đ Market Update: After a quiet week, increased volatility is expected. In the crypto sphere, outflows from Grayscale's spot Bitcoin ETF are slowing while inflows are rising, likely to continue ahead of the Bitcoin halving in 20 days. Uncertainty remains regarding institutional investors' response to the halving, but Bitcoin whales are already accumulating, suggesting potential BTC gains.
On the macro side meanwhile, there will be a trove of economic data released next week, mostly related to employment. A bunch of Fed officials will also be speaking, effectively providing a real-time reaction to this data. Chances are that they will stick to their dovish tone, so it should have a neutral to positive effect on crypto and stocks, extreme data surprises notwithstanding. . #Crypto #Bitcoin #MarketUpdate đ$BTC $ETH $SOL #FET
