👀🗣 #BTC greyscale: Inflation is trending down, giving the Fed room to cut interest rates.
Fed rate cut will weaken the dollar and support Bitcoin
Fed rate cut will weaken the dollar and support Bitcoin
🤔 #BTC Growth Rate shows the difference between changes in Market Cap and Realized Cap. Positive values suggest MC is growing faster than RC, indicating investor optimism.
Thresholds >0.002 indicate an overheated market likely needing a price correction. Now = 0.001
Thresholds >0.002 indicate an overheated market likely needing a price correction. Now = 0.001
🇺🇸🗣 Fed #FOMC:
- It is not appropriate to reduce the rate yet;
- We need more confidence that inflation has moved onto a trajectory of stable decline:
- The inflation rate is still high;
- Predict one rate cut of 0.25% this year and by another 1% in 2025:
- Economic activity continues to grow at a strong pace.
- It is not appropriate to reduce the rate yet;
- We need more confidence that inflation has moved onto a trajectory of stable decline:
- The inflation rate is still high;
- Predict one rate cut of 0.25% this year and by another 1% in 2025:
- Economic activity continues to grow at a strong pace.
📊 #BTC One of the market's issues is the net average short position on the CME of -$1 billion. To address this, it's necessary to double the purchases on the spot market, or drop lower to generate short liquidity for forming a strong bullish momentum that can break through the $73K.
📊 #BTC Glassnode: The US government, miners and other large organizations hold a total of approximately 4.23 million BTC, representing 27% of the total adjusted amount of BTC in circulation.
🇺🇸👀 #macro According to FedWatch, markets are now expecting 2 rate cuts before the end of the year
👀 Biden Campaign in Talks to Accept Crypto Donations Through Coinbase Commerce. theblock.com