Eurozone Q2 GDP year-on-year preliminary value

AVAX seems to continue its movement between 49.50-64.50, we need to stay above 55.35 to rise to the 64.50 resistance again, if we can't, we may see pullbacks up to 49.50. Sideways movements on the BTC side will be positive. #HotTopicDiscussion# #ContentSta# #BountyCreator# #GateioBountyCreator# #NewsMessenger# #GateLive# #MyFancyCreato# #Gate post Highlights# #BountyCreator# #AVAX# #ISMEI# #AIRTNT# #YFX#

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Galaxy's CEO, well-known figure in the market, Mike Novogratz, stated that Bitcoin will likely trade between $55,000 and $75,000 until a "new narrative" emerges. Novogratz suggests that Bitcoin's price movement may have entered a long period of dormancy until the market "narrative" takes a new shape. According to the famous figure, this narrative can emerge in two ways. Either the US central bank will lower interest rates or regulatory institutions will reduce pressure on crypto. COINTURK COINTURK > BITCOIN (BTC) > Mike Novogratz Revealed the Factors When Bitcoin Will Rise! Bitcoin (BTC) Mike Novogratz Reveals When Bitcoin Will Rise with Its Catalysts! Summary Mike Novogratz talked about BTC. Novogratz indicated the rise of BTC. According to the famous name, the US elections are very important. Market impact: Neutral Track Turkish cryptocurrency exchanges and prices from a single source: 21milyon.com Alican Ulker Publication Date: 15.5.2024, 04:30 Alican Ulker Mobile Reklam Galaxy's CEO, renowned figure in the market, Mike Novogratz, stated that Bitcoin will likely trade between $55,000 and $75,000 until a "new narrative" emerges. Novogratz suggests that Bitcoin's price movement may have entered a long period of hibernation until the market "story" takes on a new form. According to the famous figure, this narrative can emerge in two ways. Either the US central bank will lower interest rates or regulatory institutions will reduce pressure on crypto. Subheadings Bitcoin's Quest for a New Story Fed and Regulators Bitcoin's New Story Quest On Tuesday, Novogratz, who made statements about the company's earnings, stated that after a strong first quarter, cryptocurrency went through a consolidation phase and Bitcoin's price could fluctuate between $55,000 and $75,000 until it rises to new levels after the next market events. Novogratz said the following in an interview with Bloomberg on Tuesday: Bitcoin always needs a narrative. If you think of Bitcoin as digital gold, there are always two narratives: the first one is macro, and the second one is adoption. If we look back and make comments about the price of Bitcoin, it can be seen that it is affected by macroeconomic trends. Generally, it tends to rise during periods of dovish central bank policies, while it tends to fall during hawkish periods. Bitcoin fell below $57,000 in the beginning of the month due to fears that the Federal Reserve might continue with higher interest rates in the upcoming FOMC meeting. Although it was later proven to be true, the central bank also promised a slowdown in the tightening pace, which is seen as a blessing for market liquidity. As a result, there was a recovery in the price of BTC after the meeting. Fed and Regulators Until there is a change in macroeconomic data and a decrease in inflation rates, Novogratz notes that the Fed is "on hold" and says that Bitcoin is also adapting to it. Bitcoin will likely trade in a range until this movement and/or more regulatory clarity in short-term rates is seen both here and abroad. Bitcoin's 50% increase in the first quarter of the year is believed to be largely due to the excitement generated by the newly introduced Bitcoin spot ETFs. However, it has been observed that ETFs have experienced net outflows in the second quarter of the year so far. Both the halving of Bitcoin and the entry of the Runes token standard into the market took place last month, creating two important narratives for Bitcoin. Regulatory institutions were also emphasized by Novogratz, and he mentioned that a greater clarity in cryptocurrencies will be provided after the US federal elections to be held this autumn. NOT AN INVESTMENT ADVICE. #ContentStar##HotTopicDiscussion#

#RBT# #ISME# Look at my dynamics.,Yesterday I said that you can slowly ambush.,Small money will slowly become big money.,ISME will have a move.,Don't worry.