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Shahana Crypto World Updates
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š„ FACT: 5 years ago, Strategy began its Bitcoin treasury with a $250M buy. It now holds 629K BTC and shares are up over 2,600%. $BTC
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š„ JUST IN: Strategy bought 155 $BTC for ~$18M. It now holds 628,946 BTC worth $46.1B. $BTC
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The Singapore Exchange (SGX) is planning to introduce cryptocurrency perpetual futures contracts by the end of the year. This move is aimed squarely at the institutional players, as they gear up for increased demand in the crypto space. SGX President highlights that crypto trading may not be suitable for retail investors, emphasizing a stronger focus on institutional needs. Is this the big leagues for crypto markets in Singapore? š¦š $BTC
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š Biggest Crypto Event This Week š š 12th Aug ā US CPI & Core CPI data release! š CPI forecast: 2.8% (slightly ā from last month) š September rate cut chance: 91% after recent unemployment data. ā If CPI < forecast ā Rate cut almost confirmed ā ā Risk assets (incl. crypto) can pump hard š„š ā If CPI > forecast ā Rate cut chances drop ā ā Crypto prices likely dip š š” Given rising unemployment, CPI might come lower than expected ā Good news for markets & crypto bulls šš $BTC
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$BTC UPDATE! NEW ATH LOADING? $BTC breaks the major resistance in daily tf however even if we consider this as a bullish scenario then a retest to $118k-$117k is what is coming also #Altcoins are not moving at the same pace as #Bitcoin is pumping. Stay away from longs in alts till the market opening. Sunday night pump and alts movement reflects something.
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