Hey crypto community, Bitcoin ($BTC ) is retreating to $107,600, and the market is swinging wildly! Alternative currencies like AVAX and ADA are losing about 5% today, and all eyes are on crucial global events that could turn the tables!
G7 Summit and U.S. inflation: A storm is brewing!
• G7 Summit (June 15-17): Tariffs may be adjusted and economic market dynamics changed, directly affecting crypto!
• Producer Price Index (PPI) today: Expectations of a PPI rise to 2.6% may negatively impact consumer spending data and cause declines in the market before the U.S. market opens!
• European Central Bank and the Middle East: Announcements from the European Central Bank and ambiguous developments in the Middle East may heighten or alleviate concerns.
ETF fund inflows: Hope in the eye of the storm?
• BTC ETF funds: Net inflows continue to exceed $164.6 million after the China deal and positive consumer price index results. Weekly net inflows are approaching a billion dollars!
• ETH ETF funds are outperforming! Ethereum inflows reached $240 million, surpassing Bitcoin, driven by BlackRock clients! This interest gives the market positive momentum.
Summary: Huge volatility and a critical crossroads!
If the price of Bitcoin continues to fall below $107,800, alternative currencies may face additional losses. The current situation requires a very cautious strategy! Strategic decisions are crucial for stakeholders to successfully navigate these turbulent conditions.
Are you ready to face the storm?
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