part of its ongoing efforts to support real-world crypto adoption. The campaign offers three incentives in the month of January – two main prizes totaling $20,000 in Bitcoin for booking travel and referring new users, as well as $50 in Bitcoin for new users who complete a booking. Juan Otero, CEO of Travala, said, “Travel is about exploration and embracing new horizons, just like Bitcoin is for finance. “By rewarding our customers with Bitcoin incentives and encouraging crypto transactions for real-world services, we’re empowering them to journey further while participating in the financial revolution of our time.” The Bitcoin incentive is offered on top of regular loyalty rewards members receive under the AVA Smart Program, which provides up to 13% savings in the form of Bitcoin or AVA booking rewards, product discounts and payment discounts with specific tokens. Last month, the company announced that it surpassed over $100 million in gross yearly revenue in 2024 and unveiled its Treasury Reserve Plan comprising both Bitcoin and AVA to “enhance potential liquidity, support future expansion and reaffirm its commitment to driving blockchain innovation and adoption within the travel industry.” Since the company’s inception in 2017, Travala has been working towards bridging the gap between blockchain and travel. Recent integrations with travel marketplace giants Skyscanner and KAYAK have presented another avenue for increasing awareness of crypto travel among mainstream travelers and bolstering crypto adoption, with over 100 billion daily searches conducted across these two marketplaces alone. For more information about the Bitcoin incentive campaign, users can visit Travala’s article . About Travala Founded in 2017, Travala is the leading crypto-native travel booking service with over 2,200,000 properties in 230 countries, over 400,000 activities, and more than 600 airlines globally. Travala is a champion of cryptocurrency adoption, accepting over 100 leading cryptocurrencies alongside traditional payment methods. In addition to unbeatable prices via its ‘best price guarantee,’ Smart members on Travala can also enjoy additional discounts and loyalty rewards for eligible bookings made on the platform. For more information about Travala, users can visit the website . Contact Sam Woollard , chief marketing officer at Travala This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility. Follow Us on Twitter Facebook Telegram Check out the Latest Industry Announcements The post Travala’s New Bitcoin Incentives Aim To Boost Crypto Adoption and Real-World Utility appeared first on The Daily Hodl . Crypto Potato
Bitcoin (BTC) Decoupling From Wall Street: A Signal for New Records in 2025?
2025 has kicked off on a positive note, with Bitcoin back to six figures, trading above $100,000. Despite climbing by almost 8% over the past week, BTC is yet to reclaim its recently established all-time high above $108,000. However, Bitcoin’s divergence from equities suggests a reduced correlation, raising hopes for a bullish 2025 and new all-time highs. Weakening Bitcoin-Equity Correlation There has been a notable shift in the correlation between cryptocurrency and equities, particularly Bitcoin and the S&P 500. Since Donald Trump was elected as the 47th US President in November 2024, the two markets have been closely tied. However, data from Santiment demonstrated Bitcoin gaining momentum, surging by over 3% in a single day compared to the S&P 500’s modest 0.4% rise. This divergence is significant, as it suggests Bitcoin might be decoupling from its perceived role as a “high-leveraged tech stock,” a reputation it has held for much of the past three years. Historically, Bitcoin and the broader crypto market have achieved their strongest bull runs during periods of low correlation with traditional equity markets. Experts also suggest that Bitcoin is ripe for the next leg up, with a crucial milestone being $140,000 in the coming months. Crypto Market in Later Stages of Bull Cycle? This decoupling coincides with broader market indicators suggesting that the cryptocurrency market has entered the later stages of its current bull cycle, which began in January 2023. As noted by CryptoQuant data , Bitcoin has seen significant growth in both price and duration, supported by a substantial influx of new and existing investments. The percentage of Bitcoin traded for less than a month, measured by realized market cap (UTXO), has reached 36%. While this is lower than past cycle peaks, the long-term trend remains downward, indicating the market may peak by the first or the second quarter of 2025. In fact, analysts predict a sharp rise in this ratio 2-4 times before the market overheats, likely triggering the next bear cycle. The post Bitcoin (BTC) Decoupling From Wall Street: A Signal for New Records in 2025? appeared first on CryptoPotato . Crypto Potato