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The global cryptocurrency market is watching Bitcoin’s (BTC) fourth mining reward halving in April 2024 as a potential game changer. The event, which halves the rate of supply expansion, has traditionally led to significant price increases post-halving. However, Bitcoin’s success is also influenced by macro factors like fiat liquidity conditions. Despite current positive trends, the worldwide M2 money supply growth rate is below the critical 6% threshold, leading some to question Bitcoin’s potential performance post-2024 halving.

“While crypto enthusiasts anticipate a Bitcoin bull market, ARK Invest shares a cautionary perspective. Macro factors such as interest rates, inflation, GDP, and unemployment affect the strength of cryptocurrencies. Current macroeconomic uncertainties signal a potentially rocky path ahead despite the transformative potential of Bitcoin and AI.”

“Despite the gloomy market sentiment and legal hurdles from SEC, market analysts forecast Bitcoin could hit the $22K mark. U.S. inflation drop and Federal Reserve’s liquidity drainage could push investors to alternative assets like Bitcoin. However, serious challenges still remain.”

Despite Ethereum’s 31.3% price surge between March 10 and 18, there are concerns about the crypto’s ability to maintain this upward momentum. Rising bearish sentiment, decreases in key ETH price metrics, and negative market developments are troubling the ecosystem. There are fears over potential liquidation of some $4.8 billion ETH deposits held in the Grayscale Ethereum Trust, amid declining smart contract transactions and investor interest. Ethereum’s position is further pressured by its competitors like Visa integrating Solana blockchain and Coinbase planning to convert old versions of USDC to a new format.

“Recent data on Bitcoin futures highlights a potential correction to a $22,000 BTC. This is amid bearish derivate trends and U.S. regulatory uncertainties including postponed BTC ETFs and potential indictment of leading cryptocurrency exchanges Binance and Coinbase by the DOJ.”

“The cryptosphere is witnessing a drop in prices of major coins, especially SUI and HBAR due to an expected increase in circulating supply. This token unlock event – a strategy to alleviate selling pressure from early investors and project team members, could cause market fluctuations. However, these short-term shifts should not disconcert investors as smart strategizing can turn such events into opportunities.”

Jerome Powell’s hawkish remarks prompted an initial dip, then rebound, for bitcoin, showcasing the cryptocurrency’s resilience to external monetary shocks. Despite volatile tendencies, cryptocurrencies may offer an alternative, potentially stable investment option, even amidst fluctuating traditional markets and restrictive monetary policies.

Despite Bitcoin’s recent longest negative year-over-year returns, Dan Morehead, founder of crypto investment firm Pantera Capital, remains optimistic. He believes the half-cut of the BTC block reward for mining in April 2024 will propel bitcoin’s price. His models suggest that bitcoin will reach around $35,500 by the halving and nearly $150,000 by late 2025. Amid market fluctuations, Bitcoin’s future trajectory continues to raise questions.

“Macroeconomist Lyn Alden argues against the feasibility of a forthcoming gold-backed BRICS currency, citing it a tough challenge for BRICS members. Doubts are raised about the model backing a fractional-reserve banking system with gold.”

“This article explores potential reasons behind the sudden 8% drop in Bitcoin’s price, including speculation of SpaceX offloading Bitcoin holdings, expectations of future interest rate hikes, and increased government bond yields. However, the actual cause may be a complex mix of factors illustrating the inherent volatility in crypto markets.”

The anticipation of further U.S. inflation data, such as July’s Consumer Price Index (CPI) report, has Bitcoin enthusiasts hopeful for positive impact. However, a surprise spike in inflation could potentially dampen Bitcoin’s progress by leading to further interest rate hikes.

Despite FactSet consensus projecting a decrease in Coinbase’s revenues, analysts anticipate a robust Q2 report, influenced by active retail trading and the U.S. District Court decision regarding XRP tokens and bitcoin ETF demand. However, factors such as potential court ruling reversal, regulatory concerns and Coinbase’s ongoing SEC lawsuit may affect the outlook.

Bitcoin traders are closely watching the $31K mark as $2B in BTC options are set to expire on July 28th, potentially establishing $29,500 as a strong support level. Despite changes in economic policies and looming inflation, the improving economic outlook and positive corporate earnings could lead to Bitcoin surpassing $31,000 in the coming weeks.”

“Bitcoin’s value experienced a rollercoaster ride due to alarming U.S. inflation statistics and swift market reactions. Although U.S. inflation has curtailed, Bitcoin retreated to nearly $30,500, a 1% decrease. Additionally, transactions from US government-seized bitcoin holdings may have nullified inflation news’ positive effects.”

“Despite looming regulatory uncertainties and global competition, there’s a surge in institutional demand for Bitcoin, leading to multiple ETF applications. The crypto market remains resilient despite economic uncertainties, reinforcing blockchain’s role as a game-changer, innovator, and boundary-breaker in finance.”

The “Great Accumulation” of Bitcoin is underway, potentially boosted by investment giants applying for a Bitcoin spot ETF. Meanwhile, Binance.US faces withdrawal issues, the UK makes progress with crypto adoption, and regulatory stances on stablecoins remain divided. The Atomic Wallet hack also highlights ongoing security concerns in the cryptosphere.

Bitcoin is experiencing the fastest accumulation rate in six months, with illiquid entities now holding a record high of 15,207,843 BTC. This growing trend signifies confidence in Bitcoin’s future price, despite macroeconomic uncertainty and regulatory risks. The market appears to be in a period of quiet accumulation, suggesting an undercurrent of demand.

Bitcoin struggles to find an upward trajectory amid China’s first benchmark lending rate cut in 10 months, reflecting a slowing economy. Market participants question the rate cuts’ sufficiency to revive China’s economy, while crypto enthusiasts anticipate a larger stimulus package may bring benefits to bitcoin.

The cryptocurrency market shows signs of recovery with Bitcoin bouncing back to $25,500, driven by factors such as Blackrock’s filing for a spot Bitcoin ETF and oversold conditions. However, caution and vigilance are essential as the market navigates uncertain conditions and ongoing regulatory disputes.

The crypto market experiences turbulence following regulatory actions and Federal Reserve’s uncertainty on interest rate hikes, with Cardano losing 22% in value in a week. This downturn raises debates on cryptocurrency investments as traditional financial instruments offer higher yields.

The Federal Reserve’s decision to maintain current interest rates has potential implications for Bitcoin’s future performance, with easing monetary pressure possibly contributing to a positive trajectory in 2023. Investors should stay informed on policy decisions and their effects on inflation for long-term success in cryptocurrencies.

U.S. inflation rate records a 4% drop, potentially causing the Federal Reserve to avoid raising interest rates, leading many to consider cryptocurrencies with strong fundamentals as good investment options. Market outlook remains uncertain, but cryptocurrency investments may become more attractive.

The upcoming week shifts focus from crypto-specific events to economic news, with critical events like the US Consumer Price Index release, Federal Open Market Committee’s June meeting results, and the European Central Bank’s rate hike decision expected to significantly impact both cryptocurrency and traditional markets.

Digital asset investment products witnessed $88 million in outflows last week, with a total of $417 million withdrawn over eight consecutive weeks, affecting primarily Bitcoin and Ethereum. Factors contributing to these outflows include monetary policy and regulatory actions, creating an environment of caution. Upcoming macroeconomic data releases may potentially overshadow regulatory concerns and influence the cryptocurrency market’s future trajectory.

The U.S. Treasury Department’s $173 billion Treasury bills auction could drain U.S. dollar liquidity from the financial market and increase selling pressure on the crypto market, including Bitcoin. This move raises the risk of recession and may result in higher volatility and weaker returns for cryptocurrencies. However, the long-term outcome remains uncertain, as some investors may hedge against recession and inflation with digital currencies.

The U.S. economy’s steady job growth brings mixed implications for the blockchain and cryptocurrency markets, as potential benefits like increased demand for alternative assets may be offset by factors such as rising borrowing costs and potential regulations. Stay informed as the evolving economic landscape impacts crypto markets.

Bitcoin steadied after dropping below $28,000 due to progress on a debt ceiling deal, while government debt may prove favorable for the crypto market. Analysts suggest bitcoin’s resilience amid monetary tightening could be due to factors like store-of-value, NFTs, and supply/demand dynamics.

A bearish technical formation has caused a decline in total crypto market capitalization over seven weeks, with Bitcoin, BNB, and XRP experiencing drops. Sticky inflation and weak macroeconomic data, alongside regulatory risks, contribute to uncertainty and hinder bulls from regaining control.

Analyst Marcel Pechman discusses Bitcoin’s stagnation around $27,000, attributing it to macroeconomic factors. He explores the possibility of a breakout towards $29,000 but highlights less probable bullish gains due to current futures premium and options risk metrics.

Bitcoin holds below $27,000 as Federal Reserve Chair Jerome Powell indicates that credit stress in the banking sector might soften interest rate hikes, triggering a surge in BTC price. Powell’s statement impacts economic growth, hiring, and inflation, affecting upcoming interest rate decisions and the evolving economic outlook. This highlights the delicate balance between market factors and implications for cryptocurrency and the wider financial system.