???? BTC Hits $100K Again

Hala,

Breaking up with subscriptions just got easier! ???? The FTC's new "click-to-cancel" rule makes ditching Spotify or Apple Music as simple as signing up—no more hoops, just clicks!(1) ???? Companies, your tricks are canceled! ??? ??

amana’s Take

• A brief gold sell-off followed reports of potential tariffs tied to national security, but the U.S. dollar staged a partial comeback, keeping gold in check.
• Weak demand from India (thanks to a plunging rupee) and fading hopes for China’s stimulus weighed on prices, capping any breakout above $2,665.
• Eyes on $3,000? Not yet. Revised forecasts delaying the much-anticipated $3,000/oz mark dampened enthusiasm, while traders kept an eye on U.S. data, Fed chatter, and tariff news for clues.

Stock Market Update

???? Wall Street seesawed its way to recovery on Monday as chipmakers surged and stole the show. The Nasdaq 100 climbed 1.09% to 21,559.50, the S&P 500 rose 0.55% to 5,975.38, while the Dow slipped 0.06% to 42,706.56. Nvidia and Micron led the charge—turns out, chips don’t just crunch numbers; they move markets!(2) ????

??? Meanwhile, Gulf stocks also closed on a high note as investors eyed Fed minutes and payroll data for rate clues. Abu Dhabi gained 1.1% to 9,428, while Dubai jumped 1.3% to 5,191.(3) ↗???

???? Bitcoin Blazes to $100K

Bitcoin has rocketed past the elusive $100,000 milestone, streaking across the financial cosmos like a comet. Fueled by a mix of tightening sell-side liquidity and miners guarding their rewards like dragons hoarding gold, the crypto king’s resurgence is a celestial event. Traders, grab your telescopes—this rally’s trajectory might be heading for another galaxy. ????

??? Key Market Sparks:

• Bitcoin Breakthrough: Soars to $108,100 in December, retraces 15%, then bounces back stronger.
• Liquidity Crunch: Supply lifespan drops from 41 months to just 6.6 months.
• Miner Mystique: Reduced flows to exchanges tighten supply further.
• Bull Cycle Peak: Analysts foresee market zenith by Q1 or early Q2 2025.
• Macroeconomic Push: Risk-on assets shine as the U.S. labor market finishes 2024 strong. ????

???? Brace for the Bitcoin Bull Run’s Finale

While the crypto cosmos buzzes with optimism, analysts like CryptoQuant’s CryptoDan remind us that every star burns brightest before it dims. With 36% of Bitcoin’s supply traded in the past month, the signs of a peak are clear. But caution is key—don’t get singed by market euphoria. As one analyst puts it, “Substantial gains in Bitcoin and altcoins are still possible, but risk management is key at this stage.” ????

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Closer to Home?

• ??? Abu Dhabi’s Aldar Properties is set to roll out its debut USD benchmark hybrid notes—30.25 noncall with a 7.25-year tenor and an expected Baa3 rating.(5) Skyscrapers and notes, Aldar’s on it! ??
• ?? Mashreq, a MENA financial powerhouse, wraps up a $385M sale of Neopay’s majority stake to fintech innovator DgPays and global investment firm Arcapita.(6) Big money, big moves! ??
• ?? Oil titan Saudi Aramco mulls setting up an oil refinery in Bangladesh, while ACWA Power sets its sights on investments close to $3.5B. Looks like Bangladesh is getting an energy glow-up!(7) ?

What Else Is Trending

• ?? Germany’s inflation climbed to 2.6% in December, up from November’s 2.2%, overshooting forecasts and tangling the ECB’s rate-cut plans this month. January’s meeting just got spicier!(8) ???
• ??? Oil prices hit a slippery patch on Monday with Brent dipping 0.3% to $76.30 and WTI easing 0.5% to $73.56 as bearish U.S. and German data overpowered a weaker dollar and winter storm heating buzz.(9) ???
• ?? Lastly, semiconductor stocks lit up as contract electronics giant Foxconn’s record Q4 revenue hinted at more AI optimism. Nvidia led the pack, climbing 3%—chips are on a roll!(10) ??

??Quote of the Day

“Risk comes from not knowing what you're doing.” — Warren Buffett

amana.app

Sources:(1) Music Business Worldwide, (2) (10) CNBC, (3) (9) Reuters, (4) Crypto Briefing, (5) (6) (7) Zawya, (8) Morningstar