#BTC #Crypto #Altseason. Many people ask themselves and then me 🥸 the question why altcoins are not growing. This chart clearly shows that bitcoin is at -8% percent from its high and altcoins are averaging -80%. The entire current mini-altcoin season has been dragged by the inertia of the hype around the launch of spot bitcoin ETFs, as such there has been no altcoin season yet. But it may start with the launch of spot etherium ETF trading. Stay tuned.
#BTC $BTC #Bitcoin Hey, guys. Today's rise is due to the release of macro data on slowing inflation in the US. That in turn gives additional hopes and expectations of investors about the reduction of the prime rate of the U.S. Federal Reserve, at the moment the market expects the first reduction with 15% probability in July and with 80% probability at the September meeting (according to futures on federal funds). What's next for bitcoin? A decline in inflation could be a good opportunity for continued growth, but it requires a break of the sideways trend. By the way, in the weekly review I considered such an option. Stay tuned.