LATEST: 🇧🇹 Bhutan continues to expand its crypto adoption, having reportedly recently staked 320 ETH through staking provider Figment, with the country also holding $568 million worth of Bitcoin.#BinanceHODLerAT #ETH $BTC $ETH
LATEST: 🔥 Bitcoin reclaimed $90,000 on Wednesday for the first time since Nov. 20, climbing about 12% since reaching near $80,000 last Friday and breaking from typical pre-Thanksgiving price weakness.#USJobsData #BTCRebound90kNext? $BTC
MANY ARE WONDERING IF WE HAVE ALREADY HIT BOTTOM OR IF THERE ARE STILL MORE DROPS TO COME
No one knows that... What happened previously⁉️ Let's take a perspective:
🔹Since 2011 #Bitcoin has had HUGE DROPS even in bull markets ▪️In 2016-17 there were 7 drops of more than -30% ▪️In 2021 it dropped -56% and then marked NEW HISTORICAL HIGHS ▪️Now we are down 36%... Obviously, altcoins always suffer more in these moments
💥The good news: this type of forced selling usually generates QUICK RECOVERIES. 💥Something very similar happened in 2021 and then the strongest rally of that cycle came.
📍At this moment, it is important to remember that extreme volatility is ALSO part of bull markets. 📍We have the U.S. finishing QT and cutting rates, the TGA with a lot of money that could soon flow into the system, Japan and China providing stimulus, Canada in QE and the largest rate-cutting cycle in history... 📍If the MACRO context remains positive, as it seems, this cleanup MAY end up being an opportunity. #USJobsData #BTCVolatility
IF THEY ARE NOT SUSPENDED, THIS DATA FOR THE COMING WEEK WILL IMPACT THE FED'S INTEREST RATE DECISION AND THE FINANCIAL MARKETS
-Taking into account that THEY SUSPENDED the employment report for October and moved the one for November to 12/16 (after the interest rate decision) -Taking into account that THEY SUSPENDED the publication of the GDP for Q3 -Taking into account that THEY SUSPENDED the publication of the CPI
What data from next week will the FED use to guide its interest rate cut⁉️
👉On Tuesday, the PPI INFLATION will be released. It is expected to rise from -0.1% to 0.3% 👉On Wednesday, the PCE INFLATION will be released. It is expected to STAY at 0.2% 👉This data in itself is important, but considering the FEW DATA we will have, it may become much more relevant
👀For now, the odds of an interest rate CUT are 71%. 👀It is key to keep in mind that there are still several days left and that the VOLATILITY in interest rate futures was really high last week (from 27% to 70% in 1 day)
📍A LOWER than expected INFLATION could be POSITIVE for #Bitcoin, #crypto, and the financial markets, as this is what the FED needs to cut the rate 📍The suspension of data in the U.S. is something VERY unusual and typical of a third-world country... It is NOT positive for the financial markets. Let's hope that the publication of the CPI and PPI is not suspended. #BTCVolatility #ProjectCrypto
LAST: 📊 The net flows of Bitcoin and Ethereum ETFs turned positive on Friday, with BTC ETFs recording $ 238.4 million in net inflows and ETH ETFs recording $ 55.7 million, reversing an 8-day red streak for Ethereum products. #BTCVolatility #ETFvsBTC
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💥The SP500 is on track to close in NEGATIVE today, after having opened with a BULLISH GAP of more than +1.4%.
🤯This has only happened 2 times in the ENTIRE HISTORY of the SP500, after the COLLAPSE due to COVID and after the FALL of the "Liberation Day" (announcement of tariffs by Trump)
What happened on these occasions ⁉️
-100% of cases had POSITIVE returns after 1, 2, 3, and 4 days -100% of cases had POSITIVE returns after 1, 2, and 3 weeks -100% of cases had POSITIVE returns after a month
THE MOST VIEWED OF THE WEEK: Bitcoin, the macroeconomy, and the possibility of a new crypto winter. 📉📊
The perspective of expert Jaime Merino (@TradingLatino) indicates that the price of BTC has not yet bottomed out, anticipating a possible additional drop that could bring the asset down to the range of 10,000 USD. This view is based on an analysis of the global macroeconomic context.
🌍 The interest rate policy of the Federal Reserve (FED) of the USA drives the appreciation of the USD, making risk assets like Bitcoin less attractive.
📉 Historically, after a bull market, the price of Bitcoin enters a consolidation phase or "crypto winter", a pattern that, according to Merino, is repeating itself.
🏦 The analysis suggests that the decline could deepen if the DXY (U.S. dollar index) continues its strength against other global currencies, putting downward pressure on the value of assets in the cryptocurrency infrastructure. #BTCVolatility #USJobsData #criptonews #USDT