Copper prices have risen 12% this year, reaching $5.10 per pound on COMEX. Historically, copper and bitcoin have shown a strong positive correlation. The copper-gold ratio, a key indicator for bitcoin’s best years, is also on the rise. However, the current copper rally is driven by factors like President Trump’s trade tariffs rather than positive global economic cues. These tariffs pose risks to both the U.S. and global economies, leading the Federal Reserve to adjust growth and inflation forecasts. Despite the rally, the correlation between copper and the Australian dollar, a major copper exporter, has weakened. Australia ranks as the world’s 7th largest copper producer and 3rd largest exporter, with a historical correlation coefficient over 0.80 with the AUD. Meanwhile, China, the largest importer of commodities, has introduced a significant stimulus plan to boost domestic consumption amid external uncertainties. This plan aims to increase household income, spur spending, and support population growth. Early data from the first two months of the year shows Chinese consumption, investment, and industrial production surpassing estimates, contributing to the copper price increase.
0xNobler
@CryptoNobler
·
Dec 30, 2024 The next major Bull Run starts in January 2025
$BTC has just reached its second breakout, and the next target is $340,000.
Every $100 will turn into $50,000 if you buy the right lowcaps.
Here’s a list of the best altcoins with 500x potential
0xNobler
@CryptoNobler
·
Feb 17 Altcoin season always starts in February
$BTC just formed a Bullish Cross, and the next target is ~$600,000.
I saw the same pattern play out in 2021 and turned $400 into $200K on lowcaps.
Here are my biggest bets with 150-200x upside potential for 2025
0xNobler
@CryptoNobler
·
Dec 24, 2024 New Bitcoin ATH is coming in January
The next local target for $BTC is ~$160,000 and many altcoins will follow the lead.
Every $100 invested today = $20,000 next year.
Here’s a list of alts that will 200x this cycle
@88OXXO88
·
Jan 10 #Bitcoin’s 120% surge this year is a testament to its resilience. Corrections are natural, the 38.2% Fibonacci acting as a vital support. Stay fluid, my friends, and ride the wave.
#DragonX is up 35x and I’m ready for the next ride.
Dennis Porter
@Dennis_Porter_
·
Jan 30 BIG BREAKING: Peer-Reviewed paper led by
@DrMurrayRudd
shows that Bitcoin is on track to surpass $1,000,000 per coin by January 2027 with the potential to hit multi-millions by 2030.
DANNY
@Danny_Crypton
·
Dec 23, 2024 The largest Bull Run is officially set to begin in January 2025
Accel phase ends, next $BTC bull target – $300,000
$1,000 in the RIGHT tokens = $200,000 by 2025
Here’s my list of 9 useful alts
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