#GDPSteadyPCE2.1Down $BTC
Nearly $9.7 billion in new stablecoins have been minted in the past 30 days, with the majority flowing directly into centralized exchanges. This substantial inflow mirrors the total capital movement in stablecoin assets, highlighting their critical role in driving market activity.
The significant increase in exchange stablecoin balances indicates strong speculative investor sentiment, suggesting continued bullish momentum following recent market and political developments.
I always hold some $BTC in my portfolio as a solid base.
In the long run, it’s by far the easiest coin to hold and it sees good returns each cycle.
It will also be the first thing I’m buying in the next bear market, whenever that may be.
Altcoins tend to run later in the cycle and there’s no need to try and knife catch those when times are still uncertain.
But for now, let’s enjoy the bull that’s still ahead of us. Just don’t forget to take profits along the way! :)
⭐️The U.S. announced that the annualized quarterly rate of real GDP in the Q3 was revised to 2.8%, which was expected to be 2.80% and the previous value was 2.80%.
The annualized quarterly rate of the core PCE price index in the Q3 was revised to 2.1%, which was expected to be 2.2% and the previous value was 2.20%.
The number of initial jobless claims in the United States for the week ending November 23 was 213k, which was expected to be 216k.