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🇱🇷 President Trump says “the consensus of almost everybody is that the Fed should cut rates.” Trump, once again, calls Fed Chair Powell “Too Late Powell. $BTC
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🇨🇳 Chinese firm to buy $800M in $BTC BTC & $TRUMP Addentax Group Corp, a diversified Chinese holding, has announced a bold $800 million plan to acquire Bitcoin and the official Trump memecoin ($TRUMP ). The company operates across apparel manufacturing, logistics, real estate, and epidemic prevention. This surprising move signals growing interest from traditional companies in Web3—and possibly a new form of tokenized political lobbying.
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#bitcoin $BTC 🪙 Bitcoin's Path to $110,000: Sentiment vs. Fundamentals 🔍 James Toledano, COO at Unity Wallet, suggests that Bitcoin's surge towards $110,000 is achievable due to easing U.S.-China trade tensions. However, he cautions that this rebound is more about market sentiment than solid fundamentals. 📉 Toledano describes Bitcoin's recent rise, which has seen it exceed $100,000 for the first time since February, as "hollow." He emphasizes that it is driven by the political maneuvers of a single individual rather than underlying market strength. He prefers fundamental factors to steer the market. ⚖️ Despite strong demand indicated by Bitcoin ETF inflows, Toledano points out that macroeconomic uncertainties limit potential gains. He believes that without consistent institutional buying and clear regulatory guidance, Bitcoin may consolidate before attempting to reach new all-time highs. 🤝 The recent easing of U.S.-China trade tensions, which had previously shaken global markets, has been positively received by investors, including crypto traders. Toledano notes that "the U.S.-China tariff changes have certainly had an impact on markets," highlighting that digital assets are increasingly viewed as hedges against macro instability. 📈 He argues that unlike equities, which are tied to traditional economic cycles, cryptocurrency often rebounds more quickly and attracts capital during prolonged crises. This is attributed to crypto's decentralized nature and its status as an alternative store of value during times of instability. 🌐 In conclusion, while geopolitical or economic unrest may cause short-term volatility across all asset classes, Toledano believes that crypto's structural independence could allow it to outperform traditional assets.
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🇺🇸 ETF FLOWS: On May 16, around 2.51K BTC and 8.71K ETH were bought. 💰 $BTC ETFs saw $260.3M in net inflows. 💰 $ETH ETFs saw $22.1M in net inflows.
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🚨🚨 BREAKING: $XRP is now the most traded crypto on Korean exchange Upbit, leading with 14.85% of $1.89B volume in the past 24 hours! 🤯🤯
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