
Philip
@philipstrade
2037 Following
265 Followers
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Ethereum products continue to lead, but global crypto fund inflows decelerate amid Fed policy uncertainty: CoinShares
Crypto investment products run by asset managers such as BlackRock, Bitwise, Fidelity, Grayscale, ProShares, and 21Shares registered another $286 million worth of net inflows globally last week, according to CoinShares data — with Ethereum-based funds again outperforming Bitcoin.
It marks the eighth consecutive week of gains, now totaling $11.3 billion. "However, there has been a noticeable deceleration amid uncertainty over monetary policy, with investors adopting a wait-and-see stance ahead of further signals from the U.S. Federal Reserve on inflation," CoinShares Head of Research James Butterfill warned in a Monday report.
https://www.theblock.co/post/357427/ethereum-products-lead-global-crypto-fund-inflows-decelerate-fed-policy-uncertainty-coinshares 0 reply
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Is a Bitcoin price rally to $150K possible by year's end?
A bearish RSI divergence, similar to 2021, suggests Bitcoin could face a 50%+ correction toward $64,000, challenging the $150K year-end target.
Bitcoin is painting what appears to be an inverse cup-and-handle pattern, with its neckline near $100,800 acting as current support. As of June 7, the price has entered the handle-formation stage, eyeing a breakdown below the neckline.
Based on the inverse cup-and-handle pattern setup, a breakdown below $100,800 will increase Bitcoin’s likelihood of dropping toward $91,000.
The $91,000 downside target aligns with BTC’s 200-day exponential moving average (200-day EMA; the blue wave).
https://cointelegraph.com/news/is-bitcoin-price-rally-to-150k-possible-by-year-end 0 reply
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