*Price now:* - BTC is hovering around *$79k - $81k* after briefly spiking above *$82,000* — highest since May. Currently down slightly after the US jobs report.
*Why it moved:* - Fed Governor Christopher Waller said he’s open to holding rates steady on Sept 16 if inflation keeps cooling — that weakened the dollar and lifted risk assets like Bitcoin. - Big catalyst next week: US CPI inflation data on Sept 11 and Senate procedural vote on the *Clarity Act* on Sept 15, which would regulate crypto as commodities, not securities.
*Market mood:* - Fear & Greed index is at 77/100 — “greed”. But analysts warn the rally was mostly shorts getting liquidated, not many new longs opening. - BTC surged 30% in recent weeks after US Treasury doubled buybacks, breaking a downtrend since May. Bulls need to hold above ∼$71,781 to stay in control.$BITCOIN
It was the biggest bear trap ever! The same pattern occurred in 2017 and 2021, followed by a massive parabolic rally in altcoins. If history repeats itself, a $400 investment in the right altcoins now could turn into $150K within two months. Here are the altcoins with the highest upside potential: 🧵
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