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$BTC should sustain the resistance over 60K today ! before #CPIdata - During CPI report if Bitcoin gets level till 61800 and it will PUMP for sure ! - 62K +
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#MarketDownturn and Market Trend; $BTC begins a major downtrend causing a broad-based drop in altcoins. US stocks crash, potentially forcing a rate cut in September. For the first time in recent years, Warren Buffett sells off his US stocks. Market Hotspots: 1. Bitcoin is plummeting, with the weekly chart forming a downward-facing bell mouth. The current trend is similar to 2019 when the bull market started again half a year after the last rate cut. The rate was cut in July of 2019 until April 2020, with the first-rate hike in March 2022. The Bitcoin price surged from the March 12 in 2020, around half a year after the rate cut, and likely ended in November 2021, roughly half a year ahead of the rate hike. 3. $SOL L ecosystem's $JUP token is surging. JUPITER is a SOLANA's DEX which has decided to reduce its token supply by 30%. 4. $HARRIS is on the rise. Both Harris and Trump have a similar chance of winning the election, but the market cap of $HARRIS is 10 million units while $TRUMP is at 200 million units - a 20-fold difference.
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#MarketDownturn ; The crypto industry has once again ushered in the "darkest moment". From last night to this morning, the cryptocurrency market accelerated its plunge, and BTC once fell below $49,000, with a single-day drop of nearly 20%. Investigating the reasons for the plunge, in addition to macroeconomic influences such as recession expectations and the situation in the Middle East, Jump's potential black swan may also be seen as a driving factor in the market's decline. This morning, BitMEX co-founder Arthur Hayes posted a message saying that a "big guy" was disposed of and was selling all crypto assets, and the community generally speculated that the "big guy" he referred to was Jump. As one of the major service providers and most active investment institutions in the industry, if Jump collapses, it will inevitably have a huge impact on the market, and projects that directly invest and work with the institution may be the first to bear the brunt. $BTC $ETH $BNB P.S. Buy the DIP & DYOR !
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Bitcoin (BTC) Price Could Skyrocket to $263,000 ?
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