Bitcoin was unable to overcome the upper limit of the range and is now heading towards the lower, currently below 64K.
The external background is neutral - the ETH ETF will most likely begin trading in July, the dollar index is below 103.7, the S&P 500 is in a slight minus.
But an imminent rate cut is in jeopardy. At first, Trump said that the rate should not be reduced before the elections. Then the IMF said that the US should not cut rates until the 4th quarter of 2024. It is also necessary to take measures to reduce public debt.
Considering that the IMF, as a structure, is completely under the control of the United States, an interesting game is unfolding. For completeness, it remains that the rating agencies lowered the US credit rating due to the debt situation.
It is interesting now to compare Bitcoin and fiat.
Fiat - generated from thin air. The number is constantly increasing. In recent years it has been like an avalanche.
Bitcoin - it is known how much there will be until 2140. The number is constantly decreasing.
I am not yet touching on the topic of centralization and the possibility of blocking.
The CEO of Satoshi Action Fund reports that Donald Trump will announce the creation of a US strategic bitcoin reserve in Nashville. What it is is not yet clear, but it sounds interesting.
