The Trump assassination attempt is very sad indeed. Leaving one innocent killed.
Macro wise this has increased chances of Trump to be next president. Crypto markets likely to pump hard next week.
MW
U.S. JUN. CORE PPI (MOM): 0.4%, [EST. 0.2%, PREV. 0.3%]
U.S. JUN. CORE PPI (YOY): 3.0%, [EST. 2.5%, PREV. 2.3%]
U.S. JUN. PPI (MOM): 0.2%, [EST. 0.1%, PREV.-0.2%]
U.S. JUN. PPI (YOY): 2.6%, [EST. 2.3%, PREV. 2.2%]
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$BTC Failed to break higher post-CPI and back within the range. Bulls are weak even with good CPI print. This terrible chart - If 59k is not reclaimed soon, it will go for the lows with a likely destination at 52k. #Bitcoin
MW
Macro events Update
We are closing in on the July 15 ETH ETF approval and Macro release today (CPI and Unemployment) making market volatile for rest of the week.
BULLISH scenario - Softer CPI data and greater unemployment could lead Fed to do rate cuts from September. This could finally break the 59k barrier of Bitcoin.
BEARISH scenario - Unemployment data less than consensus.This gives Fed nothing to hurry with rate cuts. Might push Bitcoin to new lows.
MW
New lows incoming #Bitcoin
Asia session breakout failed as lack of follow through bids and rejected off yearly VWAP.
Next support level is 52k.
$BTC LTF Analysis
After yesterday's sellers trap at 55k, #Bitcoin continues grinding higher and is currently accumulating just under 58k. GG if you caught the long.
This vertical accumulation just under the 58k resistance looks like we will get a breakout to 62k this week.
Bottom is in unless BTC sharply breaks down 55k.
$ETH ETF news brought spot bidders, in order to break 57k, continuation of spot bids is essential. If 57k is broken 62k will be quick.
Keeping an eye on US open.
JUST IN: 🇩🇪German Government transferred 500 #Bitcoin to Coinbase and Bitstamp exchanges
Читать полностью…UST IN: 🇺🇸 Senator Cynthia Lummis says US Government #Bitcoin reserves can help strengthen the dollar.
Читать полностью…On July 11, the total net inflow of Bitcoin spot ETFs was 78.9343m, and the net inflow continued for 5 days. Grayscale ETF GBTC had a single-day outflow of 37.6929m. BlackRock ETF IBIT had a single-day inflow of 72.0934 million US dollars. Fidelity ETF FBTC had a single-day inflow of 32.6897m
Читать полностью…⚠️ #Bitcoin Alert: German Government Down to Less Than 10% of Seized BTC ⚠️
In the last hour, 5,000 $BTC ($286.44M) were sent to Flow Traders, Coinbase, Kraken, Bitstamp, and more.
Today's total: 10,627 BTC ($615.33M)
Current holdings: 4,925 BTC ($283.67M), less than 10% of what was seized from Movie2k.
On June 17th, they had 49,860 BTC.
As of today, only 4,925 BTC remain.
German Goverment started selling Bitcoin on July 10th. At 17:09 UTC+8 today, it has transferred a total of 1,250 BTC to Kraken and Coinbase, 536.108 BTC to Cumberland DRW, 1,127.281 BTC to Flow Trades, 1,500 BTC to the suspected B2C2 Group: 139PoP…H7ybVu, and 690 BTC to the unmarked address: bc1qu3…guzr4j
Читать полностью…Okex whales buying during Asia hours broke 58k resistance, probably next destination 62k.
Читать полностью…FED CHAIR POWELL SAYS `INFLATION IS NOT THE ONLY RISK WE FACE'
POWELL: `MORE GOOD DATA' WOULD BOOST CONFIDENCE ON INFLATION
FED'S POWELL SAYS LABOR MARKET IS STRONG BUT NOT OVERHEATED
On July 8, the total net inflow of Bitcoin spot ETFs was $295 million. Grayscale ETF GBTC received $25.0753 million in a single day, BlackRock ETF IBIT received $187 million in a single day, and IBIT's total net inflow has reached $17.926 billion. Fidelity ETF FBTC received $61.5378 million in a single day, and the total net asset value of Bitcoin spot ETFs is currently $49.32 billion.
Читать полностью…