U.S. CPI data for April will be released this week, and the market expects that CPI will fall. After weak employment data was released earlier this month, assets rose, and BTC also rebounded sharply at the time of the release. Therefore, if CPI data can further confirm the role of current monetary policy, then the market correction may end. On the other hand, the...
U.S. CPI data for April will be released this week, and the market expects that CPI will fall. After weak employment data was released earlier this month, assets rose, and BTC also rebounded sharply at the time of the release. Therefore, if CPI data can further confirm the role of current monetary policy, then the market correction may end. On the other hand, the...
After the Federal Reserve slowed its balance sheet reduction and the labor market cooled more than expected, BTC led the token rebound. Compared with the dump that the token experienced in April, the price of BNB has always remained at a high level. This is related to Binance’s frequent Launchpad and Megadrop launches. The logical upper limit of BNB fundamentals...
At the beginning of last week, the market fell further, with BTC reaching below 57000. But then V-Reversal came along. Last Thursday, the FOMC was held. The Federal Reserve kept interest rates unchanged, in line with market expectations. However, monthly Treasury bond redemption dropped from US$60 billion to US$25 billion, exceeding market expectations. While a...
At the beginning of last week, the market fell further, with BTC reaching below 57000. But then V-Reversal came along. Last Thursday, the FOMC was held. The Federal Reserve kept interest rates unchanged, in line with market expectations. However, monthly Treasury bond redemption dropped from US$60 billion to US$25 billion, exceeding market expectations. While a...
The main narrative in the crypto market will focus on ETH next. One aspect is the approval of the ETH ETF. It can be seen from the current schedule given by the SEC that the earliest deadline for ETH ETF is May 23, while for BlackRock, the deadline for ETH ETF will not be until the third quarter. Compared with BTC, ETH is more difficult to pass based on its POS...
The main narrative in the crypto market will focus on ETH next. One aspect is the approval of the ETH ETF. It can be seen from the current schedule given by the SEC that the earliest deadline for ETH ETF is May 23, while for BlackRock, the deadline for ETH ETF will not be until the third quarter. Compared with BTC, ETH is more difficult to pass based on its POS...
Under the conflict between Israel and Iran, many short-term holders have entered a state of loss, the capital market has released risks. NDX and technology stocks have experienced a week of losses so far. In the crypto market, although many Altcoins have experienced significant callback, BTC has never effectively penetrated 60000. Continued inflows into ETFs and...
Under the conflict between Israel and Iran, many short-term holders have entered a state of loss, the capital market has released risks. NDX and technology stocks have experienced a week of losses so far. In the crypto market, although many Altcoins have experienced significant callback, BTC has never effectively penetrated 60000. Continued inflows into ETFs and...
Let’s first have a look on the current U.S. macroeconomy. Last Wednesday, the U.S. Department of Labor released CPI data for March. While the predicted value was higher than the previous value, the actual value was higher than the predicted value. This also means that the CPI will be worse than expected in the first four months of 2024. BTC and US stocks fell....
Let’s first have a look on the current U.S. macroeconomy. Last Wednesday, the U.S. Department of Labor released CPI data for March. While the predicted value was higher than the previous value, the actual value was higher than the predicted value. This also means that the CPI will be worse than expected in the first four months of 2024. BTC and US stocks fell....
The BTC halving is less than 20 days away. In the recent three BTC halvings, it has experienced a correction after the halving and refreshed ATH in the following 6 months. Currently, most tokens on the market are waiting and observing whether BTC can break through 72000. In terms of on-chain data, we learned from Glassnode that after BTC exceeded ATH in...
The BTC halving is less than 20 days away. In the recent three BTC halvings, it has experienced a correction after the halving and refreshed ATH in the following 6 months. Currently, most tokens on the market are waiting and observing whether BTC can break through 72000. In terms of on-chain data, we learned from Glassnode that after BTC exceeded ATH in...
The market enters April. This is the month when BTC and BTC forked coins will be halved. Historically, BTC has experienced a certain correction (greater than 20%) before the past four halving times, and then started the main rise of the bull market. There was no significant drawdown in this cycle. Perhaps the BTC ETF and staking activities have increased the...
The market enters April. This is the month when BTC and BTC forked coins will be halved. Historically, BTC has experienced a certain correction (greater than 20%) before the past four halving times, and then started the main rise of the bull market. There was no significant drawdown in this cycle. Perhaps the BTC ETF and staking activities have increased the...
BTC and ETH continue to perform strongly, with BTC coming close to reaching ATH last week. However, most tokens on the market continue to fluctuate, and only meme coins follow the pace of BTC. We noticed that during last week's rise, although BTC and ETH both experienced significant increases, tokens with derivative properties of BTC and ETH, such as ORDI, RATS,...
BTC and ETH continue to perform strongly, with BTC coming close to reaching ATH last week. However, most tokens on the market continue to fluctuate, and only meme coins follow the pace of BTC. We noticed that during last week's rise, although BTC and ETH both experienced significant increases, tokens with derivative properties of BTC and ETH, such as ORDI, RATS,...
Last week, the market popularity revolved around the Restaking and Points sectors. Many whales buy ETH and participate in restaking protocols like EigenLayer. This has increased the popularity of Ethereum, Optimism, Arbtirum and other chains, and the price of ETH has increased. Let ETH get out of the independent market. In the BTC ecosystem, Merlin Chain’s staking...