🔺The weekend ended in the green zone: BTC rose well and closed the week with a green candle at +2.3%. Most top coins, on the contrary, dropped by -6..10% for the week, while a number of coins (PYTH, BERA, and STRK) fell by up to -20%. The market is turning red now: with BTC stagnant, Ether is losing -4%, dragging all altcoins down with it.
🔺No particularly significant economic events are expected this week. Key events include speeches by Federal Reserve members regarding future regulatory policies from Monday to Wednesday (May 19-21), and on Thursday (May 22), data on the U.S. business activity index will be released. The markets may be shaken!
🔺Starting June 1, the Federal Tax Service of Russia will tighten control over money transfers from card to card. Now, in case of suspicious transactions (frequent transfers from third parties or incoming money significantly exceeding official income or sales of goods/services) - it will be considered additional income, and taxes will be reassessed. Keep all receipts and statements and be prepared to justify the received funds to the Federal Tax Service.
🔺Last night, BTC was just short of +2.1% additional growth to reach past ATH at 109k. Generally, after BTC breaks historical peaks, altcoins also begin to accelerate. Bitcoin continues to almost perfectly correlate with M2 liquidity: therefore, reaching new ATHs is just a matter of time.
🔺The largest token unlocks this week. Be careful: price manipulation of coins is possible👇
