According to Tom Lee, founder of Fundstrat Global Advisors, the stock market is poised to continue its rally due to easing inflation and investor caution. Inflation on the Decline Lee believes inflation is falling faster than expected, which will allow the Federal Reserve to cut interest rates this year. This will benefit the stock market…
Legendary trader Peter Brandt sees a familiar pattern in Bitcoin’s recent behavior, suggesting a potential rally to $80,000. However, he warns of a correction afterward, a common occurrence in Bitcoin bull markets. Bitcoin’s Bullish Momentum Brandt’s chart analysis shows a diagonal resistance level that Bitcoin is threatening to break. This could trigger a rally, pushing…
Demand from Whales and Long-Term Holders CryptoQuant analysts have found that the upcoming Bitcoin halving in April is no longer the main factor driving the price of BTC. Instead, demand from large-scale investors (whales) and long-term holders is now the primary force pushing the price up. Permanent Holders Outpacing Issuance For the first time ever,…
Inflation Data Concerns The Consumer Price Index (CPI) data release on April 10 is expected to show a rise in inflation. This could prompt the Federal Reserve to raise interest rates, which is typically bearish for Bitcoin. Investors are cautious ahead of the report, leading to a decline in Bitcoin’s price. Spot Bitcoin ETFs Spot…
Bitcoin, the crypto king, has been on a wild ride lately. It almost broke its record high over the weekend, but then it suddenly dropped below $70,000. This has investors wondering if it’s still possible to reach $80,000. Weekend Gains Wiped Out Just a few days ago, Bitcoin was soaring to near-record highs of over…
Market Fluctuations Bitcoin has been experiencing some ups and downs, hitting $72,500 on Monday before dropping below $70,000 on Tuesday. This is likely due to investors being cautious ahead of the release of US inflation data today. However, Bitcoin has since recovered slightly and is now trading above $69,400. Hong Kong’s ETF Launch Hong Kong’s…
Key Findings The latest US Consumer Price Index (CPI) data shows inflation is rising faster than expected. Both headline and core inflation rates increased by 0.4% month-over-month. Year-over-year core CPI remains at 3.8%. Market Reactions The crypto market reacted with a swift downtrend, with Bitcoin (BTC) initially dropping by 2.7%. Altcoins have also seen significant…
The crypto market is getting wrecked, with Bitcoin dropping below $70,000. And meme coins like Dogecoin and Shiba Inu aren’t immune. Big Drop for Meme Coins Both Dogecoin and Shiba Inu have lost over 5% in the last 24 hours. Why? Because the crypto market follows Bitcoin’s lead. When Bitcoin goes down, everything else goes…
The Naming Confusion Ripple and XRP have a shared history. XRP was once known as “ripples” before its current name. This has led to confusion, with some people mistakenly believing they are the same thing. The recent debate about the naming issue started when Australian attorney Bill Morgan pointed out that the Australian Crypto Convention…
Grayscale Investments’ CEO, Michael Sonnenshein, says that the company’s Bitcoin Trust (GBTC) is reaching a balance point after a period of heavy outflows. Outflows Easing GBTC has seen over $15 billion in outflows in the past three months. However, the rising value of Bitcoin has helped to cushion Grayscale’s assets under management (AUM), which have…
