| Time | Details |
|---|---|
| 2024-07-05 13:59 |
Bitcoin Slightly Bounces Amid Dropping Yields and Global Uncertainty
According to @CryptoMichNL, the unemployment rate came in at 4.1% compared to the expected 4.0%. As a result, yields are dropping, and Bitcoin has experienced a slight bounce to $55.6K. The upcoming daily and weekly closes will provide more insights. In times of global uncertainty, both Gold and Bitcoin tend to rise. (Source) |
| 2024-07-11 15:30 |
Altcoins Rally on Negative CPI Data
According to @CryptoMichNL, the recent CPI inflation data showed a negative month-over-month (M/M) change, leading to a positive reaction from altcoins. This reaction was driven by falling yields and a weakening dollar. Traders should also note that PPI data will be released tomorrow, which could further influence market movements. (Source) |
| 2024-07-31 16:00 |
FOMC Meeting May Impact Bitcoin Rally
According to @CryptoMichNL, the upcoming FOMC meeting at 8.00 PM CET is expected to be a non-event with no immediate changes. However, traders should focus on future guidance, particularly the potential for rate cuts in September. If rate cuts are indicated, it could lead to a fall in yields and a subsequent rally in Bitcoin. (Source) |
| 2024-08-02 17:00 |
Market Turmoil: Bitcoin Must Hold Above $60K
According to CryptoMichNL, the markets are experiencing a horrendous day with significant declines. The U.S. Dollar Index (DXY) is tanking, and yields are plummeting. This has led to substantial drops in U.S. stock markets, causing Bitcoin and Gold to fall as well. Bitcoin needs to hold above the $60K mark to avoid a severe downturn. (Source) |
| 2024-08-13 16:30 |
Market Focus Shifts to CPI Print as PPI Data Shows Inflation Cooling
According to CryptoMichNL, the Producer Price Index (PPI) data came in much softer than expected, indicating that inflation is cooling down. As a result, yields are falling. However, Bitcoin remains stagnant as the market's attention is now on the upcoming Consumer Price Index (CPI) print. (Source) |
| 12:00 |
Potential ETH Demand Surge Tied to DXY and Yield Reversal
According to CryptoMichNL, a reversal in the US Dollar Index (DXY) and bond yields could lead to increased demand in the Ethereum (ETH) ecosystem. If Ethereum can break through the 0.04 level, it may signify a positive momentum shift for traders. (Source) |