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USA Inflation: Today’s CPI Data

April and May 2024 FED meeting: forecasts, news and decisions

The Consumer Price Index (CPI), the key metric used to estimate inflation in the United States, has just been released. The fate of the markets hinges on US inflation and today’s Consumer Price Index (CPI) data. In this article, we will explore what CPI is and why it matters, as well as analyse the latest figures.

What is the CPI?

Technically, the Consumer Price Index (CPI) is a fundamental economic indicator that measures changes in the prices of goods and services we buy daily. In other words, the CPI tells us how much the cost of living has changed over time.

The CPI is calculated by gathering price data for a representative “basket” of goods and services typically purchased by consumers. This basket includes a variety of products, such as food, clothing, housing, transportation, education, healthcare, and other common expenditures. The US Bureau of Labor Statistics (BLS) collects this data monthly across 75 urban areas and compares it with previous periods.

Why is the CPI important?

The CPI is used to measure inflation, or how much the cost of living is increasing. If the CPI rises, it indicates that prices are increasing, meaning we need to spend more to maintain the same standard of living.

Bitcoin and the CPI: what’s the link?

Recently, the correlation between Bitcoin’s price and the inflation rate has been declining, largely because inflation has approached the 2% target and the Federal Reserve (FED) began cutting interest rates in September. Despite this, Bitcoin continues to demonstrate its value as a safe-haven asset and a hedge against inflation.

This connection became particularly evident after the approval of spot Bitcoin ETFs, as their recent performance highlights. These financial instruments have increasingly attracted attention to Bitcoin.

The last time this happened

When Bitcoin’s price plummeted due to turmoil in traditional financial markets, many investors sought refuge in more stable assets, leading to heightened BTC volatility. In such contexts, the Consumer Price Index becomes essential for understanding inflation trends and making informed decisions. A stable or declining CPI could foster a less uncertain economic climate, helping to reduce Bitcoin and cryptocurrency volatility.

Analysis of December 2024 CPI data

On 11 December 2024, the BLS released November 2024 CPI data. According to the report, the CPI rose by 2.7% year-on-year, aligning with expectations.

What do these numbers mean?

The 2.7% increase in the CPI indicates that inflation has slightly risen compared to the previous month. However, as this aligns with BLS forecasts, the rise is not currently a cause for concern. It remains to be seen whether the FED will pause its interest rate cuts during next week’s FOMC meeting (18 December) or proceed as planned.

Historical CPI data in 2024

Here’s a summary of CPI figures for recent months in 2024:

  • November 2024: 2.7% (expected: 2.7%)
  • October 2024: 2.6% (expected: 2.6%)
  • September 2024: 2.4% (expected: 2.3%)
  • August 2024: 2.5% (expected: 2.5%)
  • July 2024: 2.9% (expected: 3.0%)
  • June 2024: 3.0% (expected: 3.1%)
  • May 2024: 3.3% (expected: 3.4%)
  • April 2024: 3.4% (expected: 3.4%)
  • March 2024: 3.5% (expected: 3.4%)

The data shows that inflation consistently declined throughout 2024, only to rise slightly in the last month. Could Donald Trump’s upcoming inauguration as President in January 2025 shake things up further?

Stay tuned for updates and market insights!

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Gold Price Forecast: heading towards new records in 2025

Gold price forecast 2025: what will happen to the price?

As of recent months, gold has touched remarkable highs, hovering around $2,800 per ounce and boasting annual growth of approximately 30%. Key factors driving this surge include inflation pressures, a weakening US dollar, and heightened geopolitical tensions. With gold now in “price discovery” mode, 2025 predictions are under intense scrutiny.

Can gold sustain its rise after Trump’s 2024 election victory?

The upcoming year holds further potential for gold, particularly in light of the complex geopolitical landscape and Trump’s recent election victory. Will this political shift push gold prices to new peaks, or might the market face unexpected downturns? Here’s an expert-backed look into 2025’s gold price forecast, including the potential factors influencing this precious metal.

Expert predictions for Gold price in 2025

Analysts from top financial institutions remain optimistic about gold’s trajectory for 2025. Here are some key predictions:

  • JP Morgan has noted that a Trump administration could benefit gold prices due to heightened market volatility and the potential for currency weakness. This “debasement trade,” where investors seek safe-haven assets, supports the idea that gold could thrive as fiat currencies face mounting challenges.
  • Goldman Sachs forecasts a possible price high of $3,000 per ounce if current geopolitical and economic trends persist. According to their analysis, Trump’s election and potential shifts in monetary policy could further favour the precious metal.
  • Wisdomtree, a prominent investment fund, expects gold prices to reach around $2,750 by Q1 2025. This is supported by ongoing global conflicts and uncertain economic conditions that continue to fuel demand for safe-haven assets like gold.
  • Citi Group has similarly set a $2,900 target for early 2025, citing similar factors such as inflation concerns, monetary policy, and geopolitical tensions.
  • Bank of America (BoA) also offers a robust forecast, suggesting prices may surpass the $3,000 mark in 2025, mainly if the dollar shows signs of weakening amid heightened global risks.

Key Drivers for Gold’s Potential Surge

As experts analyse 2025’s outlook for gold, a few primary drivers emerge:

  1. Dovish Federal Reserve policy
    The US Federal Reserve’s recent interest rate cuts have made government bonds less attractive, drawing investors toward gold as a secure alternative. If this dovish stance continues, it could bolster the gold market.
  2. Potential US dollar crisis
    Historically, a weaker dollar supports higher gold prices. Many experts anticipate that the dollar’s recent volatility may persist, further benefitting gold as a stable store of value. However, gold could see some downward pressure if Trump’s policies strengthen the dollar.
  3. Geopolitical uncertainty
    The ongoing Russia-Ukraine conflict and instability in the Middle East show few signs of resolution. Trump’s upcoming administration may impact these conflicts, making gold a risk-averse investment.
  4. Inflation and global economic health
    Rising inflation rates remain a pressing concern, with gold serving as a traditional hedge against inflation. As central banks grapple with inflationary pressures, gold may continue to attract investors seeking stability amid economic volatility.

Gold Investment Options for 2025

For investors looking to capitalise on gold’s projected growth in 2025, there are multiple accessible avenues:

  • Physical Gold
    Investing in physical gold, such as coins or bullion, remains a popular choice for traditionalists seeking tangible assets.
  • Gold ETFs and Funds
    Exchange-traded funds (ETFs) offer a convenient way to gain exposure to gold without storing physical assets.
  • Gold-Backed cryptocurrencies (Pax Gold)
    For those looking for a modern twist, Pax Gold (PAXG) is a digital asset backed by physical gold. This stablecoin allows investors to hold gold in a more liquid and divisible form, reflecting the current value of gold and making it an accessible option for both large and small investors.

Conclusion: what lies ahead for Gold prices in 2025?

Overall, 2025 is anticipated to be a pivotal year for gold, driven by economic, political, and financial factors that could propel it to record highs. With forecasts suggesting gold prices may break the $3,000 threshold, this precious metal remains an attractive option for investors seeking a safe-haven asset amidst an unpredictable global landscape.

Whether you’re looking to invest directly in physical gold, explore gold-backed digital assets, or follow gold market trends, staying informed about expert forecasts can guide your investment choices.

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What is de-dollarisation? Are the BRICS challenging the dollar’s supremacy?

What is de-dollarisation? Is it coming?

De-dollarisation refers to the gradual reduction in using the United States dollar as the primary currency in global trade and financial transactions. Since World War I, the dollar has reigned supreme, acting as the cornerstone of the global financial system.

However, the situation may be shifting with increasing globalisation and the rise of economies once deemed emerging but now crucial to global GDP. What does de-dollarisation truly mean, and how could it reshape the global economic landscape?

What is de-dollarisation?

Joyce Chang, chair of Global Research at J.P. Morgan, explains:

“The notion that the dollar is losing its status as a reserve currency has gained traction, particularly as the world has divided into trading blocs following Russia’s invasion of Ukraine and the growing strategic competition between the United States and China.”

In the US, the idea of devaluing the dollar to maintain economic competitiveness has even surfaced during electoral debates. But is the dollar truly losing its grip?

De-dollarisation describes the decreasing reliance on the US dollar in international transactions and reserves, a trend that could undermine its dominance over global financial markets. Currently, most international loans and investments are dollar-denominated, but this status is only guaranteed to last for a while.

The forces driving de-dollarisation

Two main factors threaten the dollar’s dominance: internal and external pressures.

  1. Internal stability and US leadership
    The dollar’s status is closely tied to the United States’ economic, political, and military strength. Will the US maintain its position as the world’s leading superpower in the coming years? This is a question facing policymakers and the new US administration led by Donald Trump. Achieving this is far from certain, and any decline in US influence could erode confidence in the dollar.
  2. The rise of the BRICS nations
    Externally, countries within the BRICS group—especially China, India, and Russia—actively seek alternatives to dollar reliance. For instance, China’s push to stabilise and internationalise the yuan could make it a viable competitor. Similarly, Russia has already shifted to using roubles, yuan, dirhams, and rupees for oil trade, reducing its dependency on the dollar.

The impact of de-dollarisation

Understanding de-dollarisation also involves assessing its potential consequences for the global economy, particularly for the United States.

  • The shift in global power dynamics
    A diminished role for the dollar would irrevocably alter the balance of power among the world’s most influential nations. US financial assets, such as stocks and bonds, could experience slower growth, while yields on fixed-income assets like government bonds may rise due to declining demand.
  • US exports and inflation
    A weaker dollar could make US exports more competitive globally, potentially boosting manufacturing. However, it may also discourage foreign investment in the US and contribute to higher inflation as import costs rise.
  • Commodity markets
    This shift is already evident in the commodities market, where some nations are bypassing the dollar in favour of local currencies. Russia, for example, conducts oil trades in currencies such as the Chinese yuan, Emirati dirham, and Indian rupee.
  • Increased demand for gold and scarce assets
    A move away from the dollar could drive up gold prices, as central banks may prefer gold as a reserve asset. Similarly, other scarce assets like Bitcoin could become increasingly attractive for preserving value.

Is de-dollarisation imminent?

While the United States has seen its share of global trade diminish, this does not necessarily mean de-dollarisation is inevitable.

The decline in the dollar’s share among central bank reserves, especially in emerging markets, is not yet significant enough to justify major concerns. Key factors such as bank deposits, sovereign wealth funds, and foreign investments continue to support the dollar’s dominance. Moreover, the dollar remains central to global finance due to its deep capital markets and robust financial transparency.


Stay informed on the shifting tides of global finance with Young Platform.

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MicroStrategy Bitcoin Holdings: risks and opportunities

MicroStrategy stocks (MSTR) have become a unique market case closely linked to Bitcoin’s performance. But how sustainable is this strategy?

Under Michael Saylor’s leadership, MicroStrategy has transformed its business model to integrate Bitcoin deeply. As the largest corporate holder of Bitcoin, MicroStrategy has created a unique connection between its stock price (MSTR) and the cryptocurrency’s value. This article examines the risks and opportunities of this strategy and evaluates whether the approach can be sustained in volatile markets.

MicroStrategy’s Bitcoin holdings: a bold business model

MicroStrategy holds over 402,000 bitcoins, valued at approximately $38.3 billion. The company finances these purchases through innovative convertible bonds, allowing investors to convert bonds into shares or claim repayment at maturity. This model effectively positions MicroStrategy as a proxy for Bitcoin investments.

Key Highlights:

  • Convertible Bonds: These bonds help MicroStrategy raise capital for Bitcoin purchases without direct risk to investors.
  • Stock Price Multiplier Effect: Historically, MicroStrategy’s stock price has risen 3–5x relative to Bitcoin’s growth. For example, a 10% BTC increase could lead to a 30%-50% rise in $MSTR.

The link between MicroStrategy Bitcoin holdings and stock value

MicroStrategy’s stock performance reflects Bitcoin’s market trends. As of today, the company holds Bitcoin worth $36 billion, yet its market cap exceeds $83 billion. This multiplier effect makes $MSTR an attractive investment for those seeking leveraged exposure to Bitcoin.

Additionally, MicroStrategy recently announced a $42 billion Bitcoin purchase plan over the next three years, reinforcing its commitment to this strategy.

Risks of MicroStrategy’s Bitcoin strategy

Despite the impressive returns, this model is not without vulnerabilities. Below are the primary risks:

  1. Interest Rate Sensitivity: Rising inflation and interest rates could make financing through bonds more expensive.
  2. Bitcoin Price Drops: A significant BTC downturn could rapidly devalue $MSTR shares. For instance, a 10% BTC decline might trigger a 30%- 50% drop in MicroStrategy’s stock price.
  3. Unsustainable Debt: Failure to meet stock price targets could compel MicroStrategy to repay bondholders in cash, requiring it to liquidate Bitcoin holdings.
  4. Market Impact: Forced sales of Bitcoin could further depress BTC prices, creating a negative feedback loop that affects MicroStrategy and the broader crypto market.
  5. Systemic Risk: MicroStrategy holds 1.84% of all Bitcoins, and its collapse could destabilise the cryptocurrency ecosystem.

Can MicroStrategy trigger a crypto market collapse?

While an extreme scenario where MicroStrategy triggers a crypto market crash is conceivable, it remains unlikely. Bitcoin has become a resilient asset, and even if MicroStrategy faced significant challenges, the cryptocurrency market is robust enough to weather the storm.

In a more plausible scenario, MicroStrategy might experience a steep stock price decline without needing to liquidate its Bitcoin reserves. However, this would still serve as a cautionary tale for heavily leveraged strategies tied to volatile assets like Bitcoin.

Conclusion

MicroStrategy’s Bitcoin holdings strategy offers a high-risk, high-reward opportunity. For investors, $MSTR provides leveraged exposure to Bitcoin’s performance, but it also carries risks tied to market volatility and financial obligations. While the company’s bold approach has yielded impressive returns, potential vulnerabilities warrant careful consideration.

Bitcoin’s value might not hinge on MicroStrategy, but the inverse could hold true: MicroStrategy’s fate is deeply tied to Bitcoin.

Stay informed about cryptocurrency and stock market trends. Download Young Platform for free.

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Bitcoin 2050 forecasts: VanEck’s analysis

Bitcoin forecast 2050: what value will it reach?

VanEck’s forecast of Bitcoin’s value in 2050 offers an in-depth look at the cryptocurrency’s potential to become a central element in the international monetary system.

What does the future hold for us? What do VanEck’s predictions for 2050 contained in a recently published analysis say? According to the investment fund, Bitcoin could establish itself as a key component of the global monetary system, ‘stealing market share’ from major fiat currencies globally. 

Specifically, Van Eck predicts that Bitcoin will be widely used in international trade, become one of the most commonly used means of exchange and an even more valuable store of value.  Here are VanEck’s Bitcoin predictions for 2050.

Bitcoin: the future of the international monetary system

To produce his predictions on the price of Bitcoin by 2050, Van Eck started with some estimates on global Gross Domestic Product (GDP) and growth. The scenario drawn by the hedge fund predicts that populist movements and the desire for re-shorting will cause global GDP growth to slow from 3 to -2%. 

He then analysed the international monetary system (IMS) in a broader sense, predicting a shift of world economies away from traditional reserve currencies. 

The US, EU, UK and Japan are gradually losing share in this respect. In addition, the decline of confidence in fiat currencies as long-term stores of value due to continuous and excessive deficit spending – when a government (and thus a central bank) or a company spends more than it collects by financing itself through the issuance of debt, be it public or private – is increasingly evident.

In short, VanEck argues that the gradual erosion of trust in traditional fiat currencies and the emergence of Bitcoin as a store of value are the main catalysts for a radical change in the global monetary system. BTC is set to carve out a prominent role in international transactions and within state reserves.

Why will Bitcoin emerge?

VanEck predicts that Bitcoin could establish itself as one of the main instruments for exchanging value globally while at the same time attaining the status of a universally recognised store of value, a role historically held by gold. This is mainly because of the growing erosion of confidence in fiat currencies that we analysed in the previous section, but also due to a substantial change in the global monetary balance of power.

The foundation of Bitcoin’s success lies in some unique characteristics that make it particularly relevant, especially in developing countries:

  • Immutable property rights: Thanks to its decentralised blockchain, Bitcoin cannot be censored, confiscated, or stolen. This feature is particularly relevant in contexts where traditional systems are vulnerable to manipulation, corruption, or political instability.
  • Sound money principles: This concept describes a currency that retains its value over time and is not subject to uncontrolled inflation or manipulation by governments and central banks. With a supply limited to 21 million units, Bitcoin represents an ideal model of sound money.

One of the main obstacles to the adoption of Bitcoin is the limited scalability of its network, a critical issue that is finding solutions through the implementation of Layer-2 blockchain. 

These networks improve Bitcoin’s scalability, allowing more transactions to be finalised without compromising its fundamental characteristics. The combination of immutable property rights, sound money principles, and technological innovation provided by Layer-2s paves the way for the creation of a global financial system capable of effectively responding to the needs of emerging countries.

Bitcoin 2050 predictions: what does VanEck tell us?

After analysing where BTC might be during the next chapter of its evolutionary history, let’s see what VanEck’s predictions say about Bitcoin’s price. According to VanEck’s estimates, by 2050, Bitcoin could be used to settle 10% of international trade. Furthermore, the investment fund predicts that many central banks will hold at least 2.5% of their assets in BTC. 

This scenario, at least as far as the US is concerned, is on its way to becoming reality. A proposal under discussion in the US Congress, known as the Bitcoin ACT, aims to convert part of the US’s gold reserves into Bitcoin.

In any case, VanEck’s forecast takes three main factors into account: first, the GDP of local and international trade regulated on Bitcoin; then, the circulating supply and velocity of the asset. The latter represents the frequency with which a monetary unit, in this case BTC, is used to conduct transactions within an economic system in a given period. It measures how quickly money or its equivalents ‘circulate’.

Bearing in mind Bitcoin’s possible role as one of the cornerstones of international trade and an asset in most of the world’s central bank coffers, and applying a given velocity coefficient to this scenario, VanEck stated that Bitcoin’s value could reach $2.9 million per unit, with a total market capitalisation of $61 trillion.

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Bitcoin price surpassed $100,000

Bitcoin price surpasses $100,000, where can it go?

The price of Bitcoin has surpassed $100,000, a historic milestone that was unreachable for many until a few years ago. How far can it go?

It happened! This morning, the price of Bitcoin surpassed $100,000. BTC managed to break the resistance most coveted by crypto investors in only two attempts. The first, which was unsuccessful, was made on 22 November.

Of course, the achievement of this very important milestone has sparked euphoria among enthusiasts who have been and are still celebrating the event. Find out how Bitcoin reached $100,000 and the cryptocurrency’s next price target.

Bitcoin price at $100,000: how did it get there?

Bitcoin’s price reached and surpassed $100,000 in a sprint. Until Monday, its price was orbiting the $96,000 zone, and after the first attempt to break through, the only resistance on its chart had failed. Then yesterday, after an unexciting first part of the day, BTC suddenly woke up, recording two consecutive +3% movements, the first from 17:00 to 21:00 and the second from 21:00 to 24:00. (Italian time). But it was from 1:00 a.m. onwards that Bitcoin exploded to the upside. It scored a massive +5% in about four hours, touching the $104,000 level.

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We take the opportunity to sum up this incredible milestone in the last 30 days, as Bitcoin’s explosive price movement started precisely one month ago, after Donald Trump’s victory in the US presidential election. In this period, the price of Bitcoin has risen by $35,000. Never before had Bitcoin seen such a significant increase in monetary terms in a single month.

After its price surpassed $100,000, Bitcoin entered another order of magnitude, which, as those familiar with mathematics will know, is measured in powers of ten. It has been exactly seven years since this last happened, as BTC surpassed $10,000 on 29 November 2017.

What caused the latest Bitcoin price movement?

It is difficult to answer this question in the very short term, i.e. tonight’s price increase. At the same time, it is much easier to understand the logic that has made Bitcoin shine since January 2024. The approval of spot ETFs, which recorded $556 million in inflow yesterday, was the first spark that started this bull market cycle. Today, financial instruments issued by US investment funds hold about 1.1 million BTC or 5.5 per cent of its circulating supply.

Then, after several months of laterality, came the second major catalyst: the election of Donald Trump. If we stopped here, it would seem, especially if we focus only on the second event mentioned, that political events manipulated the price of Bitcoin. In reality, BTC has risen thanks to the endorsement of the future president and, above all, to the change in global attitudes towards him. Certainly, however, the election of a pro-crypto US president helped crypto supporters within institutions and governments to emerge.

In a few weeks, many countries other than the United States have declared that they want to integrate Bitcoin into their central banks as a reserve asset. The same can be said of some states or regions that want to use it as an inflation hedge within pension funds or investment funds.

In short, the future looks brighter than ever for Bitcoin and the cryptocurrency world. Although, after tonight, crypto enthusiasts need to find another shared goal. Since we’ve been talking orders of magnitude, why not take the million-dollar threshold as a reference? Surely, it will take time, but if there is one thing Bitcoin has proved, nothing is impossible. On the other hand, VanEck, one of the world’s leading crypto investment funds, expects the price of Bitcoin to exceed $2 million by 2050.

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Will the United States’ gold reserves be converted to Bitcoin?

Bitcoin News: Will the USA sell gold to buy BTC?

The latest Bitcoin news reveals that Senator Cynthia Lummis has proposed converting part of the USA’s gold reserves into BTC.

In recent days, the cryptocurrency landscape has been shaken by not only a dramatic price surge but also by significant news concerning Bitcoin, primarily from the United States. Wyoming Senator Cynthia Lummis has introduced a bill proposing the conversion of a portion of the U.S. gold reserves into Bitcoin.

If approved, this initiative could mark a historic shift in the economic and financial trajectory of the United States and the world.

A New Era for State Reserves

Senator Lummis’ proposal aims to create a “Strategic Bitcoin Reserve” for the United States by converting a fraction of the country’s vast gold reserves into BTC. Currently, the United States holds the largest gold reserves in the world, totaling over 8,000 metric tons. Germany ranks second with 3,352 tons, followed by Italy with 2,452 tons.

According to the latest financial report by the Bureau of the Fiscal Service, the U.S. holds approximately $5.4 trillion in assets, while liabilities amount to $42 trillion. Of this, $26.5 trillion represents public debt and its associated interest. Lummis’ proposal includes the accumulation of 1 million BTC for 20 years, aiming to support the dollar against its gradual and inevitable devaluation.

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A strategic Bitcoin reserve: Trump’s vision

The bill, widely discussed in Bitcoin news outlets, comes months after former U.S. President Donald Trump announced his intention to establish a “Strategic Bitcoin Reserve” to strengthen the country’s financial position. During his campaign, Trump accepted cryptocurrency donations, participated in Bitcoin 2024—the world’s premier cryptocurrency conference—and pledged to make the United States a global leader in blockchain technology.

Additionally, Trump has stated plans to dismiss Gary Gensler, the current chairman of the Securities and Exchange Commission (SEC), known for his regulatory stance against cryptocurrencies.

A historical parallel: Bretton Woods

This proposal recalls 1971, when the United States abandoned the Bretton Woods Agreement, effectively ending the gold standard. The introduction of a Strategic Bitcoin Reserve could serve as a “third chapter” in the Bretton Woods saga, established in 1944, heralding a new era in global monetary history.

It’s worth noting that since the abandonment of Bretton Woods in 1971, the U.S. dollar has lost approximately 98% of its value. Establishing an alternative asset or store of value to support the dollar might be necessary.

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A global influence

The U.S. proposals are already impacting other nations. In Poland, Sławomir Mentzen, a candidate in the 2025 presidential elections, has pledged to create a Strategic Bitcoin Reserve if elected. A long-time cryptocurrency advocate, Mentzen revealed that he invested all his savings in Bitcoin in 2013, showcasing his confidence in its potential.

These recent political initiatives in the United States and Poland indicate the growing acceptance of Bitcoin as a state-level store of value. If implemented, these proposals could mark a turning point in global economic history, redefining the role of cryptocurrencies in the international financial system.

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L’altseason arrive-t-elle ? Préparez-vous avec l’Altcoin Friday de Young Platform

Le marché haussier est là ! Le moment est peut-être venu de se préparer à la tant attendue altseason. Et comment ? Avec une réduction de 50 % sur les frais de trading d’altcoins.

Ce mois de novembre, le marché crypto a connu une explosion de dynamisme, suscitant l’euphorie des traders et investisseurs. Toutefois, cette croissance a surtout profité au Bitcoin, à quelques exceptions près, comme Ripple (XRP) et Stellar (XLM). Parmi les crypto-enthousiastes, captivés par la récente montée en puissance du Bitcoin, une question revient sans cesse : « Quand débutera l’altseason ? »

Même si nous n’avons pas de boule de cristal pour y répondre avec certitude, nous pouvons vous donner quelques conseils sur les indicateurs à surveiller pour détecter le début de cette période tant espérée. Et, pour vous y préparer, nous offrons une réduction de 50 % sur les frais de trading d’altcoins. Lisez la suite pour en savoir plus !

L’altseason est-elle imminente ?

Pour anticiper l’arrivée de l’altseason, il est crucial de suivre deux indicateurs clés : la dominance du Bitcoin et le ratio ETH/BTC.

  • La dominance du Bitcoin
    Cet indicateur compare la capitalisation boursière du Bitcoin à celle du marché total des cryptomonnaies, exprimée en pourcentage. En hausse depuis le début de 2023, la dominance du Bitcoin s’est stabilisée ces dernières semaines avant de commencer à baisser. Depuis le 22 novembre, elle est passée de 61,3 % à 58 %, ce qui indique que le « poids » du BTC sur le marché crypto diminue.
  • Le ratio ETH/BTC
    Ce graphique montre la force relative d’Ethereum par rapport au Bitcoin. En chute libre depuis 2021, il semble avoir trouvé un support capable d’arrêter cette tendance baissière autour de 0,031 BTC. Suivre la performance relative d’Ethereum est essentiel, car il s’agit de la principale altcoin et, historiquement, elle a toujours été la première à réaliser de belles performances lors de l’altseason, suivie par des cryptos à plus petite capitalisation. Actuellement, le ratio ETH/BTC se situe à 0,037 BTC, enregistrant une hausse de 15 % depuis le 22 novembre.

Altcoin Friday : 50 % de réduction sur les frais de trading d’altcoins

Maintenant que vous savez quels indicateurs surveiller pour repérer le début de l’altseason, parlons de l’Altcoin Friday. Pour célébrer le Black Friday et l’élan haussier du marché crypto, nous appliquons une réduction de 50 % sur tous les paires Altcoin-Euro !

Cette promotion est valable jusqu’au dimanche 1er décembre à 23h59 et s’applique aux ordres d’un montant minimum de 100 euros.

Profiter de réduction

Pour les membres des Clubs de Young Platform, cette réduction peut se cumuler avec celle dont vous bénéficiez déjà. Par exemple, si vous êtes membre du Club Bronze et avez droit à une réduction de 30 %, celle-ci sera d’abord appliquée, puis la réduction supplémentaire de 50 % sera calculée sur la commission restante.

Note : Cette réduction s’applique uniquement aux paires Altcoin-Euro sur l’application Young Platform (et non sur Young Platform Pro) et ne concerne pas les frais de trading pour les paires altcoin-stablecoin, comme ETH-USDT.

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Is the Altseason coming? Get ready with Young Platform’s Altcoin Friday

Altcoin Friday: 50% off on altcoin

The bull market is here, and it might be time to prepare for the much-anticipated altseason. How? With a 50% discount on altcoin trading fees!

This November, the crypto market has witnessed an explosion of bullish momentum, igniting euphoria among traders and investors. However, this growth has primarily benefited Bitcoin, with a few exceptions such as Ripple (XRP) and Stellar (XLM). Many crypto enthusiasts, captivated by Bitcoin’s recent rally, are asking one pressing question: “When will the altseason begin?”

While no one can predict the market with certainty, we can offer some guidance on key metrics to monitor and detect the start of the altseason. We’re offering a 50% discount on altcoin trading fees to help you get ahead. Read on for details!

Could Altseason be just around the corner?

To predict the altseason, it’s essential to monitor two key indicators: Bitcoin Dominance and the ETH/BTC ratio.

  • Bitcoin Dominance
    This metric compares Bitcoin’s market capitalisation to the entire cryptocurrency market, expressed as a percentage. After climbing steadily throughout 2023, Bitcoin Dominance has plateaued in recent weeks and is now beginning to decline. Since 22 November, Bitcoin Dominance has dropped from 61.3% to 58%, suggesting that Bitcoin’s influence in the crypto market is diminishing.
  • ETH/BTC Ratio
    The ETH/BTC chart shows Ethereum’s relative strength to Bitcoin. This ratio has been in a downtrend since 2021 but recently found support around 0.031 BTC, halting its decline. Monitoring Ethereum’s relative strength is crucial, as ETH has historically led the alt season, often achieving strong performance before smaller-cap altcoins follow suit. Currently, the ETH/BTC ratio is at 0.037 BTC, marking a 15% increase since 22 November.

Altcoin Friday: 50% off altcoin trading fees

Now that you know what to watch to spot the start of the altseason, it’s time to talk about Altcoin Friday. To celebrate the crypto market’s bullish momentum and Black Friday, we’re offering a 50% discount on all altcoin-Euro trading pairs.

This promotion runs until Sunday, 1 December, at 11:59 PM, and applies to orders with a minimum value of €100.

Take advantage of the Discount!

For members of the Young Platform Clubs, this discount is stackable with your existing Club discount. For example, if you’re part of the Bronze Club with a 30% discount, it will be applied first, followed by the additional 50% from the Altcoin Friday promotion.

Note: This offer applies exclusively to Altcoin-Euro trading pairs on the Young Platform app (not Young Platform Pro) and does not include trading fees for altcoin-stablecoin pairs, such as ETH-USDT.

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The Department of Government Efficiency (DOGE) boosts Dogecoin’s popularity

department-government-efficiency-boosts-dogecoin-doge

Discover how Donald Trump’s new Department of Government Efficiency (DOGE) impacts the meme coin Dogecoin.

Donald Trump has officially announced a new governmental body named the Department of Government Efficiency (DOGE). The acronym, bearing a striking resemblance to the popular cryptocurrency Dogecoin, is no coincidence. This unexpected move highlights a growing trend where politics and meme culture intertwine, and the implications are worth exploring. Let’s dive into the political strategy behind this, its cultural significance, and its impact on the crypto market.

Meme politics meets cryptocurrency

Donald Trump and Elon Musk are no strangers to leveraging meme culture for attention and engagement. The creation of DOGE underscores how political leaders increasingly adopt internet-savvy strategies to resonate with younger, tech-savvy audiences.

Publications like the Harvard Business Review and Politico have examined this phenomenon, often called “meme politics.” By incorporating humour and recognisable symbols, leaders like Trump and Musk create a sense of belonging, particularly among non-conformist communities. The naming of DOGE—deliberately referencing the crypto world’s most iconic meme coin—perfectly aligns with this approach.

Why Dogecoin?

Dogecoin (DOGE), originally created as a joke, has evolved into a symbol of decentralisation and rebellion against traditional financial systems. With a market capitalisation exceeding $50 billion, Dogecoin recently outpaced legacy corporations like Ford in market value.

Trump and Musk’s decision to link their initiative to Dogecoin is not merely symbolic but strategic. The meme coin represents an opportunity to connect with a decentralised, grassroots movement that aligns with their political narratives’ ethos.

The Department of Government Efficiency: a radical vision

The Department of Government Efficiency, affectionately nicknamed DOGE, is more than a playful acronym. According to sources like The Washington Post, the department aims to reduce bureaucracy, slash public sector inefficiencies, and optimise government spending.

This initiative was spearheaded by Trump and Elon Musk, who had long advocated for “lean governance,” as reported by Bloomberg. Joining them is Vivek Ramaswamy, known for his success with Roivant Sciences, a biotech company celebrated for its resource-efficient strategies. Trump has likened this endeavour to a “Manhattan Project” for bureaucracy, underscoring the scale and urgency of the reform.

Dogecoin’s price surge: a familiar pattern

The announcement of DOGE has already significantly impacted Dogecoin’s value. Within days, its price doubled, climbing from $0.20 to over $0.40. This isn’t the first time Dogecoin has reacted to Musk’s or Trump’s activities. Previous instances include Musk’s tweets or the temporary rebranding of X (formerly Twitter) with Dogecoin’s logo.

Dogecoin, now ranked sixth by market capitalisation among cryptocurrencies, continues to gain momentum from this high-profile endorsement.

The future of DOGE and Dogecoin

Dogecoin’s rise reflects how politics and cryptocurrency are becoming increasingly interconnected. With Trump and Musk driving this narrative, it’s worth asking how far Dogecoin can go.

Stay tuned as DOGE, the department and the cryptocurrency, continues to make waves in politics and markets.