There is no new news, there are still worries about high interest rates leading to recession and worries about the political situation in the Middle East.
The International Monetary Fund (IMF) has warned that the United States and China could face huge fiscal deficits that have fueled inflation and created significant risks to the global economy. .
United States 🇺🇸 expected to record a fiscal deficit of 7.1% in 2025
China 🇨🇳 is expected to record a deficit of 7.6% in 2025
Bank of America said there is a risk that the Fed will not cut interest rates until March 2025, although it currently still expects a rate cut in December.
All markets are red today, including stocks, gold, oil and cryptocurrencies, with many more worried about the Fed not cutting interest rates in time and causing a recession than political tensions in the Middle East.
At least this is the story being spread now, short term market reaction is driven by stories, long term by supply and demand.
PRESIDENT BIDEN 🇺🇸 SAID THAT THE FED'S INTEREST RATE CUT COULD BE DELAYED A MONTH OR LONGER, BUT THERE WILL BE A RATE CUT BEFORE THE END OF THE YEAR, INFLATION HAS DECREASED FROM 9% TO 3% ALREADY. #btc
Binance sees you again at the Vietnam Technology Day event - a place to discuss "New technology, new advances"!
Faced with the outstanding race of Blockchain & AI & IOT technologies, how will we take advantage and adapt?
You ask, Binance will answer! See you at Vietnam Technology Day: Innovate Through Emerging Technologies ❤️
In particular, there will be 102 Binance swag gifts for participants 🙌 register and come get gifts and the latest technology information from top speakers.
📅 April 19, 2024, 8:00 - 12:00 📍 Lotte Hotel Saigon
Register for the event 👉 https://www.binance.events/VietnamTechnologyDay
Average price of Coingecko demo account for 2 years.
April 4, 2022, when the bear market started at BTC price ~$47K and ETH ~$3500, and from then DCA until now, no matter what news, even if the price drops sharply to $15K for BTC, then every week DCA $100 into BTC and $100 into ETH.
The results have been profitable since last year when BTC returned to $20K and are now gaining +126%.
The average BTC price we buy is $26,775.09. The average price of ETH we buy is $1,750.38 #btc
Billionaire investor Steve Cohen said on CNBC today that he owns a small amount of Bitcoin because of his son.
"My son is really interested in Bitcoin and told me to test and learn how to trade on Coinbase... There is definitely a part of the population that believes in Bitcoin, and Bitcoin could be the gold of the new generation ... it's hard to know the future."
Steve Cohen's story is not an exception, he is just more open. Unlike Peter Schiff, Chase CEO Jaime Dimon or the President of the European Central Bank, their children love Bitcoin but they cannot convince their children, then go FUD Bitcoin.
Many older people become interested in Bitcoin today because of the push from their children, and the wealth will be transferred to the younger generation over time. This is why Wall Street and major banks are now accepting Bitcoin, they don't want to disappoint their future customers. #btc