Last night, Fed officials also gave their own views. At the macro level, it is not optimistic. It is now May 2024, and the market is even worried about rate hikes;
Fed Logan said there are important upside risks to inflation. It is too early to consider rate cuts. We need to be flexible in policy.
Fed Governor Bowman said we need to keep policy stable for a longer period of time. Fed Bostic said that although the timing is uncertain, he still believes that the Fed will cut interest rates once this year. Optimistic inflation relief will continue, although returning to the Fed's 2% target may take until the end of next year or early 2026. There is less consideration of the extent of this year's rate cuts, and more focus on ensuring that policy easing begins at the right time.
SAGA's price fluctuates between $2.7 and $2.9 due to the owner's controlling actions. They have a plan that involves increasing the daily supply of coins, which typically lowers the value because more coins become available regularly. If they stopped increasing the supply for a week, the price could potentially rise to $4-$6. Many investors are frustrated with the owner's tactics, especially if they bought in at a higher price like $4.31. It's best to hold onto the coin for now and consider buying more only if the price drops below $1.5.
"Satoshi Nakamoto Plan" Tweet About Crashing Banks Published by Max Keiser:
U.Today - Renowned Bitcoin maximalist Max Keiser has commented on the news of the U.S. banking sector “entering a new dark age.” He believes that this may be happening in accordance with what Satoshi Nakamoto may have predicted when building Bitcoin 16 years ago.
"Exactly as Satoshi planned it" Sternlicht said he expects U.S. regional and community banks to begin to fail one or two each week. There are over 4,000 of those banks around the U.S.
The main reason for this, according to Sternlicht, is that the Federal Reserve has been raising interest rates and now it will not start cutting them down – that was announced during the recent FOMC meeting. Therefore, among those who will “get whacked” will be the real estate sector and local banks working with it. Similarly to 2009, real estate loans are likely to suffer now, the billionaire expects.
Overall, experts believe that currently the U.S. Fed Reserve is stuck between allowing a banking crisis (if they keep the rates high) and permitting inflation to grow stronger and out of control (if they begin to loosen interest rates). Therefore, high rates will keep inflation more or less tamed while crucial sectors of the economy, which have a strong dependency on loans, are unable to survive in a higher-rate environment, even if they seem strong enough for that at first glance.
Max Keiser believes that this is going “exactly as Satoshi planned it.”
Keiser supports "crash predictions" by Robert Kiyosaki Kiyosaki advocated investing in Bitcoin, as well as in physical gold and silver, predicting that the prices of these assets are going to skyrocket in the near future. In particular, Kiyosaki tweeted this year that he expects BTC to hit $100,000 by September.
Bitcoin's future remains uncertain as bulls and bears vie for control, according to Glassnode founders Jan Happel and Yana Allemann. Despite this, whales continue to buy, with roughly $941 million worth of Bitcoin purchased in a 24-hour period. Twitter co-founder Jack Dorsey predicts Bitcoin could exceed $1 million by 2030.
Meanwhile, Ether, BNB, Solana, XRP, Toncoin, Dogecoin, Cardano, Avalanche, and Shiba Inu all show varying levels of volatility, with some showing signs of potential rallies and others indicating possible downturns. Traders are advised to conduct their own research before making investment decisions. #ETFvsBTC #BinanceLaunchpool
BENQI is a decentralized non-custodial liquidity market protocol on Avalanche. It scales DeFi with a suite of yield-generating products. The platform offers a Lending and Borrowing Market, with Liquid Staking in development. Users are able to borrow and lend tokens, participate in network governance and staking.
GDA, partnering with YPF Luz, launches a Bitcoin mining center in Argentina using recycled flared gas, showcasing environmental benefits.
Genesis Digital Assets Limited announces a new data center in Argentina, powered by YPF Luz, amid its global expansion.
The first South American facility, located in Rincon de los Sauces, Neuquén province, will utilize gas from the Bajo del Toro thermal plant. Argentina's energy abundance and cryptocurrency enthusiasm make it a key player in Bitcoin mining.
GDA's move highlights the potential for Bitcoin mining to reduce greenhouse gas emissions through methane reuse.
Abdumalik Mirakhmedov, CEO of GDA, emphasizes Argentina's significance for Bitcoin mining and environmental impact.
Asia's #MicroStrategy Metaplanet Tops up Bitcoin Portfolio in Latest Purchase;
Metaplanet Inc, a Japanese publicly traded firm that hopes to recreate the legacies of MicroStrategy in Asia, has acquired another tranche of Bitcoin (BTC). In an announcement shared on X, the firm has acquired a new tranche of 18.8698 BTC.
The purchase was made on April 23, and it is valued at an aggregate amount of 200 million yen ($1.2 million). With this acquisition, the firm’s total Bitcoin holdings now come in at 117.7217 Bitcoin worth 10,193,536 yen per BTC. This Bitcoin bag is worth 1.2 billion yen, or $7,708,020.
When Metaplanet started acquiring Bitcoin back in April, it triggered positive sentiment in Asia’s investment landscape. This sentiment was ignited in the United States back in August 2020, when MicroStrategy made its first Bitcoin purchase. Today, MicroStrategy is the second-largest corporate holder of Bitcoin after BlackRock Inc (NYSE:BLK).
Under the leadership of its Chairman Michael Saylor, MicroStrategy stacks Bitcoin regularly. Its last buy-up came in March when it acquired 12,000 BTC for $821.7 million. At the moment, the firm now holds a total of 214,246 tokens valued at around $14 billion. As U.Today reported earlier, MicroStrategy’s unrealized gain on its Bitcoin bet now comes in at $6.2 billion.
MicroStrategy’s aggressive approach involves selling Convertible Senior Notes with the proceeds injected into the asset. Thus far, the move has paid off, and it remains unclear how long Metaplanet plans to sustain its strategy.
Since Metaplanet joined the Bitcoin bandwagon, the price of BTC has generally slumped amid erratic sell-offs. However, with new mainstream firms reporting Bitcoin bets, bullish optimism has largely returned to the market. At the time of writing, the coin is seeing a mild recovery, up 3.14% in 24 hours to $62,907.50. With Metaplanet borrowing MicroStrategy’s playbook, it is likely to record similar bullish returns in the long term.
Robinhood's crypto transaction revenue soars 232% from a year ago: CNBC Crypto World.
CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Lou Frangella, head of brand partnerships at Kraken, discusses why the crypto exchange is looking to Formula 1 fans to boost crypto adoption.
Binance has Announced $NOT Coin LAUNCHPOOL Which requires BNB and FDUSD in the upcoming event in which indicates a bullish sentiment on BNB and TON coin.
So I highly suggest keep an eye on the said coins coz it might pump starting from now.
To all new crypto traders / investors before you invest do your own homework, normally now days the first the first time people hear about crypto they hear #SHIB #PEPE #FLOKI #WIF 😅all of this useless memes have MarketCap from $2 Billion up to $15 Billion fully Fully diluted market cap. 😵💫
While on the otherside you have tokens at $100 Million MarletCap like $PHB $FRONT and other multiple undervalued tokens with real usecases and big potential. #CryptoWatchMay2024 #RNDR #BlackRock $SHIB $PEPE
Saga (SAGA): Leading the pack is Saga Chain, offering limitless scalability with its Layer 1 network. Developers can create "Chainlets," empowering web3 gaming. Despite facing resistance, Saga's price is predicted to soar between $3.38 to $16.58 by 2024, showcasing its immense growth potential.
Shiba Inu (SHIB): Positioned as the Ethereum-based counterpart to Dogecoin, SHIB has surged within the dog-themed crypto ecosystem. With a remarkable 148% increase in the last year, SHIB's current price of $0.00002478 makes it a strong contender for a 100x explosion by 2025.
Tron (TRX): Transitioning from Ethereum to its own blockchain, Tron addresses scalability and transaction fee concerns. With a 77% increase in the last year, TRX is forecasted to reach $0.601859 next year, showcasing its potential for significant growth.
Cardano (ADA): Recognized for its fast transactions and scalability, ADA stands out as an environmentally friendly option. Projected to surge by 420.94% by 2025, ADA's recent 19% increase in the last year and 3.15% rise in the last 24 hours highlight its promising investment potential.
VeChain (VET): Renowned for its secure blockchain infrastructure, VeChain initially focused on supply chain management. With support for smart contracts, NFTs, and DApps, VET has surged by 77% in the last year. Its price prediction of $0.137656 for next year suggests further upward momentum.
$BTC ....Big Update.....Very important .... BTC is on a very important stage.
we hope that btc will pump from here after a little retest.
Right now btc is above the resistance line which is very important. if btc will make a good volume candle above this resistance line then we can see the pump in all coins. But if BTC dump then once again all market will dump. So always do your own research and take trade.
if you want to join m community for free then Comment Below Your Whtsap Kontact I will DM you.