After three years, Keith Gill, a well-known individual investor, returned to social media. His well-known event was the "stock price war" between American individual investors and Wall Street institutions in GameStop in 2021. According to a Reuters survey, 70 of 108 economists believed that the Federal Reserve would cut interest rates by 25 basis points in September, while 54 of 100 economists in the April survey believed that the Federal Reserve would cut interest rates by 25 basis points in September; 65 of the 108 economists said that the Federal Reserve would cut interest rates by 50 basis points in 2024, 17 believed that it would exceed 50 basis points, and 1 economist said that there would be no interest rate cut.
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JPMorgan Chase plans to open its permissioned blockchain Onyx to allow third parties to deploy applications. Stephanie Lok, vice president of JPMorgan Chase, said that the Onyx blockchain has now processed more than $1 trillion in nominal transactions and up to $2 billion in transactions per day. El Salvador published the BTC Treasury website. El Salvador currently holds 5748.76 BTC with a market value of approximately $352 million. Apple is close to reaching an agreement with OpenAl to apply ChatGPT to iPhones. The "AI reform" proposed by Masayoshi Son of Japan's SoftBank Group (SBG) has begun to take off, and the investment amount is expected to reach up to 10 trillion yen (about 464.09 billion yuan). Microsoft and other US companies are also making huge investments in the field of AI, showing a pattern of global technology giants entering the growth field of AI. SoftBank's Vision Fund investment lost 57.53 billion yen in the fourth quarter. JPMorgan Chase holds a BTC spot ETF position worth approximately $760,000. Many US and European institutions, including insurance giant MassMutual and BNP Paribas, have disclosed their layout of spot BTC ETFs. Among them, Susquehanna International Group is one of the companies that invests the most in spot BTC ETFs, holding a total of $1.3 billion in BTC ETFs. Top hedge fund management company Bracebridge Capital released its first quarter 13F holdings report, holding spot BTC ETFs worth $371 million, and is the largest holder of IBIT and ARKB. According to bitinfocharts data, ETH's GAS fee has fallen 93.7% in the past 68 days since March 5, 2024, from $30.33 to $1.91. Fortune Crypto disclosed that State Street Bank's Chief Product Officer Donna Milrod said that State Street Bank, the second oldest bank in the United States, is eager to enter the cryptocurrency field. As the world's largest custodian, State Street Bank will be the best and safest choice for large financial institutions such as BlackRock to protect BTC. Timothy Peterson, founder of Cane Island Alternative Advisors, said that the decline in prices from the historical high (ATH) chart as an indicator of BTC's current price By early 2025, the price may rise nearly six times, and it is speculated that the peak of the cycle in the next nine months will be between $175,000 and $350,000.
Bitfinex analysts believe that BTC's recent weakness occurred against the backdrop of a surge in the US dollar and weakening expectations of rate cuts. This calm trend may continue until early summer. It is expected that in a low-volatility environment, the market will still be uncertain in the short term until the actual reduction of QT (quantitative tightening policy) in June. After three years, Keith Gill, a bull retail investor, returned to social media. His well-known event was the "stock price war" of GameStop between American retail investors and Wall Street institutions in 2021. At that time, many institutions shorted GameStop, and retail investors confronted head-on, causing GameStop's stock to be circuit-broken 17 times and rise more than 100 times. Citron, a well-known short-selling institution, suffered losses due to bearishness and even changed its investment strategy, saying that it would no longer play the short-selling game in the future and focus on opportunities to go long. The currency market is also hot in 2021. On May 13, GameStop triggered circuit breakers five times, and rose more than 110% before the circuit breaker. The Nasdaq index rose 0.2%, BTC rose 2%, and the spot BTCETF rose 3.3%. BlackRock submitted a 13F U.S. stock holdings document showing that it continued to increase its holdings of well-known technology stocks such as Amazon, Microsoft, Nvidia, MetaPlatforms, and Tesla in the first quarter. JPMorgan Chase submitted a 13F U.S. stock holdings document showing that it increased its holdings of star technology stocks such as Apple, Microsoft, Nvidia, Meta Platforms, and Google in the first quarter. Morgan Stanley said that regardless of the results of this week's CPI data, the bank is confident that the U.S. inflation rate will show a downward trend throughout the year. "Therefore, the question is only when the Fed will cut interest rates, not whether it will cut interest rates." Housing inflation accounts for 40% of the core CPI, which is on a downward trend. Economists at major U.S. banks such as Citi, Goldman Sachs and Morgan Stanley believe that U.S. economic growth will slow, pushing inflation further to ease, thus enabling the Fed to start cutting interest rates in July. Fed's Goolsbee said that although recent data showed that price pressures had risen at the beginning of this year, there is not much evidence that the inflation rate is stagnating at 3%.
According to a Reuters survey, 70 of 108 economists believe that the Fed will cut interest rates by 25 basis points in September, while 54 of 100 economists in the April survey believed that the Fed would cut interest rates by 25 basis points in September; 65 of 108 economists said that the Fed will cut interest rates by 50 basis points in 2024, 17 believed that it would exceed 50 basis points, and 1 economist said that there would be no rate cut. According to the Fidelity Investments report, BTC's annual volatility has dropped to 44.88%, which is lower than 33 of the approximately 500 companies in the S&P 500 index (well-known technology stocks such as Tesla, Meta and Nvidia have an annual volatility of more than 50%), showing its stability. With the approval of multiple BTC spot ETF products in the United States, it is expected that important institutional investors will join in the next few months. Robert Mitchnick, head of digital assets at BlackRock, said: In the coming months, we may see sovereign wealth funds, pension funds, and endowment funds trading BTC spot ETFs. Institutional investors usually have strict risk management regulations, and low-volatility asset classes are more in line with their investment strategies. Charles Edwards, founder of hedge fund Capriole Investment, said that BTC is currently in the most boring consolidation phase, which may last one to six months until market participants lose patience and market sentiment reaches its lowest point before consolidation ends. These behaviors and short forces will peak before a big rise. BTC is in the most boring consolidation phase, and people's interest is waning. Powell spoke on Tuesday and the inflation CPI was released on Wednesday. Through the guidance of Powell's voice and CPI inflation data, we can further analyze the trend of interest rate cuts and judge the end of the adjustment of the big cake. The rise ends with the noise of people, and the fall ends with silence. After this lonely time, we will enter the next climax time. #BTC走势分析 #ETH
