🇺🇸 The SEC decision for the ARK Invest spot Bitcoin ETF on August 13.
The decision is expected to be announced today as it coincided with Sunday.
CPI is better than market expected
In reality, not much better and inflation is still high
Jerome Powell will confirm my words in next FOMC
Inflation still high and they will increase rate hikes
Digital asset investment products saw outflows this week, totalling $107m with profit taking gathering pace in recent weeks. Bitcoin was again the primary focus, seeing outflows totalling $111m, the largest weekly outflows since March
Читать полностью…#BTC Volume remains to be dropping...
This is indicating a huge move is going to be imminent!
NEW: MicroStrategy enters into an agreement to sell $750 MILLION worth of Class A Stock in order to buy more #Bitcoin 🙌
Saylor isn't even close to being done 👀
BREAKING NEWS!
Banking regulators have issued a warning to banks that they should stop doing business with PayPal. 📉
U.S. CPI in 20 mins
Forecast:
CPI y/y: 3.3%
CPI m/m: 0.2%
Core CPI y/y: 4.7%
Core CPI m/m: 0.2%
‼️Key Events This Week:
1. July CPI Inflation data - Thursday
2. Jobless Claims data - Thursday
3. July PPI Inflation data - Friday
4. Consumer Sentiment data - Friday
5. Total of 3 Fed members speak
6. ~15% of S&P 500 companies reporting earnings
Another busy week ahead.
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BTC Update
Bitcoin formed descending channel, then broke out.
Low volume raises concerns despite the breakout.
Crucial resistance at approximately 30K.
To turn Bullish, Bitcoin must breach this level.