LacolaCrypto

vip
Age 4.9 Year
Peak Tier 3
No content yet
Market Update for Wednesday, January 28
- Gold and silver are seeking new highs. Bitcoin has increased slightly from $87,000 to $89,000, and altcoins are showing some improvement.
- The US dollar index has dropped to its lowest level in nearly four years following a surprising announcement from former President Trump.
- The Federal Reserve will announce its January interest rate decision at 2:00 AM tomorrow, with a 97.2% expectation that rates will remain unchanged.
ETF Spot Update as of January 27
- Bitcoin is down $44.6 million, with no data from BlackRock.
- Ethereum is down $4.6 million, w
BTC1.14%
ETH2.94%
SOL2.56%
  • Reward
  • Comment
  • Repost
  • Share
Former President Trump made a surprising statement regarding the U.S. dollar, suggesting it may continue to lose value. When asked if he was concerned about the dollar's decline, Trump replied, "No, I think the dollar is doing very well."
This comment has intensified the dollar's recent downturn, which is experiencing its most significant sell-off since last weekend. The DXY index has fallen to its lowest level in nearly four years.
Reasons for the dollar's sharp decline include:
- Last week, the New York Fed unexpectedly conducted a currency swap operation involving the USD/JPY pair, fueling
post-image
  • Reward
  • Comment
  • Repost
  • Share
A historical analysis of gold's price growth reveals that it does not increase steadily but rather in bursts during periods of global financial instability.
Key periods include:
- 1970s: Oil shock and inflation led to a dramatic increase, with gold rising approximately 20 times.
- 1980: Peak inflation created a historic growth spike, followed by a prolonged correction.
- 2008-2011: The financial crisis and European debt issues pushed gold above $1,000 per ounce, reaching new highs.
- 2020: The COVID-19 pandemic saw gold prices approach $2,000 per once
- 2025-2026 (projected): A potential surge
post-image
  • Reward
  • Comment
  • Repost
  • Share
Market Update - January 26
- Gold surpasses $5,000, Bitcoin drops to $87,000, and altcoins face significant losses amid geopolitical instability.
- The Netherlands plans to tax cryptocurrencies based on unrealized gains starting in 2028, prompting strong community backlash.
- Michael Saylor reveals plans to acquire more Bitcoin this week; his strategy currently holds 709,715 BTC, valued at approximately $62 billion.
- Foundry USA, the world's largest Bitcoin mining pool, reports a 60% decrease in hashrate to around 200 EH/s due to the ongoing mining winter in the U.S.
- Colombia's second-large
BTC1.14%
PENGUIN31.85%
SIGN-1.61%
KMNO-5.1%
  • Reward
  • Comment
  • Repost
  • Share
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)