The macroeconomic situation is surprisingly positive. Within minutes, we had strong data and a promising agreement between the US and China, which brought immediate relief to the markets.
The price of #BTC reacted well, but the most interesting point is its dominance. This could signal a possible migration to altcoins as macro confidence grows and institutional investors gain more certainties.
With BTC approaching a new ATH, it is natural for large players to start rotating capital — and altcoins should directly benefit from this.
All recent data has been excellent. After so many weeks of good numbers, if Powell does not signal a rate cut now, it is because he has completely lost his mind.
If these were not the data he needed, then we can forget about him — he's gone crazy! 💛🚀
