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๐Ÿš€๐ŸŽ‰ Hey there, Bitcoin enthusiasts! Here's a fun fact: The COVID-19 pandemic led to a massive economic disruption, causing the US government to print trillions of dollars, leading to high inflation. The Federal Reserve stepped in, raising interest rates to 5.25%-5.50%. ๐Ÿ“ˆ๐Ÿ’ธ Now, here's the exciting part: Lowering these rates could boost investment in cryptocurrencies, including our beloved Bitcoin (BTC)! ๐Ÿ’ฐ๐Ÿ”ฅ The Fed has hinted at such a pivot, and if it happens, it could mean a surge in BTC prices. ๐Ÿš€๐Ÿ’Ž Why, you ask? Lower interest rates make borrowing money easier, which could increase interest in risk-on assets like BTC. The introduction of spot Bitcoin ETFs in 2024 also makes it easier for retail investors to get in on the action. ๐Ÿ“Š๐Ÿ’ก Notable Bitcoin enthusiast Mike Novogratz believes BTCโ€™s price will take off once the Fed pivots. Until then, he sees the asset trading in the $55,000-$75,000 range. ๐ŸŒŸ๐Ÿ”ฎ Other cryptocurrencies like Solana (SOL), Dogecoin (DOGE), Dogwifhat (WIF), Ethereum (ETH), and Polkadot (DOT) could also see significant price movements if the Fed decides to cut rates. ๐ŸŒ๐Ÿ’น So, keep your eyes peeled, crypto fans! The future is looking bright for Bitcoin and the crypto market! ๐ŸŽ‰๐Ÿš€๐ŸŒ•

๐Ÿš€๐ŸŽ‰ Hey there, Bitcoin enthusiasts! Here's a fun fact: The COVID-19 pandemic led to a massive economic disruption, causing the US government to print trillions of dollars, leading to high inflation. The Federal Reserve stepped in, raising interest rates to 5.25%-5.50%. ๐Ÿ“ˆ๐Ÿ’ธ

Now, here's the exciting part: Lowering these rates could boost investment in cryptocurrencies, including our beloved Bitcoin (BTC)! ๐Ÿ’ฐ๐Ÿ”ฅ The Fed has hinted at such a pivot, and if it happens, it could mean a surge in BTC prices. ๐Ÿš€๐Ÿ’Ž

Why, you ask? Lower interest rates make borrowing money easier, which could increase interest in risk-on assets like BTC. The introduction of spot Bitcoin ETFs in 2024 also makes it easier for retail investors to get in on the action. ๐Ÿ“Š๐Ÿ’ก

Notable Bitcoin enthusiast Mike Novogratz believes BTCโ€™s price will take off once the Fed pivots. Until then, he sees the asset trading in the $55,000-$75,000 range. ๐ŸŒŸ๐Ÿ”ฎ

Other cryptocurrencies like Solana (SOL), Dogecoin (DOGE), Dogwifhat (WIF), Ethereum (ETH), and Polkadot (DOT) could also see significant price movements if the Fed decides to cut rates. ๐ŸŒ๐Ÿ’น

So, keep your eyes peeled, crypto fans! The future is looking bright for Bitcoin and the crypto market! ๐ŸŽ‰๐Ÿš€๐ŸŒ•

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content.ย See T&Cs.
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๐Ÿš€BTC enthusiasts, get ready for some action! Today, we're seeing the expiry of around 20,000 Bitcoin options with a notional value of $1.35 billion. But don't fret, the market impact is expected to be minimal as this event is much smaller than previous weeks. ๐Ÿ“‰ However, keep your eyes peeled for June 28, when a whopping $6.7 billion in notional value derivatives are set to expire. Now that's a date to mark on your calendar! ๐Ÿ“† Today's BTC contracts have a put/call ratio of 0.49, meaning twice as many long (call) contracts are expiring as shorts (puts). The max pain point is at $68,500, a tad higher than current spot prices. This is where most losses could occur. ๐Ÿ˜ฌ But don't lose hope, bulls are still ruling the roost in BTC derivatives with almost $1 billion in open interest at the $100,000 strike price. The $75,000 and $80,000 strike prices are also seeing a lot of action with $723 million and $807 million respectively. ๐Ÿ‚ Despite the big macroeconomic data week in the U.S, the crypto market has underperformed, with mainstream coins and altcoins taking a hit. But remember, the crypto market is a rollercoaster ride, so buckle up! ๐ŸŽข In addition to Bitcoin, 200,000 Ethereum options expired today with a put/call of 0.36, a max pain point of $3,600, and a notional value of $710 million. The total market capitalization has remained steady at $2.57 trillion over the past 24 hours. However, markets have been on a retreat with a 7.5% decline over the past ten days. Bitcoin is currently hovering around $67,000 following a fall from around $69,500 earlier this week. Analysts are pointing at Bitcoin miner profit taking as a contributing factor to the declines. So, will today's Bitcoin options expiry send markets lower? Only time will tell. Stay tuned! ๐Ÿ•ฐ๏ธ
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