🪙 🇺🇸 BTC at 111K: Why and for How Long?
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Yesterday, amidst the general market optimism, a key piece of news slipped by quietly — but in my view, it was the main driver behind BTC’s move.
There was an auction for 20-year U.S. Treasury bonds, and demand turned out to be extremely weak.
As a result, bond yields and debt financing costs spiked, and the S&P 500 reacted with an immediate drop. And BTC? 😈 After a brief dip on the news, it reversed and broke through $111K with a solid hold.
What’s happening is exactly what I’ve been saying all along: BTC is becoming real digital gold — not just in the fantasies of crypto maxis, but as a legitimate hedge against almost everything.
On top of that, the Fed has entered “silent mode” — quietly buying $50B of its own debt. Moody’s is pressuring credit ratings. The market can feel it: the money printer is already humming, even if no one’s officially acknowledged it yet.
If BTC holds the ATH zone, there’s a strong chance we’ll see a repeat of November 2024’s run — all the way to $120K. And that’s when alts will come back to life! 💰
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