Big news! The number of unemployment benefits in the United States exceeded expectations, and the trend of Bitcoin stabilized? Wall Street was shocked by Bitcoin!
The number of unemployment benefits in the United States exceeded expectations, which brought good news for Bitcoin. Because this data means that the US economy may be slowing down, which in turn increases the possibility of the Federal Reserve cutting interest rates, which is a big boon for cryptocurrencies. In addition, BlackRock's Bitcoin spot ETF has reached an astonishing $20 billion, showing the favor of large institutional funds for Bitcoin. If the June spot Ethereum ETF can also pass, then this round of bull market will be even hotter. Bitcoin is waiting for direction, hovering around 68,000 for 3 consecutive days. But from a technical point of view, the long arrangement is still strong. If there is good news to stimulate, it is not a problem for Bitcoin to stand on $70,000 again. The trend of Bitcoin is not only affected by macroeconomic data, but also favored by large institutional funds.
It seems that the trend of Bitcoin is indeed exciting. However, there are risks in investing in cryptocurrencies, and careful decisions need to be made. Come and follow the blogger to get more latest developments in cryptocurrencies #BTC
The number of unemployment benefits in the United States exceeded expectations, which brought good news for Bitcoin. Because this data means that the US economy may be slowing down, which in turn increases the possibility of the Federal Reserve cutting interest rates, which is a big boon for cryptocurrencies. In addition, BlackRock's Bitcoin spot ETF has reached an astonishing $20 billion, showing the favor of large institutional funds for Bitcoin. If the June spot Ethereum ETF can also pass, then this round of bull market will be even hotter. Bitcoin is waiting for direction, hovering around 68,000 for 3 consecutive days. But from a technical point of view, the long arrangement is still strong. If there is good news to stimulate, it is not a problem for Bitcoin to stand on $70,000 again. The trend of Bitcoin is not only affected by macroeconomic data, but also favored by large institutional funds.
It seems that the trend of Bitcoin is indeed exciting. However, there are risks in investing in cryptocurrencies, and careful decisions need to be made. Come and follow the blogger to get more latest developments in cryptocurrencies #BTC