The cryptocurrency market is buzzing with renewed optimism as investment funds witness a historic inflow surge. This positive trend, now spanning five consecutive weeks, has propelled total assets under management (AUM) in crypto funds back above the coveted $100 billion mark, a level last seen in March 2024. CoinShares, a leading digital asset manager, reported
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Eurozone Braces for Trump Tariff Impact
The Euro Area is preparing for potential economic challenges as Donald Trump’s second term could bring renewed U.S. tariffs. The Institute of International Finance (IIF) estimates that these tariffs may reduce the Euro Area`s GDP by 0.4%. This comes at a time when many European countries are still recovering from the pandemic and facing growing competition from China. According to the IIF, the economic impact could be “substantial,” particularly for nations heavily reliant on transatlantic trade. Germany, France , and Italy are expected to bear the brunt of these changes. Germany , the U.S.’s largest exporter in the Euro Area, faces zero economic growth for the second consecutive year. The country’s machinery and industrial goods exports could be significantly affected. Italy’s exports in similar sectors are also vulnerable. France, meanwhile, risks a 4% decline in exports from key industries such as aerospace and luxury goods over Trump’s term, according to the IIF. While the potential damage is clear, the timeline for implementing tariffs remains uncertain. Trump’s statements on trade policies often make headlines quickly, but the actual rollout of tariffs tends to take weeks or months. This lag depends on how actively the administration leverages tools like the International Emergency Economic Powers Act. “ Trump’s tariff threats and their execution don’t always align,” notes the IIF, pointing to his previous term when he backed down from a proposed tariff on Mexico after the country agreed to tougher border controls. Analysts also suggest that the impact of Trump’s plans will vary, with some initial threats being toned down or adjusted during negotiations. However, industries across Europe are bracing for potential disruptions, particularly as the U.S. administration hints at more protectionist policies. The situation remains fluid, and all eyes are on how these policies evolve in the coming months. European exporters and governments must navigate these uncertainties while balancing the need for economic recovery and competitive positioning on the global stage. As the new administration lays out its strategies, the Euro Area will be closely monitoring developments, including Trump’s communication channels like Truth Social, for further indications of policy direction. CoinOtag
‘Let the Santa Rally Begin’: Top Trader Predicts Massive Rally to New All-Time for Dogecoin – Here’s His Target
A widely followed crypto strategist believes it’s only a matter of time before top memecoin Dogecoin ( DOGE ) erupts. Pseudonymous analyst Bluntz tells his 301,200 followers on the social media platform X that DOGE only needs to take out its diagonal resistance at around $0.50 to ignite rallies to a fresh all-time high. “When DOGE finally breaks this three-week range, the upside move will be violent, just like the last one, in my opinion. Tick tock.” Source: Bluntz/X Looking at the trader’s chart, he seems to predict that DOGE can surge to a new record high above $0.90. At time of writing, DOGE is worth $0.422. Bluntz also thinks that December will be an incredibly bullish month for crypto with the top memecoins leading the charge. “Let the Santa rally begin… DOGE, PEPE and SHIB all doing more volume than Solana [Monday] despite being, in some cases, 1/10th of the market cap. If you think the meme meta is dead, I’m sorry but you’re not going to make it.” Source: Bluntz/X Bluntz also says that retail traders are now pouncing on crypto and are more interested in coins that emerged during the 2017 market cycle, known as “dino” coins. “After observing retail finally coming back and deciding to start bidding…. ‘drum roll’ the same cr*p they bid last cycle. Makes me think when the memecoin bid inevitably comes back on they’re going to bid on dino memes as well. Obviously DOGE, but ALSO SHIB, FLOKI, etc.” Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post ‘Let the Santa Rally Begin’: Top Trader Predicts Massive Rally to New All-Time for Dogecoin – Here’s His Target appeared first on The Daily Hodl . CoinOtag