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Here’s a Reasonable Solana (SOL) Price Target for Next Bull Run, According to Ex-Goldman Sachs Executive Raoul Pal #Solana📈🚀🌐 #SolanaInsights $SOL

Here’s a Reasonable Solana (SOL) Price Target for Next Bull Run, According to Ex-Goldman Sachs Executive Raoul Pal

#Solana📈🚀🌐 #SolanaInsights $SOL

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#bitcoin $BTC Payrolls-Led Bitcoin, Ether Price Swoon Is 'Buy the Dip' Opportunity, Crypto Trading Firm Says Bitcoin (BTC) and ether (ETH) have lost steam since Friday's hotter-than-expected U.S. jobs data damped hopes for a Federal Reserve interest-rate cut in September. The post-report price swoon in the two largest cryptocurrencies offers a good opportunity to pick up bargains, according to QCP Capital, a Singapore-based trading firm. Friday's non-farm payrolls data showed the U.S. economy added 272,000 jobs in May, way more than the 185,000 estimated and well ahead of April's downwardly revised 165,000. While the jobless rate ticked higher to 4%, average hourly earnings, the sticky inflation component, rose 0.4% month-on-month, above the expectation of a 0.3% rise. Markets immediately trimmed the probability of a 25 basis-point Fed rate cut in September to 60% from 85%, sending risk assets, including cryptocurrencies, lower. JPMorgan and Citi scrapped forecasts for a Fed rate cut in July, while some observers put rate increases or additional liquidity tightening back on the agenda. Bitcoin, which looked primed for a breakout above $72,000, fell almost 3% to $68,400, according to CoinDesk data. Ether and the CoinDesk 20 index followed bitcoin's lead.QCP Capital said the Fed will have trouble keeping rates elevated while other central banks reduce borrowing costs."Strong upside surprised on NFP (272K vs 182k), higher payrolls came with higher unemployment (3.9% to 4.0%). It was confusing enough to trigger a risk-off ahead of U.S. inflation numbers and FOMC," the firm said in a market update. "We agree that this is a good opportunity to buy the dip as the markets will increasingly price in at least one Fed rate cut from here. It will be difficult for the U.S. to ignore as the rest of the world continues to cut rates," QCP Capital said. The European Central Bank and the Bank of Canada cut rates last week, leading the Group of Seven (G7) to start a so-called easing cycle. According to MacroMicro,
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