๐ Crypto Market Rebound After Macro Shock
#Bitcoin is back on the rise ๐ โ up 1.22% to $114,738, recovering from a sharp drop last week ๐ ($119K โก๏ธ $111.8K).
๐ #Altcoins follow:
๐ฅ $ETH +3.12% โ $3,549
๐ฅ $XRP +6.32% โ $3
๐ $SOL +1.66% โ $163.69
๐ฐ What triggered the dip?
๐งพ Weak U.S. jobs report (+73K vs. expected ~200K)
๐ Broader stock market slump
๐ธ Profit-taking after a long rally
๐ก Analyst Insights:
๐ฃ๏ธ "Dips are short-lived โ long-term investors & institutions are buying fast." โ Jeff Mei, BTSE
๐ฆ TradFi partnerships + crypto treasuries = bullish momentum building
๐ Sentiment Shift:
๐ "Cautiously optimistic" โ Fear & Greed Index tilts to greed
๐ Whale accumulation + rate cut hopes = risk-on mood
๐๏ธ Key Date Ahead:
๐ Aug 12 โ July CPI data release ๐
๐ฌ Could shape the next Fed rate decision in September (CME odds: 80.8% chance of cut ๐)