Bitcoin's $100K Glitch, Bulls Eye $115K Target | Inflation & Fed Watch
Failed to add items
Sorry, we are unable to add the item because your shopping cart is already at capacity.
Add to basket failed.
Please try again later
Add to Wish List failed.
Please try again later
Remove from Wish List failed.
Please try again later
Follow podcast failed
Unfollow podcast failed
Bitcoin's $100K Glitch, Bulls Eye $115K Target | Inflation & Fed Watch
-
Narrated by:
-
By:
About this listen
Hey there crypto pals, Crypto Willy here with your weekly roundup on The Bitcoin & Cryptocurrency Investment Show! What a rollercoaster week it's been in the digital asset space.
Let's kick things off with the major headline from today - Bitcoin experienced a bizarre glitch on the MEXC Exchange where it appeared to drop 100% from $103,000 all the way down to zero! Don't panic though, folks. This wasn't an actual market crash but rather a TradingView visualization error that caused quite the stir in our crypto community. These technical hiccups remind us that even with all our advanced systems, we're still in the early days of this technology.
Bitcoin has been hovering around the $105,000 mark after pulling back from its recent all-time high. Many of you have been asking if BTC will fall back below the psychological $100,000 barrier. The market's been keeping a close eye on this as we saw a 4.1% dip in the overall crypto market cap to $3.33 trillion just yesterday, with daily trading volume reaching $142.2 billion.
But here's where it gets interesting - Bitfinex analysts are projecting Bitcoin could climb as high as $115,000 or potentially even higher by early July. What's driving this bullish outlook? A powerful combination of institutional demand, steady ETF inflows, and broader macroeconomic catalysts.
Speaking of catalysts, yesterday's U.S. jobs report is expected to influence Federal Reserve rate cut expectations, which could be particularly favorable for risk assets like Bitcoin. The analysts suggest that weaker-than-expected employment figures might reinforce disinflation trends and support a more dovish Fed stance. If that scenario plays out, we could potentially see Bitcoin testing the $120K to $125K range this month!
Looking at some forecasts, CoinCodex is projecting Bitcoin to rise by about 12.31% to reach approximately $118,641 by July 4th. That would certainly be something to celebrate on Independence Day!
It's worth noting that the current economic landscape continues to impact Bitcoin's trajectory. The ongoing Russia-Ukraine conflict and trade tensions between the United States and China have created uncertainty in traditional markets, which often increases BTC's appeal as an alternative investment.
Inflation concerns continue to influence global monetary policy, with central banks including the Federal Reserve maintaining caution around interest rates. This environment potentially enhances Bitcoin's role as a store of value for investors looking to protect their capital.
That's all for this week's update! Remember, while we're seeing some exciting predictions, the crypto space remains volatile - so always do your research and invest responsibly. This is Crypto Willy signing off until next week. Keep hodling, my friends!
Get the best deals https://amzn.to/3ODvOta
What listeners say about Bitcoin's $100K Glitch, Bulls Eye $115K Target | Inflation & Fed Watch
Average Customer RatingsReviews - Please select the tabs below to change the source of reviews.
In the spirit of reconciliation, Audible acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.