NABE Annual Survey: U.S. Economic Growth to Accelerate Slightly Next Year, But Inflation May Remain Elevated
On November 24th, the National Association for Business Economics (NABE) announced in its annual forecast survey that the growth rate of the U.S. economy will slightly pick up next year. However, job growth will remain sluggish, and the Federal Reserve will slow down the pace of further interest rate cuts.
This survey involved 42 professional forecasters. The results show that the median economic forecast is 2% growth, which is higher than the 1.8% from the October survey. The expected increase in personal spending and business investment will drive economic growth higher. But professional forecasters almost unanimously believe that the new import tariffs of the Trump administration will drag down the growth rate by at least 0.25 percentage points.
The survey report stated, "Respondents consider that the 'tariff impact' is the greatest downside risk to the U.S. economic outlook." Stringent immigration enforcement is also regarded as a factor inhibiting economic growth, while productivi
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Citigroup: Bitcoin ETF Sees Net Outflow of $1 Billion, Price Drops by Approximately 3.4%
On November 24th, the Bitcoin Exchange-Traded Fund (ETF) is currently witnessing the most significant monthly fund outflows in nearly two years, which is adding more pressure to the already weak crypto market.
Bloomberg compiled data indicates that investors have withdrawn $3.5 billion from U.S.-listed Bitcoin ETFs so far in November. This amount is nearly equivalent to the record $3.6 billion outflow set in February, which was the highest monthly outflow in history. BlackRock's Bitcoin fund, IBIT, accounts for approximately 60% of the total assets of such funds. In November, this fund recorded $2.2 billion in redemptions. If there are no substantial inflows in the coming days, it will mark its worst monthly performance.
Citigroup's research team quantified this phenomenon. For every $1 billion (net) outflow from Bitcoin ETFs, the price drops by about 3.4%, and vice versa. Citigroup analyst Alex Saunders has set a year-end bearish target of $82,000 (assuming zero inflows). The actual
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OKX will convert the MON/USDT pre-market trading contract to a standard perpetual contract
On November 24th, according to the official announcement, OKX will officially transform the MON/USDT pre-market trading contract into a standard perpetual contract on November 24, 2025, from 23:00 to November 25 at 02:00 (UTC+8), and it will support leverage ranging from 0.01 to 50x.
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BlackRock deposited 2,822 BTC and 36,200 ETH into Coinbase Prime
On November 24th, BlackRock deposited 2,822 BTC (valued at $243.59 million) and 36,283 ETH (valued at $101.72 million) into Coinbase Prime just 5 minutes ago.
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Bloomberg Senior Analyst: Bitcoin Faces Risk of Falling to $50,000 in 2026
On November 24th, Wall Street analysts issued a warning that the price of Bitcoin might experience a 40% plunge and reach $50,000 in 2026.
Bloomberg Intelligence's Senior Commodity Strategist, Mike McGlone, stated on LinkedIn that he anticipates the price of the leading cryptocurrency to decline by 60% from its all-time high of $126,000 by the next year.
"Will Bitcoin fall to $50,000 or rise to $150,000 in 2026? My inclination is towards $50,000," McGlone said. "Especially if the S&P 500 Index undergoes its third consecutive down year since 2008." His reasoning is that the combination of soaring gold prices, declining oil, and stock market volatility will lead investors to shun high-risk assets such as Bitcoin.
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