Former President Trump’s announcement of a $2,000 tariff “dividend” sends ripples through the cryptocurrency market!
Will Bitcoin avoid its fourth “death cross” in history? Target price of $102,000!
Are signs of altcoin season still ahead? Analysts predict BTC dominance will remain bearish for several weeks.
BlackRock remains bullish on Bitcoin despite price stagnation. Why?
The global money supply surges, reaching a record level of over $142 trillion in September!
Let’s dig deeper into market trends while deciphering the latest news on the global economy and cryptocurrencies! Let’s start with 24-hour data headlines from the cryptocurrency market.
Let’s start with the controversial tariff “dividend” policy announced by former President Trump. He shocked the market by announcing a $2,000 tariff refund. This is attracting attention as a new economic stimulus measure amid ongoing trade friction between the US and China, but its impact could also extend to the cryptocurrency market. While some believe that the increased burden on consumers due to tariffs will encourage a flight to dollar-denominated assets, market uncertainty is growing. In the past, Bitcoin has been heralded as “digital gold” during trade frictions, and it will be interesting to see whether demand for it as a safe-haven asset will similarly increase this time around.
Next, we turn to the “death cross,” a hot topic in the Bitcoin market. This occurs when the short-term moving average falls below the long-term moving average and has previously signaled a price decline. While there are concerns that a fourth “death cross” could occur around $102,000 this time, some experts suggest that if this can be avoided, the bull market could continue. Past data suggests that a significant correction immediately following a “death cross” has subsequently rebounded and reached new highs, so market participants are watching with caution but also with anticipation.
As for the altcoin market, many believe the excitement known as “alt season” is still ahead. In particular, BTC dominance is showing a bearish trend, with predictions of a downtrend lasting several weeks. This situation will likely encourage investor caution and limit capital inflows into altcoins. However, there is hope that funds will return to the altcoin market after this period, so it is important to understand the overall market cycle.
Furthermore, major asset management company BlackRock remains bullish on Bitcoin despite the recent slump in its price. The company cites long-term growth potential and increasing participation from institutional investors as reasons for its confidence in the market as a whole. The actions of such major players will reassure many investors and have a positive impact on market sentiment.
Finally, regarding the global money supply, it was reported that it reached a record high of $142 trillion in September of this year. This was driven by central bank monetary easing policies and increased fiscal spending by governments around the world. This expanding money supply is likely to lead to inflationary pressures and currency fluctuations, which are thought to be contributing to increased interest in and demand for cryptocurrencies.
Let’s now summarize the psychological and economic impacts that can be gleaned from this news cycle.
First, Trump’s tariff reduction policy is having a complex impact on both consumer sentiment and business activity, bringing a dual atmosphere of uncertainty and expectation to the market as a whole. This leads to expected increased volatility in the short term.
Second, expectations of avoiding a “death cross” are supporting investor sentiment and offering hope for a continuation of the bull market to some extent. However, past examples suggest that caution remains strong, necessitating prudent investment management.
Third, the long-term bullish stance of major institutional investors such as BlackRock is expected to restore confidence in the market as a whole and encourage new entrants, contributing to the creation of a foundation for medium-term growth.
That concludes today’s news highlights. If you find this channel valuable, please share, follow, and turn on notifications.
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