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Gold, Bitcoin (BTC), and the S&P 500 peaked at new highs on March 8, quickly retracing to levels seen on the previous day. At the same time, the finance market‘s expectations for lower interest rates increase, creating a strong signal for investors. In a recent Analysis , Bloomberg Intelligence ’s Mike McGlone highlighted a crucial relationship between commodity prices, the S&P 500, and Federal Reserve rate-cut expectations amid potential recessionary warnings. Notably, McGlone’s findings point to a paradoxical situation where the cure for high commodity prices could inadvertently trigger economic downturns. Meanwhile, risk assets reaching new highs would lead to increased inflation metrics. Further, it has potentially triggered renewed hawkish policies by the Federal Reserve. Picks for you Long squeeze alert for next week: two cryptocurrencies that could crash 1 hour ago Bitcoin’s historical patterns hint at next narrative BTC will break 3 hours ag...

Veteran trader Peter Brandt believes that although Bitcoin has hit its floor, market participants should prepare for a rocky ascent to a new record high. On Oct. 26, Brandt shared with his 660,000 followers on X, formerly Twitter, that Bitcoin (BTC) likely bottomed out in November 2022 and is poised to hit new highs by the third quarter of 2024. While optimistic, he also noted caution in his statement, emphasizing that the future remains unpredictable and that markets are perpetually capable of surprises. Anyone who declares they know the future path of any market is a fool. Markets will ALWAYS surprise. Yet, with this disclaimer, I believe: 1. The $BTC bottom is in 2. New ATHs not coming until Q3 2024 3. Chop fest in the meanwhile I've used this blueprint for approx 2 years pic.twitter.com/hVt0zbTOsm — Peter Brandt (@PeterLBrandt) October 25, 2023 When questioned by an X user about his views on Chainlink’s LINK token, Brandt was unequivocal, stating he focuses ...

Bitcoin clinches a BTC price boost as the latest U.S. macro data flows in, with all eyes on Powell next. Bitcoin (BTC) hit new weekly highs after the Sep. 28 Wall Street open as markets awaited fresh cues from the United States Federal Reserve. BTC/USD 1-hour chart. Source: TradingView Bitcoin summons volatility ahead of Powell speech Data from Cointelegraph Markets Pro and TradingView showed BTC price strength staging a comeback on the day, having delivered what some referred to as a classic “pump and dump” 24 hours prior. During that performance, highs of $26,823 appeared on Bitstamp as the result of 2% daily gains before Bitcoin retraced all of its progress. A slower grind higher then took hold, with bulls edging closer to $27,000 at the time of writing. Bitcoin appeared to react well to the latest U.S. macroeconomic data prints. GDP for Q2 grew by 1.7% year on year — below the projected 2.0% — while Personal Consumption Expenditures (PCE) index data for August came in in line w...

BTC price volatility returns as good news over the GBTC conversion to a spot Bitcoin ETF sends markets rallying. Bitcoin (BTC) neared two -week highs on Aug. 29 as news hit that digital asset manager Grayscale had won a lawsuit against United States regulators. BTC/USD 1-day chart. Source: TradingView SEC was "arbitrary and capricious" with Bitcoin ETF rejection Data from Cointelegraph Markets Pro and TradingView captured an instant BTC price reaction to the event, with BTC/USD gaining $1,700 in around 30 minutes. The news upended a stale Bitcoin trading environment which had endured after snap losses in mid-August. A ruling by the United States Court of Appeals for the District of Columbia Circuit stated that the U.S. Securities and Exchange Commission (SEC) was wrong to reject an application by Grayscale to launch an exchange-traded fund (ETF) using the Bitcoin spot price as its basis. “The denial of Grayscale's proposal was arbitrary and capricious because the SEC ...

In January 2017, Bitcoin breached the $1000 benchmark, creating a new record high at that time. By mid-December that year, the asset already inclined to a new peak at around $19.7k. Fast forward to today, the largest crypto asset is currently trading at levels at par with 2017’s highs . Source: TradingView In fact, “Checkmatey,” the pseudonymous lead on-chain analyst at Glassnode, took to Twitter to highlight that Bitcoin’s realized dominance currently stood at 59% and was “rising.” As illustrated below, the current levels were at multi-year highs . Yet again, even they were only seen back in December 2017 before this. The rising dominance of Bitcoin is perhaps one of the few silver linings of the ongoing bear market. Stressing the importance of the realized cap relative to the market cap, the analyst said, “ Market cap is a metric that allows the SBFs of the world to run their high fully-diluted value scam valuations and dupe investo...