$BANK hit a high of around $0.60 last month before dropping back to the current price of around $0.02. Moving forward, a recovery toward $0.10 and potentially a retest of the $0.60 level could be possible if momentum returns. 🚀
With the hot **Nonfarm Payrolls (NFP)** report crushing expectations and showing a resilient labor market, all eyes are locked on the fresh **CPI inflation data**! 🚨
Markets are currently split on what the Federal Reserve will do at the upcoming meeting. Will persistent inflation push the Fed toward a **25 bps rate hike**, or will cooling core metrics give policymakers reason to **hold rates steady**? 🏛️ ⚖️
📉 **Macro Analysis & Expectations:**
1️⃣ **The Hawkish Case (Rate Hike):** Strong job numbers paired with elevated energy costs could reignite inflation fears. A hotter-than-expected CPI reading might seal the deal for monetary tightening, driving the **US Dollar ($DXY)** higher while putting short-term
With the hot **Nonfarm Payrolls (NFP)** report crushing expectations and showing a resilient labor market, all eyes are locked on the fresh **CPI inflation data**! 🚨
Markets are currently split on what the Federal Reserve will do at the upcoming meeting. Will persistent inflation push the Fed toward a **25 bps rate hike**, or will cooling core metrics give policymakers reason to **hold rates steady**? 🏛️ ⚖️
📉 **Macro Analysis & Expectations:**
1️⃣ **The Hawkish Case (Rate Hike):** Strong job numbers paired with elevated energy costs could reignite inflation fears. A hotter-than-expected CPI reading might seal the deal for monetary tightening, driving the **US Dollar ($DXY)** higher while putting short-term
BlackRock Buys 27,700 BTC and 385,600 ETH Over Eight Straight Trading Days
BlackRock has bought Bitcoin and ETH for eight consecutive trading days, according to Lookonchain monitoring. According to Odaily, the firm accumulated 27,700 BTC and 385,600 ETH during the period.