Tag: year-to-date

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Bitcoin price to hit record high, expert expects ‘healthy reset’

The post Bitcoin price to hit record high, expert expects ‘healthy reset’ appeared com. Bitcoin’s price remains under intense pressure this month, having plunged 31% from its all-time high, as exchange-traded fund outflows jumped. Summary Anthony Pompliano believes that the Bitcoin price will rebound to a record high. He noted that the recent Bitcoin crash was a healthy reset. Potential catalysts are the Fear and Greed Index, healthy open interest, and Federal Reserve cuts. Bitcoin (BTC) traded at around $87,000 on Nov. 24, up by 6. 5% from its lowest level this month. While this rebound could be a bull trap or a dead-cat bounce, Anthony Pompliano and other crypto experts believe that the coin is about to bottom. In a CNBC interview, Pomp noted that the Bitcoin price had crashed by 30% from its peak over 30 times in the last decade. It has also dropped by over 50% more than five times. Fears of an eventual Bitcoin collapse always accompany these dips. Pomp also pointed to the Crypto Fear and Greed Index, which dropped to the extreme fear zone of 8 last week. In most cases, crypto bull runs begin when there is extreme fear in the market. He said: “We are somewhere around the bottoming, and the market may grind sideways for a while and then start grinding upwards in the next couple of weeks.” Meanwhile, Pomp believes that the ongoing Bitcoin price retreat is a healthy reset, especially on leverage. He pointed out that leverage has plunged since the October 10 liquidation event, when traders lost over $20 billion in a single day. In the last decade, Bitcoin has fallen 30%+ more than 20 times. Bitcoin has dropped 50% or more on 7 different occasions. Basically a Global Financial Crisis every year and a half for a decade. Wall Street is not used to that. I explained on @SquawkCNBC this morning.

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RBI likely to favor stability – Commerzbank

The post RBI likely to favor stability Commerzbank appeared com. India’s macro backdrop remains resilient, with growth projected at 6. 8% and inflation at the lower end of the RBI’s 2-6% target range. While trade tensions with the US have eased and tariff reductions are possible, the RBI is expected to maintain rates at 5. 50% near term, supported by stable inflation and policy flexibility. The rupee has weakened modestly this year but is expected to remain broadly stable, with USD/INR seen around 89 by end-2026, Commerzbank’s FX analysts Charlie Lay and Moses Lim report. RBI seen on hold after front-loaded rate cuts “The macro environment remains stable despite the US tariff uncertainties. Growth is expected to be around 6. 8% for the current fiscal year and inflation to be the lower end of RBI’s 2-6% target range. RBI has front-loaded rate cuts to support growth and the weaker INR should also help to absorb some of the tariff shock.” “Trade tensions with the US have subsided and there are suggestions US tariffs could be lowered to 15-16% in exchange for increased purchases of US imports and halting Russian oil imports. The GST2. 0 reform provided a positive boost to consumer and investor confidence. It simplifies the tax structure and will lower prices in general.” “RBI is expected to leave rates unchanged at 5. 50% near term, but the benign inflation backdrop gives it room to cut if required. INR has been on the backfoot this year and is down over 3% vs USD year-to-date. We expect RBI to favor a relatively stable USD/INR and we project around 89. 00 by end-2026.” Source:.

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