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The #SpaceCatch staking contract encountered a hack despite passing rigorous audits, resulting in a 95% plummet of the $CATCH token. 👀 However, the #SpaceCatch team has committed to fully compensate for the losses. They will issue a new token distributed to #CATCH holders pre-hack at a 1:1 ratio. Furthermore, they've secured an agreement with a market maker to stabilize the new token's price at $1, restoring it to pre-hack levels. 🧐 #StartInvestingInCrypto #BTC70K✈
The #SpaceCatch staking contract encountered a hack despite passing rigorous audits, resulting in a 95% plummet of the $CATCH token. 👀 However, the #SpaceCatch team has committed to fully compensate for the losses. They will issue a new token distributed to #CATCH holders pre-hack at a 1:1 ratio. Furthermore, they've secured an agreement with a market maker to stabilize the new token's price at $1, restoring it to pre-hack levels. 🧐 #StartInvestingInCrypto #BTC70K✈
#NewEraofHOOKED #HookeddonWeb3Mastery It looks like you're welcoming @0G_labs to HOOKED 2.0 Alumni and promoting Web3 education. Would you like suggestions on how to improve or modify the message? $HOOK
#NewEraofHOOKED #HookeddonWeb3Mastery

It looks like you're welcoming @0G_labs to HOOKED 2.0 Alumni and promoting Web3 education. Would you like suggestions on how to improve or modify the message?
$HOOK
On June 1st, the U.S. Securities and Exchange Commission's Office of Investor Education and Advocacy released a warning, outlining five prevalent cryptocurrency scams. These scams include leveraging social media and text messages to build trust, exploiting emerging technologies like AI, impersonating trusted sources, conducting stock price pump scams, and demanding additional fees for withdrawals. The SEC cautioned investors to remain vigilant against these tactics to avoid potential losses.
On June 1st, the U.S. Securities and Exchange Commission's Office of Investor Education and Advocacy released a warning, outlining five prevalent cryptocurrency scams. These scams include leveraging social media and text messages to build trust, exploiting emerging technologies like AI, impersonating trusted sources, conducting stock price pump scams, and demanding additional fees for withdrawals. The SEC cautioned investors to remain vigilant against these tactics to avoid potential losses.
It seems like you're discussing the strength of the cryptocurrency $ENS , its support level at $23, and its movement towards a target of $35.40, with an expectation for $BTC to maintain its bullish momentum. You've also noted a gain of 280% so far. Is there anything specific you'd like to change or discuss about this?
It seems like you're discussing the strength of the cryptocurrency $ENS , its support level at $23, and its movement towards a target of $35.40, with an expectation for $BTC to maintain its bullish momentum. You've also noted a gain of 280% so far. Is there anything specific you'd like to change or discuss about this?
It seems like you're discussing Bitcoin's recent price action and potential future movements. [Click Here For Free USDT đŸ’žđŸ€‘](https://www.binance.com/en/my/wallet/account/payment/binancepay/sharecryptoboxes?registerchannel=293258088532942848&ref=LIMIT_CB2W9UP7&theme=global&_dp=L3dlYnZpZXcvd2Vidmlldz90eXBlPWRlZmF1bHQmbmVlZER5bmFtaWM9dHJ1ZSZuZWVkTG9naW49ZmFsc2UmdXJsPWFIUjBjSE02THk5M2QzY3VZbWx1WVc1alpTNWpiMjB2ZTJ4aGJtZDlMMjE1TDNkaGJHeGxkQzloWTJOdmRXNTBMM0JoZVcxbGJuUXZZbWx1WVc1alpYQmhlUzl6YUdGeVpXTnllWEIwYjJKdmVHVnpQM0psWjJsemRHVnlZMmhoYm01bGJEMHlPVE15TlRnd09EZzFNekk1TkRJNE5EZ21jbVZtUFV4SlRVbFVYME5DTWxjNVZWQTNKblJvWlcxbFBXZHNiMkpoYkE9PQ==)đŸ’”đŸ’° The price is hovering around $68,000 after facing resistance at $69,000, indicating a possible retracement before further upward movement. There's a chance of a dip below $66,000, potentially reaching the second demand zone. With the impending release of Core PCE data, expect increased volatility. It's crucial to manage risk effectively in such conditions.
It seems like you're discussing Bitcoin's recent price action and potential future movements.
Click Here For Free USDT đŸ’žđŸ€‘đŸ’”đŸ’°
The price is hovering around $68,000 after facing resistance at $69,000, indicating a possible retracement before further upward movement. There's a chance of a dip below $66,000, potentially reaching the second demand zone. With the impending release of Core PCE data, expect increased volatility. It's crucial to manage risk effectively in such conditions.
Sure, here's a revised version: --- **BTC Analysis:** BTC experienced a rise to 69,500 last night but subsequently began to fall. It faced resistance and failed to breach it, indicating a potential return to the 67,000 area with a possible break of 68,300. The RSI on the 4H chart approaching 50.00, dropping to 49.63, suggests a significant decline. News today will likely have a strong impact. **ETH Analysis:** ETH turned negative with the break of the 3745 support area, eyeing a potential decline to 3660. RSI on the 4H chart at 44.00 targets 50.00, indicating a potential rise if news is positive, with a retest of 3800. On the 1D chart, retesting the rise to 3800 is possible. Positive news could lead to the rise of both BTC and ETH. **USDT Dominance:** USDT dominance remains positive, targeting the 4.60 and 4.55 areas, currently at 4.54. There's potential for a rise to 4.65 or even 4.75 in the next hours if a breakthrough occurs. **Liquidity Analysis:** Liquidity is negative at 2.468, with the possibility of rising to 2.507 or falling back to 2.454, and further dropping to 2.44 and eventually collapsing to 2.429. The RSI indicator indicates negativity, nearing a fall. \#BTC #ETH #BNB #LINK #SOL
Sure, here's a revised version:

---

**BTC Analysis:**
BTC experienced a rise to 69,500 last night but subsequently began to fall. It faced resistance and failed to breach it, indicating a potential return to the 67,000 area with a possible break of 68,300. The RSI on the 4H chart approaching 50.00, dropping to 49.63, suggests a significant decline. News today will likely have a strong impact.

**ETH Analysis:**
ETH turned negative with the break of the 3745 support area, eyeing a potential decline to 3660. RSI on the 4H chart at 44.00 targets 50.00, indicating a potential rise if news is positive, with a retest of 3800. On the 1D chart, retesting the rise to 3800 is possible. Positive news could lead to the rise of both BTC and ETH.

**USDT Dominance:**
USDT dominance remains positive, targeting the 4.60 and 4.55 areas, currently at 4.54. There's potential for a rise to 4.65 or even 4.75 in the next hours if a breakthrough occurs.

**Liquidity Analysis:**
Liquidity is negative at 2.468, with the possibility of rising to 2.507 or falling back to 2.454, and further dropping to 2.44 and eventually collapsing to 2.429. The RSI indicator indicates negativity, nearing a fall.

\#BTC #ETH #BNB #LINK #SOL
Certainly, here's a revised version: **BTC Update: 🚹** Bitcoin Experiences Significant FluctuationsđŸ„¶ What's the Next Move? Read Full Post Below👇 [Click Here For 1000 USDT đŸ€‘](https://www.binance.com/en/my/wallet/account/payment/binancepay/sharecryptoboxes?registerchannel=293258088532942848&ref=LIMIT_CB2W9UP7&theme=global&_dp=L3dlYnZpZXcvd2Vidmlldz90eXBlPWRlZmF1bHQmbmVlZER5bmFtaWM9dHJ1ZSZuZWVkTG9naW49ZmFsc2UmdXJsPWFIUjBjSE02THk5M2QzY3VZbWx1WVc1alpTNWpiMjB2ZTJ4aGJtZDlMMjE1TDNkaGJHeGxkQzloWTJOdmRXNTBMM0JoZVcxbGJuUXZZbWx1WVc1alpYQmhlUzl6YUdGeVpXTnllWEIwYjJKdmVHVnpQM0psWjJsemRHVnlZMmhoYm01bGJEMHlPVE15TlRnd09EZzFNekk1TkRJNE5EZ21jbVZtUFV4SlRVbFVYME5DTWxjNVZWQTNKblJvWlcxbFBXZHNiMkpoYkE9PQ==)đŸ€‘ Currently, BTC is Trading at 67.7k, with Altcoins Also Witnessing Downtrends. Amidst Market Volatility, I've Managed to Secure $2k Profit Utilizing My Experience and Strategy. Initially, We Observed a Surge from 69k to 71k, Followed by Immediate Market Corrections. Our Approach for Bitcoin is Simple. Futures Liquidation Data Indicates Approximately $200 Million Liquidation at the 72k Level, Expected to Occur in the Upcoming Hours. Additionally, Another $1 Billion Liquidation Leverage is Projected at the 74k Price Level Over the Next Week. Engaging in Future Trading Involves High Risk. Trade Wisely with the Assistance of Experts and Invest Only What You're Prepared to Lose. Stay Connected with Us on Our Social Channels for Future Trading Guidance and Expert Analysis. Social(All)đŸ†“ïžđŸšŠ: #ETHETFsApproved #altcoins #MicroStrategyOrange #BlackRock⁩
Certainly, here's a revised version:

**BTC Update: 🚹**
Bitcoin Experiences Significant FluctuationsđŸ„¶
What's the Next Move?
Read Full Post Below👇

Click Here For 1000 USDT đŸ€‘đŸ€‘

Currently, BTC is Trading at 67.7k, with Altcoins Also Witnessing Downtrends. Amidst Market Volatility, I've Managed to Secure $2k Profit Utilizing My Experience and Strategy. Initially, We Observed a Surge from 69k to 71k, Followed by Immediate Market Corrections.

Our Approach for Bitcoin is Simple. Futures Liquidation Data Indicates Approximately $200 Million Liquidation at the 72k Level, Expected to Occur in the Upcoming Hours. Additionally, Another $1 Billion Liquidation Leverage is Projected at the 74k Price Level Over the Next Week.

Engaging in Future Trading Involves High Risk. Trade Wisely with the Assistance of Experts and Invest Only What You're Prepared to Lose.

Stay Connected with Us on Our Social Channels for Future Trading Guidance and Expert Analysis.
Social(All)đŸ†“ïžđŸšŠ:
#ETHETFsApproved #altcoins #MicroStrategyOrange #BlackRock⁩
"April saw a shift in developer focus within the altcoin space. While Bitcoin closed the month in the red, developers remained active across various projects. According to data from Santiment, here are the top 10 altcoins that developers concentrated on in April: 1. Optimism (OP) - 541 2. Hedera (HBAR) - 459 3. Cardano (ADA) - 432 4. Chainlink (LINK) - 397 5. Polkadot (DOT) - 390 6. Ethereum (ETH) - 323 7. Cosmos (ATOM) - 301 8. Internet Computer (ICP) - 295 9. MultiversX (EGLD) - 247 10. Aptos (APT) - 228 Optimism, a layer-2 blockchain aiming to scale Ethereum, took the top spot, despite Ethereum itself ranking lower in developer activity. It's important to note that while developer activity is significant, it doesn't necessarily correlate directly with cryptocurrency prices."#BTC‬ #Memecoins
"April saw a shift in developer focus within the altcoin space. While Bitcoin closed the month in the red, developers remained active across various projects. According to data from Santiment, here are the top 10 altcoins that developers concentrated on in April:

1. Optimism (OP) - 541
2. Hedera (HBAR) - 459
3. Cardano (ADA) - 432
4. Chainlink (LINK) - 397
5. Polkadot (DOT) - 390
6. Ethereum (ETH) - 323
7. Cosmos (ATOM) - 301
8. Internet Computer (ICP) - 295
9. MultiversX (EGLD) - 247
10. Aptos (APT) - 228

Optimism, a layer-2 blockchain aiming to scale Ethereum, took the top spot, despite Ethereum itself ranking lower in developer activity. It's important to note that while developer activity is significant, it doesn't necessarily correlate directly with cryptocurrency prices."#BTC‬ #Memecoins
"Whenever the bull market ends, the bear market begins" shares are making the rounds. We often hear such sentiments during corrections in #BTC, and they persist with every downturn. The key is grasping the primary trend's direction and responding accordingly. Bitcoin's ascent from $15,000 to $75,000 over the past 18 months indicates a prevailing upward trend. Despite occasional dips, such as the five drops exceeding 20% in this period, the overarching trend remains positive. Long-term optimism stems from this upward trajectory. Short-term declines are merely corrections within this context. Previous downturns have been swiftly overcome, as illustrated in the attached graph. #bitcoin #Memecoins
"Whenever the bull market ends, the bear market begins"

shares are making the rounds. We often hear such sentiments during corrections in #BTC, and they persist with every downturn. The key is grasping the primary trend's direction and responding accordingly.

Bitcoin's ascent from $15,000 to $75,000 over the past 18 months indicates a prevailing upward trend. Despite occasional dips, such as the five drops exceeding 20% in this period, the overarching trend remains positive. Long-term optimism stems from this upward trajectory.

Short-term declines are merely corrections within this context. Previous downturns have been swiftly overcome, as illustrated in the attached graph. #bitcoin #Memecoins
"Should I continue dropping projects that will boom in the bull run ? should I wait till tomorrow? How many people are currently active? Share with friends now and give a tip if you find this helpful! So far
"Should I continue dropping projects that will boom in the bull run ?

should I wait till tomorrow? How many people are currently active? Share with friends now and give a tip if you find this helpful! So far
FED Press Conference (FOX Business) FOX Business: Was there any discussion during today's meeting about increasing interest rates? FED: The central focus today was on the question: "Is the current interest rate adequate?" After careful consideration, we decided to maintain the interest rate at its current level. #BTC #fomc #Fed $BTC
FED Press Conference (FOX Business)

FOX Business: Was there any discussion during today's meeting about increasing interest rates?
FED: The central focus today was on the question: "Is the current interest rate adequate?" After careful consideration, we decided to maintain the interest rate at its current level.
#BTC #fomc #Fed $BTC
The Dogecoin (DOGE) price has been facing a downward trend recently with major metrics turning bearish. The recent dip in price, coupled with broader market fluctuations, has caused concern among investors. The market sentiment worsened following news of Binance founder Changpeng Zhao's sentencing for money laundering violations, leading to a significant drop in prices across the crypto market. This downturn marks the end of the meme coin rally, which had seen a surge in prices earlier in the year. Dogecoin, as the leading meme coin, experienced a notable decline in price from its peak in April, reflecting the overall downturn in the meme coin sector. Currently trading at $0.125, DOGE has seen a considerable decrease of 7.87% in the last 24 hours and a staggering 39.29% decline over the past month. These numbers underscore the volatile nature of the crypto market and highlight the challenges facing meme coins like Dogecoin. Additionally, data from CoinGlass indicates significant liquidations for DOGE, further illustrating investor apprehension during this bearish phase. ChatGPT can make mistakes. Consider checking important information.
The Dogecoin (DOGE) price has been facing a downward trend recently

with major metrics turning bearish. The recent dip in price, coupled with broader market fluctuations, has caused concern among investors. The market sentiment worsened following news of Binance founder Changpeng Zhao's sentencing for money laundering violations, leading to a significant drop in prices across the crypto market. This downturn marks the end of the meme coin rally, which had seen a surge in prices earlier in the year. Dogecoin, as the leading meme coin, experienced a notable decline in price from its peak in April, reflecting the overall downturn in the meme coin sector. Currently trading at $0.125, DOGE has seen a considerable decrease of 7.87% in the last 24 hours and a staggering 39.29% decline over the past month. These numbers underscore the volatile nature of the crypto market and highlight the challenges facing meme coins like Dogecoin. Additionally, data from CoinGlass indicates significant liquidations for DOGE, further illustrating investor apprehension during this bearish phase.

ChatGPT can make mistakes. Consider checking important information.
Bitcoin (BTC) is currently navigating through a significant market downturn, [Click Here For Free USDT đŸ€‘đŸ€ź](https://www.binance.com/en/my/wallet/account/payment/binancepay/sharecryptoboxes?registerchannel=293258088532942848&ref=LIMIT_CB2W9UP7&theme=global&_dp=L3dlYnZpZXcvd2Vidmlldz90eXBlPWRlZmF1bHQmbmVlZER5bmFtaWM9dHJ1ZSZuZWVkTG9naW49ZmFsc2UmdXJsPWFIUjBjSE02THk5M2QzY3VZbWx1WVc1alpTNWpiMjB2ZTJ4aGJtZDlMMjE1TDNkaGJHeGxkQzloWTJOdmRXNTBMM0JoZVcxbGJuUXZZbWx1WVc1alpYQmhlUzl6YUdGeVpXTnllWEIwYjJKdmVHVnpQM0psWjJsemRHVnlZMmhoYm01bGJEMHlPVE15TlRnd09EZzFNekk1TkRJNE5EZ21jbVZtUFV4SlRVbFVYME5DTWxjNVZWQTNKblJvWlcxbFBXZHNiMkpoYkE9PQ==) with its price experiencing a 7% drop and the total market cap down to $2.14 trillion. Despite closing April as its worst month since October 2023, analyst Michael van de Poppe suggests that Bitcoin's correction may be nearing its end. However, with the current price at $56,949.15, down 8.68% in 24 hours, Bitcoin has decreased by 20% from its recent highs, potentially signaling further downside. Van de Poppe highlights the $56,000 to $58,000 range as crucial to monitor for potential rebounds or continued decline. While Bitcoin faces uncertainty, altcoins like Ethereum (ETH), Solana (SOL), Binance Coin (BNB), and XRP have also experienced significant drops, with Ethereum facing regulatory challenges from the SEC regarding its classification as an investment contract. Van de Poppe anticipates altcoins may recover before Bitcoin. #BTC
Bitcoin (BTC) is currently navigating through a significant market downturn,
Click Here For Free USDT đŸ€‘đŸ€ź
with its price experiencing a 7% drop and the total market cap down to $2.14 trillion. Despite closing April as its worst month since October 2023, analyst Michael van de Poppe suggests that Bitcoin's correction may be nearing its end. However, with the current price at $56,949.15, down 8.68% in 24 hours, Bitcoin has decreased by 20% from its recent highs, potentially signaling further downside. Van de Poppe highlights the $56,000 to $58,000 range as crucial to monitor for potential rebounds or continued decline. While Bitcoin faces uncertainty, altcoins like Ethereum (ETH), Solana (SOL), Binance Coin (BNB), and XRP have also experienced significant drops, with Ethereum facing regulatory challenges from the SEC regarding its classification as an investment contract. Van de Poppe anticipates altcoins may recover before Bitcoin. #BTC
How can you earn money in the cryptocurrency world? [just one click and claim free USDTđŸ€ź](https://www.binance.com/en/my/wallet/account/payment/binancepay/sharecryptoboxes?registerchannel=293258088532942848&ref=LIMIT_CB2W9UP7&theme=global&_dp=L3dlYnZpZXcvd2Vidmlldz90eXBlPWRlZmF1bHQmbmVlZER5bmFtaWM9dHJ1ZSZuZWVkTG9naW49ZmFsc2UmdXJsPWFIUjBjSE02THk5M2QzY3VZbWx1WVc1alpTNWpiMjB2ZTJ4aGJtZDlMMjE1TDNkaGJHeGxkQzloWTJOdmRXNTBMM0JoZVcxbGJuUXZZbWx1WVc1alpYQmhlUzl6YUdGeVpXTnllWEIwYjJKdmVHVnpQM0psWjJsemRHVnlZMmhoYm01bGJEMHlPVE15TlRnd09EZzFNekk1TkRJNE5EZ21jbVZtUFV4SlRVbFVYME5DTWxjNVZWQTNKblJvWlcxbFBXZHNiMkpoYkE9PQ==) Remember, avoid dealing with contracts! Otherwise, you could lose everything in minutes. In the past, many people who made money in cryptocurrency started with airdrops to get their first earnings. They then invested in promising projects, gradually growing their wealth from nothing to something. This journey can be quick or lengthy. Once you have some earnings, things become easier. Without getting involved in contracts, there are still plenty of opportunities in cryptocurrency. Study projects carefully, seize opportunities, and you could retire comfortably. But remember, stay away from contracts! It's crucial to realize that there's another way to make significant progress, which might be the simplest option for most people. Opportunities abound in the cryptocurrency world, and as long as you're involved, you'll encounter them. Be prepared to seize them when they arise. The 80/20 rule applies everywhere, where a few individuals control most of the resources. Making the right choices matters more than just working hard. I'm grateful for what this field has given me. However, there are pitfalls, especially for newcomers driven by fear of missing out (FOMO). They step into these pitfalls one by one, dazzled by the apparent success of others. They overestimate themselves and their abilities after initial success, only to fall harder later. To newcomers, you can join in, but be cautious of advice from so-called experts. Everyone starts from the bottom
How can you earn money in the cryptocurrency world?
just one click and claim free USDTđŸ€ź
Remember, avoid dealing with contracts! Otherwise, you could lose everything in minutes.

In the past, many people who made money in cryptocurrency started with airdrops to get their first earnings. They then invested in promising projects, gradually growing their wealth from nothing to something. This journey can be quick or lengthy.

Once you have some earnings, things become easier. Without getting involved in contracts, there are still plenty of opportunities in cryptocurrency. Study projects carefully, seize opportunities, and you could retire comfortably. But remember, stay away from contracts!

It's crucial to realize that there's another way to make significant progress, which might be the simplest option for most people. Opportunities abound in the cryptocurrency world, and as long as you're involved, you'll encounter them. Be prepared to seize them when they arise.

The 80/20 rule applies everywhere, where a few individuals control most of the resources. Making the right choices matters more than just working hard. I'm grateful for what this field has given me.

However, there are pitfalls, especially for newcomers driven by fear of missing out (FOMO). They step into these pitfalls one by one, dazzled by the apparent success of others. They overestimate themselves and their abilities after initial success, only to fall harder later.

To newcomers, you can join in, but be cautious of advice from so-called experts. Everyone starts from the bottom
🟡 Bitcoin price wobbles ahead of Fed’s rate [CLAIM FREE USDT](https://www.binance.com/en/my/wallet/account/payment/binancepay/sharecryptoboxes?registerchannel=293258088532942848&ref=LIMIT_CB2W9UP7&theme=global&_dp=L3dlYnZpZXcvd2Vidmlldz90eXBlPWRlZmF1bHQmbmVlZER5bmFtaWM9dHJ1ZSZuZWVkTG9naW49ZmFsc2UmdXJsPWFIUjBjSE02THk5M2QzY3VZbWx1WVc1alpTNWpiMjB2ZTJ4aGJtZDlMMjE1TDNkaGJHeGxkQzloWTJOdmRXNTBMM0JoZVcxbGJuUXZZbWx1WVc1alpYQmhlUzl6YUdGeVpXTnllWEIwYjJKdmVHVnpQM0psWjJsemRHVnlZMmhoYm01bGJEMHlPVE15TlRnd09EZzFNekk1TkRJNE5EZ21jbVZtUFV4SlRVbFVYME5DTWxjNVZWQTNKblJvWlcxbFBXZHNiMkpoYkE9PQ==) decision Bitcoin (BTC) dipped as low as $59,500 on Binance ahead of tomorrow’s Federal Open Market Committee (FOMC) meeting. Market participants are bracing for a hawkish stance from the Federal Reserve (Fed), with expectations set for unchanged interest rates. The CME FedWatch Tool indicates a mere 4.4% of economists predict a rate cut—the first in over a decade—while a dominant 95.6% anticipate rates to hold steady between 525-550 basis points. According to The Kobeissi Letter, current market data indicates a 36% probability that there will be no interest rate cuts this year. Four months ago, the likelihood of maintaining current rates was only about 3%. Expectations have also shifted to just one reduction this year. Previously, the market anticipated six rate cuts. Additionally, the probability of experiencing two or more rate cuts has diminished to 31%. đŸ”ș Stagflation risk Amidst this financial climate, the US grapples with stagflation risks as inflation persists and economic growth slows. The first quarter of 2024 saw GDP growth decelerate to 1.6%, falling short of the 2.2% forecast and down from the previous quarter’s 3.4%. Concurrently, the US Core PCE inflation index climbed from 2.0% to 3.7%. Fed Chair Jerome Powell stated that recent data does not make the Fed more confident, suggesting a longer timeline to regain economic stability. He expressed belief in the adequacy of current policies to navigate the . $BTC #BTC #Bitcoin
🟡 Bitcoin price wobbles ahead of Fed’s rate
CLAIM FREE USDT
decision
Bitcoin (BTC) dipped as low as $59,500 on Binance ahead of tomorrow’s Federal Open Market Committee (FOMC) meeting. Market participants are bracing for a hawkish stance from the Federal Reserve (Fed), with expectations set for unchanged interest rates.
The CME FedWatch Tool indicates a mere 4.4% of economists predict a rate cut—the first in over a decade—while a dominant 95.6% anticipate rates to hold steady between 525-550 basis points.
According to The Kobeissi Letter, current market data indicates a 36% probability that there will be no interest rate cuts this year. Four months ago, the likelihood of maintaining current rates was only about 3%.
Expectations have also shifted to just one reduction this year. Previously, the market anticipated six rate cuts. Additionally, the probability of experiencing two or more rate cuts has diminished to 31%.
đŸ”ș Stagflation risk
Amidst this financial climate, the US grapples with stagflation risks as inflation persists and economic growth slows.
The first quarter of 2024 saw GDP growth decelerate to 1.6%, falling short of the 2.2% forecast and down from the previous quarter’s 3.4%. Concurrently, the US Core PCE inflation index climbed from 2.0% to 3.7%.
Fed Chair Jerome Powell stated that recent data does not make the Fed more confident, suggesting a longer timeline to regain economic stability. He expressed belief in the adequacy of current policies to navigate the .
$BTC #BTC #Bitcoin
"At first, people thought $BTC was just having a small correction and was still in a bull market... until it plummeted below 60,000 💾, 50,000 😬, 30,000 đŸ˜±, 10,000 😹, 5,000 😭... 10 years later, a child asks, "Dad, did Bitcoin really reach 73,777?" đŸ€” You, now a construction worker moving bricks đŸ—ïž, reply with tears in your eyes: "Yes, child, although Bitcoin is only $100 now 💾, Dad really bought it at $73,777" 😭"
"At first, people thought $BTC was just having a small correction and was still in a bull market... until it plummeted below 60,000 💾, 50,000 😬, 30,000 đŸ˜±, 10,000 😹, 5,000 😭... 10 years later, a child asks, "Dad, did Bitcoin really reach 73,777?" đŸ€” You, now a construction worker moving bricks đŸ—ïž, reply with tears in your eyes: "Yes, child, although Bitcoin is only $100 now 💾, Dad really bought it at $73,777" 😭"
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