$BTC #btc potential liquidations in the short term due to high leverage.
Current data shows:
๐ Price: $58,113.8
๐ด Short liquidations around $58,300 - $58,650
๐ข Long liquidations clusters: $58,000 - $57,600 and $57,450 - $57,150
Current data shows:
๐ Price: $58,113.8
๐ด Short liquidations around $58,300 - $58,650
๐ข Long liquidations clusters: $58,000 - $57,600 and $57,450 - $57,150
๐บ๐ธ June CPI inflation rate falls to 3.0%, below expectations of 3.1%.
Core CPI inflation fell to 3.3%, below expectations of 3.4%.
This marks the 39th consecutive month with inflation at or above 3%.
It's also the 3rd straight month with declining CPI inflation.
๐บ๐ธ CPI inflatioN fell by -0.1% in June 2024, below expectations of a +0.1% increase.
This is officially the first NEGATIVE month-over-month inflation print since May 2020.
The Fed is going to love this inflation report.
๐บ๐ธWhile June CPI inflation is at 3.0%, inflation is much higher in many basic necessities:
1. Car Insurance Inflation: 19.5%
2. Transportation Inflation: 9.4%
3. Hospital Services Inflation: 6.9%
4. Car Repair Inflation: 6.0%
5. Electricity Inflation: 5.9%
6. Homeowner Inflation: 5.4%
7. Rent Inflation: 5.1%
8. Food Away From Home Inflation: 4.1%
Inflation has been at or above 3% for 39 consecutive months now.
While June CPI was a move in the right direction, elevated inflation in key categories makes inflation feel much higher.
We've also now had over 3 years of compounding inflation.
Affordability is still getting worse.
๐บ๐ธSEC officially ends investigation into stablecoin issuer Paxos, declares $BUSD is not a security.
Core CPI inflation fell to 3.3%, below expectations of 3.4%.
This marks the 39th consecutive month with inflation at or above 3%.
It's also the 3rd straight month with declining CPI inflation.
๐บ๐ธ CPI inflatioN fell by -0.1% in June 2024, below expectations of a +0.1% increase.
This is officially the first NEGATIVE month-over-month inflation print since May 2020.
The Fed is going to love this inflation report.
๐บ๐ธWhile June CPI inflation is at 3.0%, inflation is much higher in many basic necessities:
1. Car Insurance Inflation: 19.5%
2. Transportation Inflation: 9.4%
3. Hospital Services Inflation: 6.9%
4. Car Repair Inflation: 6.0%
5. Electricity Inflation: 5.9%
6. Homeowner Inflation: 5.4%
7. Rent Inflation: 5.1%
8. Food Away From Home Inflation: 4.1%
Inflation has been at or above 3% for 39 consecutive months now.
While June CPI was a move in the right direction, elevated inflation in key categories makes inflation feel much higher.
We've also now had over 3 years of compounding inflation.
Affordability is still getting worse.
๐บ๐ธSEC officially ends investigation into stablecoin issuer Paxos, declares $BUSD is not a security.
A new CME report has been released, based on which we can conclude that institutions are starting to increase their positions, likely in anticipation of higher volatility ๐๐
Waiting ๐ฟ
#BTC
Waiting ๐ฟ
#BTC
Forbes counted the top ten cryptocurrencies with the best performance in the first half of 2024, which are:
WIF: up 1,306%, market cap $2.1 billion
Pepe: up 815%, $5 billion
FET: up 545%, $3.6 billion
Floki: up 392%, $1.6 billion
JASMY: up 343%, $1.4 billion
AR: up 188%, $1.8 billion
Core: up 152%, $1.2 billion
Toncoin: up 135%, $18.8 billion
BGB: up 100%, $1.6 billion
Bonk: up 90%, $1.5 billion โ link
WIF: up 1,306%, market cap $2.1 billion
Pepe: up 815%, $5 billion
FET: up 545%, $3.6 billion
Floki: up 392%, $1.6 billion
JASMY: up 343%, $1.4 billion
AR: up 188%, $1.8 billion
Core: up 152%, $1.2 billion
Toncoin: up 135%, $18.8 billion
BGB: up 100%, $1.6 billion
Bonk: up 90%, $1.5 billion โ link
Forbes
These Meme Coins Outperformed Bitcoin In 2024 First Halfโs $600 Billion Crypto Rally
Bitcoin accounted for almost two-thirds of the crypto rally, but several tokens, including one named after Elon Muskโs dog, delivered higher percentage gains.
If history rhymes #Bitcoin will have boring price action during the summer and the exponential run in Q4
While you were scared, whales just bought $4.3 billion worth of #Bitcoin
Inflows into #Bitcoin Spot ETFs are on the rise. Five days in a row of positive net flows for the first time in over a month.
This is a good sign for the market. If the trend continues, it will be bullish for Bitcoin. ๐
This is a good sign for the market. If the trend continues, it will be bullish for Bitcoin. ๐
Since Germany has finished selling their #Bitcoin , the price has increased almost 13% ๐
๐จ๐๐พ ๐จ CRYPTO CAFFEINE
Some potentially gamefi early bird projects.
Highly recommend. ๐๐โค๏ธ
๐ฉ๐ช German government puts out press release covering their "market-friendly sale" of 49,858 #Bitcoin.
It states, "the sale of assets even before the conclusion of ongoing criminal proceedings is always legally required if there is a threat of a significant loss in value of about ten percent or more. These conditions were always met with the volatile Bitcoins due to the enormous and extremely fast price fluctuations."
"From the beginning, less than one percent of the market volume of Bitcoins was regularly traded over 90 percent over the counter in a market-friendly manner. On this scale, there is no direct influence on the Bitcoin price."
It states, "the sale of assets even before the conclusion of ongoing criminal proceedings is always legally required if there is a threat of a significant loss in value of about ten percent or more. These conditions were always met with the volatile Bitcoins due to the enormous and extremely fast price fluctuations."
"From the beginning, less than one percent of the market volume of Bitcoins was regularly traded over 90 percent over the counter in a market-friendly manner. On this scale, there is no direct influence on the Bitcoin price."