bitcoinrallies
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#Write2earn #Bitcoin Surges Amidst Central Bank Rate Cut Expectations #BTConFire $BTC #bitcoinrallies
The overall percentage of global central banks opting for rate cuts is on the rise, signaling a positive trend for assets prone to risk, such as cryptocurrencies.
Bitcoin (BTC) experienced its most significant single-day surge in almost two months on Wednesday. This surge came as weak economic data from the United States increased the likelihood of the Federal Reserve (Fed) following its counterparts in other developed nations by implementing monetary policy easing through rate cuts during the summer.
According to data from TradingView , the leading cryptocurrency surged by over 7.5% to reach $66,250, marking its largest percentage increase since March 20. Like many other risky assets, BTC reacts strongly to anticipated shifts in the monetary policy strategies of major central banks, rallying when there’s an expectation of a decrease in the cost of borrowing traditional currencies.
Recent data from the U.S. Labor Department revealed that the consumer price index (CPI) rose less than expected in April, indicating a renewed downward trend in the cost of living in the world’s largest economy. Both headline and core CPI saw modest increases, with retail sales growth also stalling in April.
Consequently, expectations for rate cuts have significantly strengthened. Fed funds futures suggest that traders anticipate a 25 basis point rate cut by the Fed in September, aligning with the upcoming summer season. Additionally, other major central banks like the Bank of England (BOE) and the European Central Bank (ECB) are also expected to implement rate cuts in June. Some central banks, such as the Swiss National Bank (SNB) and Sweden’s Riksbank, have already reduced their benchmark borrowing rates.
This global shift towards monetary or liquidity easing is seen as a positive indicator for risky assets, including cryptocurrencies, as highlighted by data from MacroMicro.
The overall percentage of global central banks opting for rate cuts is on the rise, signaling a positive trend for assets prone to risk, such as cryptocurrencies.
Bitcoin (BTC) experienced its most significant single-day surge in almost two months on Wednesday. This surge came as weak economic data from the United States increased the likelihood of the Federal Reserve (Fed) following its counterparts in other developed nations by implementing monetary policy easing through rate cuts during the summer.
According to data from TradingView , the leading cryptocurrency surged by over 7.5% to reach $66,250, marking its largest percentage increase since March 20. Like many other risky assets, BTC reacts strongly to anticipated shifts in the monetary policy strategies of major central banks, rallying when there’s an expectation of a decrease in the cost of borrowing traditional currencies.
Recent data from the U.S. Labor Department revealed that the consumer price index (CPI) rose less than expected in April, indicating a renewed downward trend in the cost of living in the world’s largest economy. Both headline and core CPI saw modest increases, with retail sales growth also stalling in April.
Consequently, expectations for rate cuts have significantly strengthened. Fed funds futures suggest that traders anticipate a 25 basis point rate cut by the Fed in September, aligning with the upcoming summer season. Additionally, other major central banks like the Bank of England (BOE) and the European Central Bank (ECB) are also expected to implement rate cuts in June. Some central banks, such as the Swiss National Bank (SNB) and Sweden’s Riksbank, have already reduced their benchmark borrowing rates.
This global shift towards monetary or liquidity easing is seen as a positive indicator for risky assets, including cryptocurrencies, as highlighted by data from MacroMicro.
Following Craig Wright's failed attempt to prove he is Satoshi Nakamoto in court, the Bitcoin whitepaper has been reuploaded to Bitcoin.org. Hennadii Stepanov, the site's maintainer, announced the return of the whitepaper by sharing a link to its PDF on another platform. In 2021, Wright successfully sued Cøbra for copyright infringement, leading to the whitepaper's removal. However, his claims were refuted, rendering his copyright victory ineffective. Wright's lawsuit also risked exposing Cøbra's anonymity, highlighting the ongoing mystery surrounding Nakamoto's identity and the whitepaper's ownership.
#bitcoinrallies $BTC
#bitcoinrallies $BTC
"Bitcoin's Explosive Surge to $66K Ignites a New All-Time High!"
Bitcoin surpasses $66K, overcoming major resistance levels and indicating strong market confidence and the potential for a new all-time high.
Read more on: https://thecryptobasic.com/2024/05/16/is-the-bitcoin-breakthrough-at-66k-signaling-a-new-all-time-high/
#bitcoinrallies #BTC☀️ #CryptoNewsDaddy #CryptoNews🚀🔥"
Read more on: https://thecryptobasic.com/2024/05/16/is-the-bitcoin-breakthrough-at-66k-signaling-a-new-all-time-high/
#bitcoinrallies #BTC☀️ #CryptoNewsDaddy #CryptoNews🚀🔥"
Yes same exactly 🔥
How is this possible 🚨🚨
You are genius sir @realmabbaskhan
Thanks a million♥️
$BTC #btc73k #bitcoinrallies #BTCUSDT! #BTCanalysis #realmabbaskhan
How is this possible 🚨🚨
You are genius sir @realmabbaskhan
Thanks a million♥️
$BTC #btc73k #bitcoinrallies #BTCUSDT! #BTCanalysis #realmabbaskhan
💰 #BTC/USD pumped as was planned ✅
As told you to buy $BTC at that time but some people criticise me. now the results is in front of you. 👇
👉 If you want to make money in this bull market there is some rules.👇
1. Follow me to get every Free Premium Signals, Chart Analysis 🔥 and update news.
2. Like this
3. Share
🚀
💼 Fill your bags now if you haven't already! It's not too late to join the party and ride the wave to profits. 💰
🙌 Thank me later. Don't miss out on this opportunity! 🌟
#btc70k #BTC #bitcoin #realmabbaskhan
As told you to buy $BTC at that time but some people criticise me. now the results is in front of you. 👇
👉 If you want to make money in this bull market there is some rules.👇
1. Follow me to get every Free Premium Signals, Chart Analysis 🔥 and update news.
2. Like this
3. Share
🚀
💼 Fill your bags now if you haven't already! It's not too late to join the party and ride the wave to profits. 💰
🙌 Thank me later. Don't miss out on this opportunity! 🌟
#btc70k #BTC #bitcoin #realmabbaskhan
BITCOIN BROKE OUT OF THE DAILY BULLISH FLAG!
BREAKOUT TARGET IS $150K
#bitcoin #bitcoinrallies #bitcoinupdate2024 #BinanceSquareFamily #btcupdates2024
BREAKOUT TARGET IS $150K
#bitcoin #bitcoinrallies #bitcoinupdate2024 #BinanceSquareFamily #btcupdates2024
BITCOIN BROKE OUT OF THE DAILY BULLISH FLAG!
BREAKOUT TARGET IS $150K
#bitcoin #bitcoinrallies #bitcoinupdate2024 #BinanceSquareFamily #btcupdates2024
BREAKOUT TARGET IS $150K
#bitcoin #bitcoinrallies #bitcoinupdate2024 #BinanceSquareFamily #btcupdates2024
Will $BTC Bitcoin Go 1 Million in 2024
#BITCOINUSD #Bitcoin❗ #bitcoinrallies #Bitcoinasia2024 #Bitcoinarena $BTC
The likelihood of Bitcoin reaching $1 million within this year is extremely low. Here are a few reasons why:
Market Capitalization: For Bitcoin to reach $1 million per coin, its total market capitalization would need to increase dramatically. Given the current number of Bitcoins in circulation, a $1 million price per Bitcoin would result in a market cap in the tens of trillions of dollars, which is significantly higher than the current market cap.
Historical Performance: Bitcoin has experienced significant price volatility, but such an extreme increase within a single year is unprecedented. Even during its most bullish periods, Bitcoin has not seen such rapid growth.
Economic and Market Conditions: Current global economic conditions, including inflation, interest rates, and overall market sentiment, do not support such an extreme increase. While Bitcoin is often seen as a hedge against inflation and economic instability, reaching $1 million within a year would require extraordinary circumstances.
Adoption and Usage: While Bitcoin adoption has been increasing, widespread usage and acceptance to a degree that would drive its price to $1 million in a single year is unlikely. This would require a massive influx of new investors and substantial institutional investment far beyond current levels.
Regulatory Environment: Regulatory actions around the world can have a significant impact on Bitcoin's price. Uncertainty or adverse regulations can hinder price growth, making such a meteoric rise improbable.
more@Mr_Master
#BITCOINUSD #Bitcoin❗ #bitcoinrallies #Bitcoinasia2024 #Bitcoinarena $BTC
The likelihood of Bitcoin reaching $1 million within this year is extremely low. Here are a few reasons why:
Market Capitalization: For Bitcoin to reach $1 million per coin, its total market capitalization would need to increase dramatically. Given the current number of Bitcoins in circulation, a $1 million price per Bitcoin would result in a market cap in the tens of trillions of dollars, which is significantly higher than the current market cap.
Historical Performance: Bitcoin has experienced significant price volatility, but such an extreme increase within a single year is unprecedented. Even during its most bullish periods, Bitcoin has not seen such rapid growth.
Economic and Market Conditions: Current global economic conditions, including inflation, interest rates, and overall market sentiment, do not support such an extreme increase. While Bitcoin is often seen as a hedge against inflation and economic instability, reaching $1 million within a year would require extraordinary circumstances.
Adoption and Usage: While Bitcoin adoption has been increasing, widespread usage and acceptance to a degree that would drive its price to $1 million in a single year is unlikely. This would require a massive influx of new investors and substantial institutional investment far beyond current levels.
Regulatory Environment: Regulatory actions around the world can have a significant impact on Bitcoin's price. Uncertainty or adverse regulations can hinder price growth, making such a meteoric rise improbable.
more@Mr_Master
Beyond Bitcoin: How Blockchain is Disrupting Supply Chain Management"
Introduction:
Have you ever wondered how your favorite products make their way from the factory to your doorstep? It's a long and complex journey, involving many people and companies. This journey is called a supply chain. Blockchain technology is changing the way supply chains work, making them faster, safer, and more efficient.
How is Blockchain Reshaping Supply Chains?
- Transparency: Blockchain makes it possible to see exactly where a product comes from and what happens to it along the way. This helps companies and consumers know that products are genuine and safe.
Efficiency: Blockchain automates many tasks, reducing the need for paperwork and manual checks. This saves time and money, making supply chains faster and more efficient.Security: Blockchain's decentralized ledger system makes it virtually impossible for a single entity to manipulate the data, reducing the risk of fraud and cyber attacks.Sustainability: Blockchain helps companies ensure that their products are made and sourced in a responsible and sustainable way. Cost Reduction: Blockchain reduces the need for intermediaries and reduces transaction costs, saving companies money.
Real-World Examples:
- Walmart: Uses blockchain to track the origin of its produce, reducing the risk of contamination and improving food safety.- Maersk: Uses blockchain to streamline its logistics operations, reducing costs and improving efficiency.- De Beers: Uses blockchain to track the origin of its diamonds, reducing the risk of fraud and ensuring that its diamonds are conflict-free.
Conclusion:
Blockchain technology is revolutionizing supply chain management, making it faster, safer, and more efficient. By understanding how blockchain works and its benefits, we can unlock its power to create a better future for businesses and consumers alike.
#btc70k #bitcoinrallies #NewsAboutCrypto #Follow_Like_Comment $BTC
Have you ever wondered how your favorite products make their way from the factory to your doorstep? It's a long and complex journey, involving many people and companies. This journey is called a supply chain. Blockchain technology is changing the way supply chains work, making them faster, safer, and more efficient.
How is Blockchain Reshaping Supply Chains?
- Transparency: Blockchain makes it possible to see exactly where a product comes from and what happens to it along the way. This helps companies and consumers know that products are genuine and safe.
Efficiency: Blockchain automates many tasks, reducing the need for paperwork and manual checks. This saves time and money, making supply chains faster and more efficient.Security: Blockchain's decentralized ledger system makes it virtually impossible for a single entity to manipulate the data, reducing the risk of fraud and cyber attacks.Sustainability: Blockchain helps companies ensure that their products are made and sourced in a responsible and sustainable way. Cost Reduction: Blockchain reduces the need for intermediaries and reduces transaction costs, saving companies money.
Real-World Examples:
- Walmart: Uses blockchain to track the origin of its produce, reducing the risk of contamination and improving food safety.- Maersk: Uses blockchain to streamline its logistics operations, reducing costs and improving efficiency.- De Beers: Uses blockchain to track the origin of its diamonds, reducing the risk of fraud and ensuring that its diamonds are conflict-free.
Conclusion:
Blockchain technology is revolutionizing supply chain management, making it faster, safer, and more efficient. By understanding how blockchain works and its benefits, we can unlock its power to create a better future for businesses and consumers alike.
#btc70k #bitcoinrallies #NewsAboutCrypto #Follow_Like_Comment $BTC
$HIGH come back to hit 5$ level again.
The volume divergence againts price action.
First scenario is $HIGH will drop from here or hit 8$ range because spot market sell mosly on that level.
Put short stop market 8$
Target 4.3$
Bitcoin really bulish because News last night, lets watch market movement before making any short.
#bitcoinrallies #future
The volume divergence againts price action.
First scenario is $HIGH will drop from here or hit 8$ range because spot market sell mosly on that level.
Put short stop market 8$
Target 4.3$
Bitcoin really bulish because News last night, lets watch market movement before making any short.
#bitcoinrallies #future
BITCOIN LATEST MOVE!!!
Bitcoin Rises Above $67K, but Lags Broader Crypto Market such as ETHERUM, SOLANA, LINK etc which Post Big Gains.
This could be attributable to Softer U.S. inflation figures and big institutional interest in the spot bitcoin which helped turn sentiment around.
The price of bitcoin has nudged above the $67,000 level for the first time in nearly one month following eight weeks of sideways-to-lower action.
As I write this, Bitcoin was trading at $67,250, up 2.8% over the past 24 hours and about 10% from its lowest levels on Monday. That lagged the broader CoinDesk 20 Index, which was ahead 4.4% over the past 24 hours and about 12% from the Monday low.
please Ensure you share, Follow, Like, and comment . Thank You.
#bitcoinrallies #altcoins #CryptoWatchMay2024
#write2earn🌐💹 #Write&Earn
$BTC $SOL $BNB
Bitcoin Rises Above $67K, but Lags Broader Crypto Market such as ETHERUM, SOLANA, LINK etc which Post Big Gains.
This could be attributable to Softer U.S. inflation figures and big institutional interest in the spot bitcoin which helped turn sentiment around.
The price of bitcoin has nudged above the $67,000 level for the first time in nearly one month following eight weeks of sideways-to-lower action.
As I write this, Bitcoin was trading at $67,250, up 2.8% over the past 24 hours and about 10% from its lowest levels on Monday. That lagged the broader CoinDesk 20 Index, which was ahead 4.4% over the past 24 hours and about 12% from the Monday low.
please Ensure you share, Follow, Like, and comment . Thank You.
#bitcoinrallies #altcoins #CryptoWatchMay2024
#write2earn🌐💹 #Write&Earn
$BTC $SOL $BNB
Will $BTC Go 30000 In 2024...?
#bitcoin #bitcoinupdates2024 #Bitcoin❗ #BTC❓ #bitcoinrallies
As of now, Bitcoin is trading around $67,423.08 ,Predicting whether Bitcoin will go to $30,000 is challenging due to its highly volatile nature and the myriad of factors that influence its price. Historically, Bitcoin's price movements have been influenced by market sentiment, regulatory news, macroeconomic trends, and significant events within the cryptocurrency space.
Analysts often look at technical indicators, market trends, and historical patterns to make price predictions, but these predictions can vary widely. For instance, following the recent halving event in April 2024, Bitcoin's price has not shown the dramatic movements seen in past halvings, reflecting a more mature and possibly more stable market.
#bitcoin #bitcoinupdates2024 #Bitcoin❗ #BTC❓ #bitcoinrallies
As of now, Bitcoin is trading around $67,423.08 ,Predicting whether Bitcoin will go to $30,000 is challenging due to its highly volatile nature and the myriad of factors that influence its price. Historically, Bitcoin's price movements have been influenced by market sentiment, regulatory news, macroeconomic trends, and significant events within the cryptocurrency space.
Analysts often look at technical indicators, market trends, and historical patterns to make price predictions, but these predictions can vary widely. For instance, following the recent halving event in April 2024, Bitcoin's price has not shown the dramatic movements seen in past halvings, reflecting a more mature and possibly more stable market.
El Salvador mined nearly 474 #bitcoins, adding to state crypto holding, in last three years
$BTC #Bitcoin❗
El Salvador has mined nearly 474 bitcoins since 2021 thanks to a volcano-fueled geothermal power plant, official data showed on Tuesday, bringing the government's total bitcoin portfolio to nearly $354 million at current prices.
#Bitcoinblockchain #bitcoinrallies #Bitcoin❗ $BTC
El Salvador has mined nearly 474 bitcoins since 2021 thanks to a volcano-fueled geothermal power plant, official data showed on Tuesday, bringing the government's total bitcoin portfolio to nearly $354 million at current prices.
#Bitcoinblockchain #bitcoinrallies #Bitcoin❗ $BTC
"Bitcoin's price has been stable for five days, with low trading volume. However, large investors are still active, suggesting they don't want Bitcoin to drop sharply and may be preparing for a new high. Next week, important economic data will be released, including inflation rates and GDP revisions, which may affect interest rate decisions. The Federal Reserve will also release its Beige Book and several officials will speak, potentially influencing market expectations. The decision to cut interest rates is crucial, as it may impact inflation, political pressure, and financial stability. The world is watching, and the next moves will be critical."
I simplified the text by:
- Breaking up long sentences into shorter ones
- Using simpler vocabulary (e.g., "stable" instead of "sideways consolidation")
- Removing technical jargon (e.g., "market volume ratio")
- Focusing on the main ideas and skipping some details.#bitcoinrallies #bitcoinnewsupdate #Bitcoin❗ #BitcoinCyclePeak #BitcoinPizzaDay2024
I simplified the text by:
- Breaking up long sentences into shorter ones
- Using simpler vocabulary (e.g., "stable" instead of "sideways consolidation")
- Removing technical jargon (e.g., "market volume ratio")
- Focusing on the main ideas and skipping some details.#bitcoinrallies #bitcoinnewsupdate #Bitcoin❗ #BitcoinCyclePeak #BitcoinPizzaDay2024
$BTC — Knock, knock, boom?
Bitcoin got rejected for the second time when trying to break out of its long-term (bullish) downward channel.
Currently #Bitcoin is taking a breather.
However, chart pattern, technical indicators, and AI forecast point toward another leg up.
So, let's smash this resistance with the next try.
#bitcoinrallies
Bitcoin got rejected for the second time when trying to break out of its long-term (bullish) downward channel.
Currently #Bitcoin is taking a breather.
However, chart pattern, technical indicators, and AI forecast point toward another leg up.
So, let's smash this resistance with the next try.
#bitcoinrallies