KUALA LUMPUR, Dec 5 (Bernama) -- Bursa Malaysia closed lower on Friday amid mixed regional market performance as investors turned cautious over a possible rate hike by the Bank of Japan (BOJ) and upcoming US economic data that may influence the Federal Reserve’s (Fed) interest rate decision next week. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) pared most earlier losses to settle 4.55 points easier, or 0.28 per cent, to 1,616.52 from Thursday’s close of 1,621.07. The benchmark index, which opened 0.37 of-a-point lower at 1,620.70, moved between 1,609.67 and 1,621.25 throughout the day. The broader market was negative, with decliners outpacing advancers 604 to 439. A total of 550 counters were unchanged, 1,151 untraded, and 18 suspended. Turnover declined to 3.17 billion units worth RM2.24 billion from 4.48 billion units worth RM2.75 billion yesterday. Rakuten Trade Sdn Bhd vice-presiden...
From Political Soundbite to Crypto Spike
President Trump called Bitcoin's rising adoption a “great thing” for the U.S., triggering fresh enthusiasm in crypto markets. Bitcoin pushed above $108,000, Ethereum climbed past $2,500, and meme coins like Dogecoin saw gains.
But beneath the headlines lies the real question: Is this the start of a sustainable rally—or another hype-driven surge?
Market Moves & Investor Watchpoints
Volume Surges: BTC trading volume jumped 25% in 24 hours, with $164 million in shorts liquidated.
Sentiment: The Crypto Fear & Greed Index remains deep in Greed, signaling elevated risk of pullbacks.
Technical Barriers: Analysts warn BTC is approaching a major resistance zone. Breaking this could lead to new all-time highs—or another rejection.
What This Means For You
1️⃣ Stay Alert: Big moves often follow Trump’s crypto comments—but volatility cuts both ways.
2️⃣ Manage Exposure: Consider partial profit-taking or setting stop-loss levels if heavily weighted in crypto.
3️⃣ Look at Correlations: Broader markets are near record highs; risk appetite could shift quickly if equities pull back.
4️⃣ Diversify: Gold, Treasuries, and stablecoins remain classic hedges against crypto volatility.
Money Master Take:
While Trump’s comments support a bullish narrative, long-term fundamentals matter most. Don’t chase hype—watch resistance, manage risk, and remember volatility creates opportunity.
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