CPI data has been released. An interest rate cut in September is seen as certain. #CPI_BTC_Watch
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Powell made the first move. And what awaits us afterward?
After the US Federal Reserve (FED) Chairman Jerome Powell's presentation to Congress yesterday, there was a remarkable movement even in big players such as $BTC $ETH and $BNB
Key Points:
The US economy is no longer "overheated".The job market has "cooled significantly" after the excesses of the pandemic.Inflation has been improving in recent months.More positive data will boost the central bank's confidence in lowering interest rates.
Reflection of interest rate cut expectations on the market
As of now;
Ethereum +1.07% value increase in the range of $3050-$3120#BTC_Bounce_Back_to_57k Bitcoin is down -0.82% in the range of $57100-$59250 BNB continues to trade in the $512-$525 range with a value increase of +1.12%.
Today, the market is generally in the green and experts believe that Powell's statements have positively impacted the market and expectations for a rate cut in September have strengthened. Especially the Consumer Price Index (CPI) data to be released on July 11 should be carefully monitored, as this data is critical in determining the long-term trend and the steps to be taken by the FED.
I would like to remind you once again that Powell has always made cautious statements and has not made a clear statement about the timing of interest rate cuts. In this situation, as always, we should continue to act cautiously and take advantage of the earning opportunities that Web3 offers us.
Decentralized Finance (DeFi): Staking, Yield Farming, Lending and BorrowingNFT (Non-Fungible Token): Digital artworks and NFT-based games, etc.GameFi: Refers to play-to-win style blockchain games that offer economic incentives to players. Social Mining: Earning project tokens while supporting the growth of crypto projects by producing quality content.
In fact, many of us are familiar with these earning opportunities, but what I really want to draw attention to here is the expansion of Web3 and its simplification and gamification for everyone to use.
The progress of the TON Blockchain in this regard is incredible. I think it would not be wrong to say that 2024 is the year of its rise. In Web3 has clearly shown of what can be done.
In terms of gamification, #Notcoin👀🔥 and Hamster Kombat are the most vivid examples. Telegram and wallet-integrated dApps were created for you to recognize all the opportunities in the Web3 ecosystem. Not only these, DeFi and NFT Marketplace applications are also offered to you to take advantage of many opportunities.
Moreover, the bridge announcement between WAX Blockchain and TON Blockchain supports TON's efforts to expand the Web3 ecosystem. We are very happy to see such cooperation between two important projects of #DaoLabs #SocialMining
In conclusion, no matter which direction the market is heading, Web3 offers many opportunities for every investor profile. Following the developments in this field closely and making informed decisions will give us significant advantages.
Key Points:
The US economy is no longer "overheated".The job market has "cooled significantly" after the excesses of the pandemic.Inflation has been improving in recent months.More positive data will boost the central bank's confidence in lowering interest rates.
Reflection of interest rate cut expectations on the market
As of now;
Ethereum +1.07% value increase in the range of $3050-$3120#BTC_Bounce_Back_to_57k Bitcoin is down -0.82% in the range of $57100-$59250 BNB continues to trade in the $512-$525 range with a value increase of +1.12%.
Today, the market is generally in the green and experts believe that Powell's statements have positively impacted the market and expectations for a rate cut in September have strengthened. Especially the Consumer Price Index (CPI) data to be released on July 11 should be carefully monitored, as this data is critical in determining the long-term trend and the steps to be taken by the FED.
I would like to remind you once again that Powell has always made cautious statements and has not made a clear statement about the timing of interest rate cuts. In this situation, as always, we should continue to act cautiously and take advantage of the earning opportunities that Web3 offers us.
Decentralized Finance (DeFi): Staking, Yield Farming, Lending and BorrowingNFT (Non-Fungible Token): Digital artworks and NFT-based games, etc.GameFi: Refers to play-to-win style blockchain games that offer economic incentives to players. Social Mining: Earning project tokens while supporting the growth of crypto projects by producing quality content.
In fact, many of us are familiar with these earning opportunities, but what I really want to draw attention to here is the expansion of Web3 and its simplification and gamification for everyone to use.
The progress of the TON Blockchain in this regard is incredible. I think it would not be wrong to say that 2024 is the year of its rise. In Web3 has clearly shown of what can be done.
In terms of gamification, #Notcoin👀🔥 and Hamster Kombat are the most vivid examples. Telegram and wallet-integrated dApps were created for you to recognize all the opportunities in the Web3 ecosystem. Not only these, DeFi and NFT Marketplace applications are also offered to you to take advantage of many opportunities.
Moreover, the bridge announcement between WAX Blockchain and TON Blockchain supports TON's efforts to expand the Web3 ecosystem. We are very happy to see such cooperation between two important projects of #DaoLabs #SocialMining
In conclusion, no matter which direction the market is heading, Web3 offers many opportunities for every investor profile. Following the developments in this field closely and making informed decisions will give us significant advantages.
Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
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