BITCOIN IS “GROSSLY UNDERVALUED” AS BIG WEEK UNFOLDS—ARE YOU READY? 🚀

Crypto traders, buckle up! This week is gearing up to be intense, and all eyes are on Bitcoin. With massive potential swings ahead, will BTC prove its value or take a hit? 🌪️

MARKET OVERVIEW ⚖️

- Bitcoin stayed between $54,000 and $55,000 over the weekend, despite low trading activity.

- Over $220 million in long positions were liquidated on Friday, adding more pressure.

- Major tokens like ETH, SOL, ADA, and XRP saw minor gains, while memecoins like NEIRO soared 25%.

BITCOIN SECURITY AT AN ALL-TIME HIGH 🔐

Traders from Presto Research believe Bitcoin is undervalued right now.

- Bitcoin’s hashrate hit a record high of 679 EH/s, making it the most secure network ever.

- This kind of network strength could mean BTC’s price is due for a bounce, according to analysts Peter Chung and Min Jung.

UPCOMING EVENTS TO WATCH 👀

This week will be pivotal with two big factors:

- Consumer Price Index (CPI) figures drop on Wednesday.

- Producer Price Index (PPI) data releases on Thursday.

These U.S. economic indicators could stir up the market, just in time for the first Trump-Harris debate on Tuesday, where both sides might discuss crypto policy. Could this be the push Bitcoin needs? 📈

WHAT’S NEXT FOR CRYPTO?

Expect high volatility in the crypto market as these key events unfold. Will Bitcoin’s strong fundamentals lead to a bullish breakout, or will the macroeconomic headwinds continue to weigh it down?

Stay tuned for what could be a wild ride ahead! 🌟

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