Bitcoin ETF's experiencing a strong comeback, which is impressive for something as new and unpredictable as this. For eight days in a row, more money has been flowing into these ETFs, adding up to about $1.7 billion just in May.
So far this year, we've hit a new record with a total of $13.5 billion. Bitcoin is in a really good spot right now!
➡️Ric Edelman, the founder of Edelman Financial Services, which manages assets worth over $291,000,000,000+.
🟠CEO of Galaxy Digital predicts BTC to rise above $75,000 by the end of June this year.
🟠 Founder of Cane Island Alternative Advisors expects Bitcoin to surpass $100,000 by the fourth quarter of 2024 or at the latest by the second quarter of 2025.
🟠 CEO of 10T Holdings believes the crypto market is entering a "hyper-growth phase," and Bitcoin will soon reach $90,000.
🟠 Pantera Capital's forecast - BTC to reach $114,000 by August 2025.
Inflation is still confirmed at 3.4%. This is very high from the level the #Fed is expecting.
On the back of yesterday's PPI there were expectations to see 3.5-3.6. But overall the situation is still complicated by the fact that there are no clear views on when the US will be able to control inflation, when the Fed will cut interest rates and when the situation will stabilize.
How long this decline in the #dollarindex will be within the medium term is unclear. We will watch the situation further
Two newly created wallets withdrew 3,045 $SOL #SOL (approximately $438K) from #Kucoin and subsequently purchased 22.79 million #GME tokens at an average price of $0.019
#News #CPI #Inflation Inflation news ahead. The market got a mixed PPI yesterday which made Powell nervous.
It is rare for a PPI report to come out a day EARLIER than a CPI report PPI + CPI macro data have a very strong correlation. Failure of PPI to meet expectations can cause a more significant reaction in the markets
There is a high probability of unpredictable CPI. Traders expect inflation to fall by 0.1% to 3.4% from the previous 3.5%.
*In general, news is an unpredictable factor and I recommend not to trade before and during the news!*$BTC
✖️Be safe... Nothing is clear yet: in a few hours there will be some important news... and Powell will talk about the US dollar and some other Bullsh!!@s that may affect the market significantly... Miracles can happen🥴
$BTC 🪙The new week opened within the range of 61K — so far, no changes. However, today or at the latest tomorrow, we should see some movement in the market.
❗️#Bitcoin is currently tightly squeezed between the support zone at 60K and the upper boundary of the channel. Breaking through one level or the other will indicate the priorities for further movement. We're waiting for that.
My expectations remain unchanged. The highs are descending, and there's no volume on attempts to rebound, indicating weakness in buyers. Yes, sellers haven't shown much yet, but I think it's only a matter of time.
⚠️ In summary: I'm anticipating a drop through the 60K level. However, in any case, I'll be prepared for a breakout above the upper boundary of the channel, which could lead to a rise to 67K, and in the best-case scenario, to 71K. But for now, that's just a secondary scenario.
🚀 The #money supply (M2) of the Federal Reserve System, the European Central Bank, the Bank of Japan, and the People's Bank of China has begun to increase.
📈Previous bull trends following halvings have been accompanied by an increase in the M2 of global central banks by 6% or more.
🟠M2 refers to the total amount of cash and non-cash funds in circulation, which determine the economy of a country.
Guys Please React .. According to the #BTC #dominance chart, do you think the next 24 hours will be good for the ALTS, or it will breakout and the entire market will fu@#d up ?
🥴 The next 24 hours will be Good for altcoins 😁 The next 24 hours will be Bad for altcoins