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🚨 Inflation data could be the key to Bitcoin’s next major price surge, according to a leading crypto analyst. 👀
Bitcoin’s price movements may seem random, but critical drivers like inflation are at the heart of its behavior, says Markus Thielen, head researcher at 10x Research. According to Thielen, Bitcoin will need to see a slowdown in U.S. inflation when the Consumer Price Index (CPI) results are released next month to consider surpassing its all-time highs from March.
“If inflation prints 3.3% or lower, Bitcoin should make a new all-time high,” Thielen stated in a May 29 report, ahead of the U.S. Bureau of Labor Statistics (BLS) releasing the CPI results on June 12. This would represent a slight decrease from the previous CPI result of 3.4% reported on May 15.
Thielen anticipates that, in the weeks leading up to the May CPI release, spot Bitcoin exchange-traded funds (ETF) inflows will “remain strong” in anticipation of favorable inflation data. However, if CPI results exceed expectations, momentum could weaken, as has been observed earlier this year.
Spot Bitcoin ETF Inflows and CPI Impact
Since May 13, spot Bitcoin ETF inflows tracked by Farside data have been positive daily, peaking on May 21 with $305.7 million in inflows. Thielen argues that Bitcoin’s price movements are not random but are influenced by critical drivers, with inflation being a primary factor.
Throughout this year, Bitcoin’s price has often declined following higher-than-expected CPI results. For instance, on April 10, when the CPI printed at 3.5%, just 0.1% higher than expected, Bitcoin’s price dropped 6.67% to $56,000 by April 30.
Historical CPI Influence on Bitcoin
Thielen highlighted that when spot Bitcoin ETFs launched on January 11, there were substantial inflows of $611 million on the first day. However, the rest of January’s inflows were disappointing, largely due to CPI results exceeding expectations. The CPI came in at 3.4%, higher than the expected 3.2% and the previous month’s 3.1%.
“It is no coincidence that Bitcoin was weak in January, stronger into March, but then consolidated for two months,” Thielen noted.
As the crypto market awaits the next CPI release on June 12, all eyes will be on whether inflation data meets or falls below the critical 3.3% mark, potentially paving the way for Bitcoin to achieve new heights.
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Pepe Coin's chart is making serious moves, with head & shoulder patterns emerging across multiple time frames. This pattern is showing up in the one-hour, two-hour, three-hour, and even the one-day charts!
$PEPE
⚠️ Be Cautious! If you're considering investing in Pepe, it's crucial to do your homework and analyze these trends thoroughly. A head & shoulder pattern can signal potential reversals, so tread carefully.
Calling all Pepe enthusiasts
If you have any insights, updates, or tips about Pepe Coin, share them in the comments below. Let's keep our community informed and ahead of the game.

Stay sharp and make smart moves, HODLers. Together, we navigate the crypto waves! 🌊🚀

Thanks and much love! ❤️
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$BTC $ETH $BNB
Hong Kong authorities have officially banned unlicensed cryptocurrency exchanges within the jurisdiction. This move aims to enhance regulatory oversight and protect investors by ensuring that all operating exchanges meet stringent licensing requirements. Stay tuned for more updates on this significant regulatory development. #HongKong #Crypto #Regulation #Blockchain #btc $BTC

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What to Do? The rise has been almost a week! Let's break it down.
NOT is the most widely held coin after BTC and boasts massive average daily volumes, ranking high among meme coins. Its market cap is currently about 14 times smaller than DOGE, 9 times smaller than SHIB, nearly 4 times smaller than PEPE, and almost 2 times smaller than BONK. NOT isn't just a meme coin; it's an entire future ecosystem with hundreds of applications. NOT could surpass DOGE and here's why:
1. Notcoin is extremely popular, with Telegram attracting over 35 million users. There was a time when people talked about Bitcoin without understanding it, but they knew of it. A product that many people know about becomes valuable, especially if people are buying and wanting it.
2. Notcoin can't be mined anymore; only 22% of NOT is left for new users and 2 mining phases. Tokens are being burned, which will increase the price.
3. Most of it has already been sold, and the price is unlikely to drop to the ATL values we saw after listing.
⚡ But remember, constant growth doesn't happen without price corrections. Sooner or later, the price will drop to correct before rising again. 🚀
Subscribe to stay updated!
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🚀💰 Dive into the fascinating world of Jesse Lauriston Livermore, the "Boy Plunger" who became the legendary trader of his time! 🌟
Did you know that Livermore, born in 1877 in Shrewsbury, Massachusetts, to a farming family, already displayed an exceptional talent for numbers at a young age? At just 14, he left his rural life to embark on a promising career in a Boston brokerage firm publishing stock quotes. 📈💼
At age 15, Livermore became an accomplished trader, making his first $1,000 (about $30,000 in today's money). His uncanny ability to read market trends earned him the nickname "Boy Plunger." 🧠💥 From writing quotes on a chalkboard to making bold trades in bucket shops, his precocious genius continued to shine.

Crypto ETP: This Firm Slashes Bitcoin & Ether ETP Fees To Zero
Crypto ETP: Global X is temporarily cutting its fees for the Bitcoin and Ethereum ETPs to zero, aiming to boost investor interest amid rising global appetite.
A leading asset management firm has announced a bold move to cut down fees for its Bitcoin and Ethereum crypto exchange-traded products (ETPs) to zero. Meanwhile, this update has sparked significant market interest, especially given the growing global appetite for these investment instruments in recent days.
According to a recent report, this fee reduction is set to last until January 3, 2025, after which a modest fee of 0.29% will be implemented.
Global X Cuts Crypto ETP Fees To Zero
Global X ETFs, a U.S.-based exchange-traded fund provider owned by South Korea’s Mirae Asset, is temporarily eliminating fees for its physically-backed Bitcoin and Ethereum ETPs. Notably, these products were initially listed on Frankfurt’s Xetra and Zurich’s Six Swiss Exchange in March 2022 with a total expense ratio of 0.65%.
Meanwhile, according to Rob Oliver, head of Global X ETFs in Europe, the decision to cut fees aims to demonstrate Global X’s “commitment” in the EU region and for the traders.
Currently, these Jersey-backed ETPs are relatively small in size. As of May 24, the Bitcoin ETP managed about $4.3 million in assets, while the Ethereum product managed approximately $5.7 million.
Meanwhile, despite their size, the fee cut has generated substantial interest and could attract more investors to these products.
Soaring Global Interest
The fee reduction by Global X comes at a time when other firms are also making moves in the crypto ETP space. WisdomTree and 21Shares have recently launched products on the London Stock Exchange that invest in physically-backed Bitcoin and Ethereum.
However, these ETPs come with a management expense ratio of 0.35%, which the firms claim is one of the lowest for institutional-grade Bitcoin and Ethereum ETPs. However, admission to the London Stock Exchange’s main market is subject to approval by the UK’s Financial Conduct Authority (FCA).
For context, the FCA has allowed the sale of crypto exchange-traded notes to professional investors, while maintaining its ban on retail investment. This regulatory environment underscores the cautious yet progressive approach towards crypto investments in the UK.
Meanwhile, the news of crypto ETP issuer Global X’s fee cut coincides with a period of significant activity in the U.S. Spot Bitcoin ETF market. Recently, these U.S. Spot Bitcoin ETFs have seen substantial inflows, with $105.1 million added on Monday, June 3. Notably, this influx reflects growing investor confidence and interest in Bitcoin as a viable investment option.
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🚀🔥 Ferrari is making a big leap into the world of cryptos in Europe after huge success in the USA! 🚀🔥
Luxury car icon Ferrari is set to expand its crypto horizon in Europe after making a splash in the United States. From the end of July 2024, European buyers will be able to use their cryptocurrencies to acquire a Ferrari, adding a modern touch to the usual payment options.
Most dealerships in Europe are already integrating or have already integrated this innovative system, with expansion planned to other regions where cryptos are recognized by the end of the year. This move is a continuation of their American success, where Ferrari launched this system in October 2023 with the help of BitPay, a pioneer in crypto payments that collaborates with big names like AMC Theaters and Newegg.

🚀 Bitcoin Price Could Hit $100,000 in Next Six Months, Triggering a Wave of Selling 👀
Chris Vermeulen, Chief Market Strategist at The Technical Traders.com, recently shared his insights on Bitcoin's price trends in a conversation with David Lin. Despite Bitcoin's previous struggles to break past $70,000, Chris believes it is poised for significant gains.
Key Points from Chris Vermeulen's Analysis
1. Basing Formation and Chart Patterns
- Bitcoin has formed a basing formation, a critical chart pattern resembling a cup and handle. This pattern is one of the strongest, particularly in a basing formation, indicating a potential breakout and subsequent surge in Bitcoin's price.
2. Fibonacci Extension Analysis
- Chris applied Fibonacci extension to forecast Bitcoin's price momentum. According to this method, Bitcoin's next target after a pullback and rally is around $80,000, with further potential upside to $90,000. Historical trends suggest even higher targets.
- "If we apply Fibonacci extension from the start of this breakout rally down to the recent pullback, it projects a price of approximately $87,000 to $106,000," Chris explained.
3. Broader Perspective and Monthly Chart Analysis
- Using the monthly chart and Fibonacci analysis, Chris identified potential targets for Bitcoin's upward trajectory. He noted that both Bitcoin and gold are perceived as alternative currencies, gaining upward momentum amid concerns about the dollar and stock market stability.
4. Market Sentiment and Potential Resistance
- Chris speculated that a looming crisis could be driving investors towards alternative assets like Bitcoin and gold. He also pointed out that whole numbers, such as $100,000, typically attract sellers, potentially creating resistance at this level.
- "There will be some resistance around $100,000. Typically, whole numbers like $100,000 attract sellers," Chris added.
Possible Market Impact
- Wave of Selling
- If Bitcoin reaches $100,000, it could trigger a wave of selling, leading to a pullback or consolidation phase for several months. This behavior is common as traders and investors take profits at significant psychological price levels.
- Milestone Achievement
- Despite potential resistance and subsequent selling pressure, Chris believes that hitting $100,000 is the next milestone for Bitcoin, likely within the next four to six months based on current chart patterns.
Conclusion
Chris Vermeulen's analysis suggests that Bitcoin could surge to $100,000 in the near future, driven by strong chart patterns and investor sentiment amid economic uncertainties. However, reaching this milestone might trigger significant selling, leading to a period of consolidation. As always, market participants should remain vigilant and consider these factors when making investment decisions.
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$PEPE
📉🔍 $PEPE after listing on #binance: -73%
$TAO after listing on #binance: -44%
$BONK after listing on #binance: -60%
Now, there is a rumor of $ONDO listing on Binance.
What do you think about this?
#PEPE #altcoins #meme_coin

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