🔵 #Can BTC Break $110K?#
Bitcoin recently broke above $107,000 and is currently trading around $105,000, just shy of its all-time high at $109,580. Do you think Bitcoin can set a new record and push past $110,000? Share your analysis and predictions with us!
🔵 #AI Token Market Cap Rebounds#
According to CoinGecko, the total market cap of the AI agent sector has rebounded to $6.862 billion, with a 1.2% increase in the past 24 hours. Notably, VIRTUAL surged 18.5%, and AI16Z rose 7.1%. Which AI tokens are you bullish on? How are you planning your portfolio strategy? Let’s hear your thoughts!
The long-awaited EthereumSpotETF finally started trading last night, but the intraday trend did not bring much surprise, nor did it realize the so-called Favourable Information into a big dump. Ethereum hovered around $3400, with a shrinking Trading Volume. The first day trading volume of the U.S. SpotEthereumETF exceeded $1 billion, with Grayscale EthereumSpotETF (ETHE) taking the lead with a scale of $456 million, accounting for nearly half of the total volume. BlackRock's EthereumSpotETF (ETHA) had a volume of $240 million, accounting for 24%, and Fidelity's Ethereum Fund (FETH) had a volume of $136 million, accounting for 13%. According to previous news, the first day trading volume of SpotBTCETF was $4.6 billion, and the first day trading volume of U.S. SpotEthereumETF was equivalent to 23% of the first day trading volume of SpotBTCETF, while the trading volume of BlackRock's ETHA reached 25% of IBIT's trading volume. It seems that Ethereum does not have the conditions for a significant decline in the short term.
☆
☆
The next biggest factor affecting the market trend, the US Department of Commerce will release the preliminary GDP data for the second quarter of the mold pot on Friday, and the market expects the US GDP data for the second quarter to be better than the first quarter. In addition, the US core personal consumption expenditure (PCE) price index for June will be released on Friday, which is a measure of inflation in particular by the Federal Reserve, which economists now expect to rise by 2.5% year-on-year and 0.1% month-on-month, indicating a further easing of inflationary pressures in the United States. At the moment, investors' expectation that the Fed will cut interest rates by 25 basis in September is "a certainty". The current crypto market is particularly sensitive to news, and it is recommended to follow more changes in the message surface.
☆
☆
The BTC conference will be held in Nashville, Tennessee, USA from July 25th to 27th, 2024. Trump is expected to attend the conference and give a speech on the 27th! In addition, Musk will also attend the BTC conference and have a dialogue with Trump. It has been recently found that Favourable Information usually cashes out in advance, so the layout needs to be prepared in advance! When Favourable Information really lands, sometimes it may weaken or even start to decline. What causes this situation? Because whether it's the institution or the Whale, they want to make a profit. When Favourable Information lands, they have already reaped the benefits, and when the bowl is full, they will dump as appropriate! This can be referenced to the BTC conference in 2018. Learn from history!