The Rundown Bitcoin Rises on Strategic Reserve Optimism, Apple Plans Foldable iPhone
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Dec 16, 2024 Recent market fluctuations spotlight the impressive rise of Bitcoin, fueled by hope for a U.S. strategic reserve. Meanwhile, Apple's foray into a foldable iPhone promises excitement amid their revenue struggles. MicroStrategy's stock soars thanks to its Bitcoin holdings, while Ford faces a decline after a downgrade. Plus, there's a silver lining in health news with a positive trend in declining obesity rates linked to weight loss drugs.
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Bitcoin's Rise
- Bitcoin hit new all-time highs, passing $106,000, possibly due to President-elect Trump's comments.
- Trump suggested a U.S. Bitcoin strategic reserve, exciting crypto investors.
Fed Meeting Preview
- The Fed is expected to cut interest rates by 25 basis points, with a 97% probability.
- Zaid Admani will analyze Jerome Powell's press conference, especially after the previous "heated" one.
Apple's Foldable Devices
- Apple is rumored to be developing two foldable devices: a 19-inch jumbo screen and a foldable iPhone.
- The foldable iPhone, with a larger screen than the iPhone 16 Pro Max, is expected in 2026.