$BTC just touch $61k.. it'll cross $70k in this week? what | Henry Insights on Binance Square

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$BTC  just touch $61k..
it'll cross $70k in this week? what do you think? 
#BinanceLaunchpoolTON #CryptoMarketMoves #MarketDownturn #BTC 

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BTC

56,726.16

-0.72%

200

0

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We survived the Grayscale dump. We survived the Mt. Gox dump. We survived the German government dump. We survived the Japan stock market crash. But now, something new has started, which could bring even more turbulence. I’m talking about the Chinese real estate market. China's real estate stocks are now trading at their lowest levels since 2008. Back in August 2023, the Evergrande bankruptcy filing caused a 20% drop in Bitcoin. Now, the entire Chinese real estate market is in decline. In 2008, China made up just 4% of the global GDP, but now it's over 18%. Additionally, most U.S. companies and banks have direct exposure to the Chinese real estate market. If things continue to worsen, U.S. stocks could see a significant drop, potentially leading to a Bitcoin and crypto crash. But there’s a silver lining. If the stock market falls, it could push the government to start quantitative easing (money printing) and accelerate rate cuts. In my opinion, September will remain volatile with some pumps in between. There may be a drop due to the factors mentioned above, but in the long run, Bitcoin and crypto will trend upward. #LowestCPI2021 #CPI_BTC_Watch #DOGSONBINANCE #BNBChainMemecoins #CryptoMarketMoves

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Harris Won U.S. Presidential Debate Versus Trump, Polymarket Betting Suggests:

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The Harris-Trump debate just wrapped up, and there was no mention of crypto! Maybe we're expecting too much? Even though it didn't come up, cryptocurrency remains a hot topic in the upcoming U.S. election. What do you think—will they eventually address it? Remember to do your own research. #CPI_BTC_Watch #CryptoMarketMoves #Bitcoin❗

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Top Memecoins Set to Explode: Can $100 Become $10K by 2025? 🧵🔥🚀

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Inflation Data — Here's How Crypto Will Respond Today! The consumer price index (CPI) is set to be released this Wednesday, just ahead of the Federal Reserve's upcoming meeting, where they might begin a series of interest rate cuts. This data will play a crucial role in shaping the Fed's decisions and market reactions. If the report shows inflation is lower than expected, the Fed could potentially ease rates more quickly or aggressively. On the other hand, if inflation is higher, the Fed may take a more gradual approach. Here's what to watch for: - Consumer prices are expected to rise by 0.2% from July. - Core CPI, which excludes food and energy, is also forecasted to increase by 0.2%. - Year-over-year, CPI is expected to drop to 2.6%, while core CPI will likely remain at 3.2%. My Outlook and What It Means for Crypto: The market is anticipating a 25 basis points rate cut in September. I don't expect any surprises, and the CPI data should align with expectations. If that's the case, the Fed will likely go ahead with the 25 basis points rate cut in September. Although there's excitement around the rate cuts, I predict that crypto prices will decline in the short term, as this outcome has already been priced in. However, if CPI comes in significantly higher, it could raise hopes of a 50 basis points rate cut, which might lead to an increase in crypto prices. #CryptoMarketMoves #BullRunAhead #DOGSONBINANCE #LowestCPI2021

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