Standard Chartered is optimistic about the future prices of BTC and ETH. The Fed's interest rate meeting tomorrow night. Fed members, on the one hand, believe that the economy is strong and there is no need to cut interest rates; on the other hand, they believe that the unemployment rate has increased in February, and they will cut interest rates once the inflation data gives them a chance. This interest rate meeting will determine whether this wave of callbacks will end.
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Media reports indicate that Apple is in talks to embed Google’s Gemini artificial intelligence engine into the iPhone to power some new features of this year’s iPhone software. The Ministry of Science and Information and Communications Technology (MSIT) of South Korea announced that it is looking for an investment manager to create and manage a 50 billion won Metaverse Fund aimed at supporting small and medium-sized enterprises in the Metaverse field. The UK intends to relax the listing requirements for crypto ETP products, and financial giants such as CoinShares, WisdomTree and ETCGroup are seeking to list on the London Stock Exchange. Previously, the London Stock Exchange confirmed that it would accept ETN applications for BTC and ETH in the second quarter of this year. NVIDIA announced the next generation of artificial intelligence supercomputer, the new generation of AI chip "Blackwell GPU". Its CEO Jensen Huang said that many organizations are expected to adopt Blackwell, such as Amazon Web Services, Dell, Google, Meta, Microsoft, OpenAl, etc. Blackwell enables building real-time generative AI. Fidelity filed an amendment with the U.S. Securities and Exchange Commission to add the ability to pledge a portion of its assets in a potential ETH ETF. The CoinShares weekly report shows that digital asset investment products hit a record weekly inflow of $2.9 billion last week, exceeding the previous week's historical record of $2.7 billion. Year-to-date inflows amounted to $13.2 billion, beating the $10.6 billion in inflows for all of 2021. Global ETP products exceeded the US$100 billion mark for the first time. James Butterfill, director of research at CoinShares, said that spot BTC ETF has not yet been provided to the investment advisory market (RIA) market. As the RIA market opens, there may be a large influx of investment. Given that the RIA market represents approximately $50 trillion in assets, potential funds The inflow could be so large that the supply of newly minted BTC cannot keep up with demand, requiring ETF issuers to source BTC from the secondary market.
Deutsche Börse launched the cryptocurrency trading product DBDX. They hope to provide institutional customers with alternative tokenized assets and profit from this trend in the long term. They plan to establish a digital asset ecosystem based on the institutional value chain. The platform will comply with recognized standards in the financial industry and provide services for a variety of asset classes and use cases. During the decline, MicroStrategy spent US$753 million to increase its holdings of approximately 9,245 BTC, with an average price of US$67,382. The company currently holds 214,246 BTC, with an average price of $35,160. Glassnode data shows that large holders are still accumulating BTC. BTC whales (holding 1,000 BTC or more) have accumulated a total of approximately 84,000 BTC in the past 30 days; BTC sharks (holding 100 to 1,000 BTC) ) has accumulated a total of approximately 244,000 BTC in the past 30 days. Standard Chartered Bank reported that it raised its year-end price forecast for BTC from US$100,000 to US$150,000, and will reach a cycle high of US$250,000 next year. The analysis is based on the comparison with gold prices after the launch of gold ETFs in the United States, and the relationship between ETF inflows and BTC prices. correlation between. The report also stated that if the ETH spot ETF is approved, it may bring in $45 billion in capital inflows in the first 12 months. ETH may reach $8,000 by the end of this year and $14,000 in 2025. Many people ask, what impact will the Bank of Japan’s withdrawal from the era of negative interest rates have on the market? No impact. On Tuesday, the Bank of Japan raised interest rates from -0.1% to 0.1%, but the yen did not rise. The dollar rose 1.2% against the yen to 150.9.
Tomorrow night's Federal Reserve interest rate meeting will be the focus of the market, which will determine whether this wave of market correction will end. Nick Timiraos, a spokesman for the Federal Reserve, said: Among Fed members, one side believes that the economy is strong and there is no need to cut interest rates; the other side believes that the unemployment rate has increased in February, and they will cut interest rates once the inflation data gives them a chance. U.S. Senator Elizabeth. Warren and Bernie. Sanders and others wrote a letter urging Powell to propose "a clear and swift timetable for rate cuts, preferably starting at the May open market meeting." For the "old leek" MicroStrategy, the opportunity came from a fall. Six months ago, it was still mocking MicroStrategy for its stupid increase in holdings. Now its floating profit has exceeded 6 billion US dollars. The old man believes that the basic expectation for the market adjustment in the bull market is a minimum of 20%, or a single-day decline of 20%. Maybe people's tolerance is weak and they are not adapted to the currency market, which is known for its high volatility. With the support of spot ETFs this year, the volatility of the pie has been significantly less. Looking at the behavior of many institutions that are much larger than MicroStrategy and have also increased their holdings, it is more likely to create a bull market in the future. The key factor is that the Fed's interest rate cuts are consistent and difficult to end in two years. The bull market is also ongoing, but high volatility is unavoidable. #BTC超话
