Stuart Englert’s Post

Crypto traders need to pay close attention to critical macro indicators like the copper-to-gold ratio. The ratio is falling fast, a negative sign for risk assets, including cryptocurrencies. "The ratio of copper to gold rises as the global economy expands, and the stocks rise, too. When economic uncertainties increase, demand for gold for hedging rises, and copper-to-gold declines," the data tracking website MacroMicro said in the chart explainer. In a nutshell, bitcoin could see downside volatility if the falling copper-to-gold ratio is a guide. #bitcoin #copper #gold

Gold has rallied 10% to record highs this quarter, leaving behind bitcoin and Wall Street's benchmark index, the S&P 500. Many analysts believe that the surge in Gold could provide favorable macroeconomic conditions for bitcoin. André Dragosch, head of research at ETC Group, opined that gold's rally likely indicates a sharp slide in inflation-adjusted U.S. government bond yields ahead. The decline in the so-called real yields typically has investors rotating money into riskier investments like bitcoin and technology stocks, as observed in 2020. #bitcoin #gold #cryptonews

The Bitcoin halvings have historically been important catalysts for bull markets. Speculators often front-run the event, leading to price appreciation in the month leading up to the halving. Supply and Demand Dynamics: The #halving reduces the issuance rewards for miners by half. However, the net demand for holding Bitcoin remains the primary driver of its price. The current inflation rate is around 1.8%, similar to gold, and will drop to 0.9% after the halving. The halving’s supply-side impact is relatively small, but its effect on price comes from the demand side. Hodlers and Price Formation: Many #Bitcoin #hodlers are fully invested and won’t sell even if the price rises. The balance between the marginal buyer and seller determines the price. The halving’s supply reduction is less significant due to hodlers behaviour. Predictions: While no one can predict with certainty, historical trends suggest a potential 14% appreciation in the month leading up to the halving. The halving’s impact on price will largely depend on demand dynamics and institutional participation. Conclusion: The halving is a crucial event, but its significance lies in influencing investor behaviour and market sentiment. Keep an eye on both supply changes and institutional interest to gauge Bitcoin’s performance. In summary, while the halving is exciting, focusing on the bigger picture is essential: Bitcoin’s long-term potential and the evolving market landscape. 🚀💡🌟 For more detailed insights, I recommend reading the full article. 📖  https://lnkd.in/empaaq-w

After a few weeks of incredible run, Bitcoin prices felt pressure. Our head of research Greta Yuan shared her insights with CoinDesk on what are the key drivers behind the price adjustment. The recent strong [U.S.] CPI data has further cooled the expectation of a Fed rate cut, and gold prices have also tumbled. The recent surge in bitcoin prices has been too fast for the market to price correctly, so the current correction is expected," #hongkong #vdx #exchange #trading #digitalassets #bitcoin https://lnkd.in/guufTw3d

Bitcoin has dipped below $61K, reminding us of its volatility during global crises. This sharp decline mirrors the broader market slump, with the S&P 500 and Nasdaq both in the red. Meanwhile, traditional safe-haven assets like gold are climbing up 1.2%, nearing all-time highs. This divergence raises an interesting question: Is Bitcoin really the “digital gold” we once thought, or is it more closely tied to the stock market's riskier side? The 30-day correlation between Bitcoin and the S&P 500 hitting a yearly high of 0.62 suggests that investors may be viewing Bitcoin less as a hedge, and more as a high-risk asset, especially in times of geopolitical uncertainty. I’m confident the market will rebound and cross 100K, and if Bitcoin does dip, I believe the lowest we might see in the coming days could range between $40K-$49K, but only if it breaks its support at $55K. DYOR #Bitcoin #Gold #Crypto #Investing

Bitcoin is it a crucial stage of this market cycle as several factors signal continued downside whilst others indicate that BTC is set to bottom out, data from Cryptoquant shows.

What happens if Chinese investors looking for their next haven for their wealth shift their focus from gold and overseas real estate to bitcoin? We might soon find out.

Pro Charts - Crypto: Chart Analysis: Key Levels On Bitcoin

📊 Analysts warn that macroeconomic trends in the US could cause a decline in Bitcoin's price Peter Oppenheimer from Goldman Sachs and crypto options trader Chang agree that there is a potential for government bond yields to continue to rise. As of today, the 10-year Treasury has climbed to 4.55%, and the 2-year Treasury yield is approaching 5%. This means that if this happens, traders will potentially shift their funds out of sectors with riskier assets, like crypto. https://lnkd.in/ejS9VzDS

Heightened anticipation for spot-based bitcoin ETFs in the U.S. and the eventual inflows supercharged bitcoin's run-up to new all-time highs, and now Hong Kong regulators reportedly are inching closer to approving similar funds, news that thus far has been mostly unnoticed in crypto circles.