Ending the chapter with the 2nd last day of 2023
Here’s the prediction for ALL economic metrics in 2024 👇🧵
(Bookmark this because the last tweet contains your 2024 playbook!)
Macro Pulse Update 30.12.2023, covering the following topics:
1️⃣ Macro events for the week
2️⃣ Bitcoin Buzz Indicator
3️⃣ Market overview (+ bonus market prediction)
1️⃣ Macro events for the week
Next Week
2️⃣ Bitcoin Buzz Indicator
Market and Regulatory Updates
Bitcoin ETFs: Growth and Regulatory Challenges
Mt. Gox Saga: Repayments and Ongoing Impact
MicroStrategy's Bitcoin Acquisition and Market Influence
Ethereum's Rise Amid Altcoin Rally and Layer-2 Solutions
Country-Specific Developments
India Targets Crypto Exchanges for AML Non-Compliance
Crypto Exchanges and Platforms
FTX Debtors' Repayment Plan Sparks Discontent
Terraform Labs Faces SEC Over Unregistered Securities
Avalanche Foundation's Meme Coin Investment Strategy
Catalyx Exchange Halts Trading After Security Breach
Pink Drainer Group's $4.4 Million Chainlink Heist
Donald Trump's Ethereum Liquidation Amid Financial Strains
Yuga Labs Dominates NFT Market with Top Sales
Yuga Labs Leads in Digital Land NFT Sales
Altcoins
MEXC reassured users following the deletion of its CEO's account amidst withdrawal issues, denying claims of freezing user assets.
Curve Finance reimbursed the total amount stolen in July.
Solana hit nearly $126 on Christmas Day — its highest since April 2022, and surpassed Bitcoin and Ethereum in weekend trading volume, but its SOL token fell below BNB in crypto rankings due to profit-taking by major holders.
Japan decided to eliminate corporate tax on unrealized crypto profits.
Epic Games lifted its ban on Adults Only rated games.
Meme coins like ANALOS and SILLY on Solana created a new group of millionaires.
Crypto VC funding plummeted by 68% in 2023 compared to the previous year.
China's State Administration of Foreign Exchange cracked down on a $2.2 billion crypto exchange ring.
Layer-2 ZKSync resumed operations after a 5-hour network outage on Christmas Day.
TEL's value dropped 42% following a $1.3M theft in a Telcoin exploit related to Polygon Wallet.
MATIC surged after Mark Cuban sold his Polygon (MATIC) holdings to Coinbase.
Grayscale underwent a board reshuffle as Barry Silbert exited.
South Korea announced plans to disclose top public officials' crypto holdings next year.
Thunder Terminal was hacked for 86.5 ETH, but claimed funds were safe after a $240K attack.
Bitcoin SV surged to $104, with significant South Korean trader involvement and Coinbase planning to sell its BSV holdings.
Binance's former CEO CZ's wealth soared by $25 billion in 2023, despite facing a potential prison sentence.
IOTA’s ShimmerEVM enhanced cross-chain capabilities with LayerZero's technology.
Binance Coin (BNB) recovered impressively, surpassing $310 and reclaiming the top 4 spot from Solana, despite earlier declines and an SEC lawsuit.
Ledger Live faced scrutiny over alleged user tracking, according to an app developer and privacy advocate.
Worldcoin expanded globally with its Singapore launch.
Cardano's Chang Hard Fork was scheduled for early 2024.
Blast reached $1.1B in deposits more than a month before its official launch.
Levana Protocol suffered over a $1 million exploit on the Osmosis blockchain.
A court approved a $225M deal for Celsius mining company, avoiding a securities ruling.
Privacy tokens DASH, ZCH, and XMR dropped as OKX announced trading suspension.
PancakeSwap's community agreed to remove 300 million tokens from its supply.
3️⃣ Market overview
US Economic forecast for the year 2024
BTC market prediction
Based on historical patterns, here is one potential scenario:
We could be in the early stages of a new mini-bull run, where prices climb moderately over the next few months. However, this is unlikely to reach the frenzied heights of 2017. It will be a slower, more gradual ascent. This will suck in more retail investors who missed the early boat.
At a certain point, possibly near the old highs around $65k for Bitcoin, the whales and institutional investors who ignited the latest run will take profits. This would initiate a crash, but not a cataclysmic one. It could be in the 40%-60% range. While painful, this is normal by crypto standards.
After the correction runs its course, the big players will slowly start accumulating again. This boring sideways action will continue for a few months. But then thebull run will resume in earnest. This time, real FOMO will kick in as Bitcoin crosses $100k and major altcoins go on parabolic runs. We could see crypto dominance expand rapidly in 2022-2023.
Twitter: https://twitter.com/arndxt_xo/status/1741055041291911335