Bitcoin breaks $70,000 again, which is a new starting point.
Every bull market starts from the top of the previous bull market.
Now it is pulling back. We talked about it yesterday. The strong pressure position rebounded.
Regarding the subsequent crazy bull, interest rate cuts.
The current US inflation easing is obvious.
The next Fed meeting is undoubtedly good news.
Since investors' borrowing costs will be lower before the US presidential election in November, interest rate cuts may help boost cryptocurrency prices.
Data shows that the personal consumption expenditure price index (the Federal Reserve's preferred indicator for measuring inflation) rose 0.1% last month and was flat in May. Data shows that the personal consumption expenditure price index rose 2.5 compared with a year ago.
The probability of a 25 basis point rate cut in September is more than 85%.
Famous Wall Street analysts predict that the price of Bitcoin will reach $100,000 this year.
And Trump said that Bitcoin will not be sold in the future as a strategic reserve of the United States, but will be bought. Kennedy Jr. expressed this view.
The main thing is that Trump also said that if the chairman of the Federal Reserve does not cut interest rates, he may consider getting rid of him!
Of course, my philosophy has always been that if BTC wants to go high, it will not stand alone, and the surrounding areas will also rise.
The contract dare not say that it is a bargain
Fresh is indeed OK, fans with small funds of 1~10wu, please pay attention.
Today, a fresh honey horse that has been researched for a long time is announced. There is no problem doubling next month.
