🚀 Bitcoin Rockets Upward as Bullish Sentiment Floods Crypto Markets

Wall Street's favorite volatile asset is back with a vengeance—BTC just punched through resistance levels like a hype-fueled bull in a china shop.

The Fear & Greed Index flipped overnight

Market psychology did a 180-degree turn as institutional money finally woke up to what retail traders knew for months. Suddenly everyone's a 'long-term holder' again—funny how price action changes convictions.

Liquidity hunters swarm

Algos are front-running the FOMO crowd while traditional finance analysts scramble to update their 'bubble' narratives. Newsflash: your 60/40 portfolio got wrecked by a bunch of meme-trading degens.

This rally's got legs... until the next whale decides to take profits. Enjoy the ride while it lasts—the crypto rollercoaster only goes up until it doesn't.

$106,594 climbed to $106,800, signaling a resurgence in the cryptocurrency markets. The Minister of Trade had indicated that the recovery phase would commence by the third quarter. With the two most challenging quarters now behind, there is optimism for growth, especially if no adverse surprises arise regarding tariffs.

ContentsThe Impact of Fed’s Potential Rate CutCurrent Economic Observations

The Impact of Fed’s Potential Rate Cut

Mid-month inflation data is expected, followed by the Fed’s interest rate decision at month’s end. A slowdown in employment has led three Fed members to assert that the time for rate cuts has arrived. Even Powell now hesitates to declare with certainty that there will be no rate cut in July. If a tariff agreement concludes with low taxes, the limited impact on inflation might encourage the Fed to cut rates.

Current Economic Observations

The U.S. economy is in good shape, with inflation trends aligning with expectations and hopes. There are expectations for higher figures during the summer months. Upon observing the scale of customs duties, interest rate hikes have been paused. A cautious approach of waiting for more information is deemed wise.

A majority within the Fed anticipates rate cuts later this year. Speculation remains regarding whether July is too premature for such cuts, keeping all meetings on the agenda, data-dependent. There is a gradual cooling observed in the labor market, but growth remains robust, bolstered by a strong labor market.

The U.S. S&P Manufacturing PMI Final data was released at 52.9, compared to a forecast of 52 and a previous figure of 52.0, thereby balancing recession fears. This scenario is favorable for cryptocurrencies.

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