Influential US data for traders has been released! — oil reserves and GDP:

1. Oil reserves have increased, which indicates a planned approach. This means that sharp price increases for consumers are not expected, which means there is no reason for inflation to rise. And all this against the backdrop of a crisis in the oil sector due to sanctions and disruption of supply chains. And rising oil prices before the elections is a bad omen)

2. GDP indicator for 1Q. 2024 turned out to be 1.4%, which is 0.1% higher than the preliminary ones. The economy is slowly warming up, while inflation is not accelerating.

Conclusion, there will be no negative impact on crypto from the market. Will the rate reduction process be accelerated? - not in the near future, the economy will begin to accelerate before winter. Biden will not go down for fear of financial institutions collapsing.

But how will the situation in the Middle East affect crypto? I'll figure it out soon ❤️

#etf #binance #bitcoin #BTC #Ethereum $BTC