Crypto enthusiast. I'm also a cooking and gardening lover. I'll be sharing market analyses and how to make money in crypto on this profile.
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So handsome Kohta.
1️⃣ Ethereum Continues to Outperform Bitcoin → Over $1 billion in inflows into Ethereum in the past couple of days. → Spot Ether ETFs have recorded the biggest inflows through BlackRock and Fidelity. → $ETH trading has seen activity from long-term, short-term, and cohort whales. 2️⃣ Macro Indicators → Consumer Price Index (CPI) holds at 2.7% (below expectations of 2.8%). → Signals a high chance for a rate cut in September. → This could trigger money flowing into the market as people exchange fiat for assets such as stocks and cryptocurrencies. 3️⃣ Bitcoin Trends → OTC BTC buys are on the rise. → More institutions continue to accumulate Bitcoin. 4️⃣ Market Sentiment → All signs point to a fundamentally and sentimentally bullish market. 5️⃣ Altcoin Opportunities → After what’s happening with Ethereum, $Solana looks like a good bid. → It is likely to do well next. → This will have a trickle-down effect on $BONK.
I want to join you Julia
Yesterday, we witnessed an unexpected market dump. The sentiment was good, CT was euphoric, but it still happened. What could have been the trigger? Higher-Than-Expected PPI (Producer Price Index) ➜ What is PPI? It is an inflation measure that shows the average change in price for output by domestic producers. ➜ This signaled a minimized chance for an aggressive rate cut by the Federal Reserve, thanks to high inflation. ➜ The rate cut expectation shifted from 75 basic points to 25 basic points. ➜ Rate cut odds drive market sentiment. ➜ Rate cuts come with monetary easing. ➜ But the impact is low with lower rate cuts. ➜ This shifts the market sentiment as people become less optimistic. ➜ They introduce caution by de-risking.