Before the Fed meeting, BTC returned to 70,000!
I thought ETH would rise in June, BTC had selling pressure, and there was also the influence of Mentougou!
As a result, BTC returned to 71,000 and was bullish. It is generally expected that the Fed will cut interest rates before November. Due to the slowdown in US inflation and weak employment, a large amount of funds have flowed into Bitcoin ETF!
Data shows that US inflation is slow, employment is weak, and US bond yields have dropped sharply, which has benefited cryptocurrencies!
I said that BTC spot ETF is super important, marking the transition of blockchain from niche to mainstream! I have also analyzed the main causes of US inflation. The Americans have to solve it, and inflation can only be slowed down slowly.
Every meeting may be good news! This time, ETH will break through 4200! The old public chain cottage has also moved. After the meme brought emotions, ETH took over the heat and blew up the chain game.
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