$BTC has not actually reached a new ATH when paired with Gold.
November 2021, 1 BTC costs 37.57 troy ounces of gold. In March 2024, when #BTC ATH against USD, BTC will only be worth 33.98 tray ounces of gold. How come? Because the value of the USD is decreasing from year to year. So with a value of $73,750 or 1 BTC if we convert it into dollars, it is only worth $58,144 in 2021.
In September I believe the Fed will cut interest rates. But if the market expects 50bps, there will be a decline in $BTC . I believe the Fed will only cut rates by 25bps.
European stock markets fell 0.49% to 5470.47. US stock market fell 0.16% to $558.7 Bitcoin fell 3.38% to $59267 in the European session and US session. $BTC was hit hard by the decline in European and US stocks.
CPI fell to 2.9% YoY. The CPI has now reached 2, only 0.9% different from the FED's target of 2%. Will the FED lower interest rates? Bearing in mind that liquidity will dry up if it continues to be held.
The Asian session has opened. Stock Index falls. Axio, Kospi, Hangseng, TSEC fell above 1%. $BTC also fell 1.51% because Asian market liquidity left the capital market.