Tuesday’s calendar
Tue: US Primary Super Tuesday, Chinese Caixin Services PMI Final (Feb), EZ/UK/US Services and Composite PMI Final (Feb), EZ PPI (Jan), US ISM Services PMI (Feb), South Korean CPI (Feb
See our Economic Calendar
With BTC’s halving cycle in April, we may see more funds flowing into the original crypto. Analysts anticipate a crypto market bull run, fueled by BTC’s latest price spike. BTC’s gains may pour into other assets, leading to a market-wide rally. Some analysts have gone as far as to predict BTC hitting the $1 million mark in 2024.
GV – Reserve’s Bank Term Funding Program (BTFP) will sunset as planned on March 11, ending a program that helped calm the markets after last year’s collapses of Silicon Valley Bank and Signature Bank threatened a broader financial crisis. Bitcoin is scheduled to “halve/split” in April. The last time that transpired the not yet viable non-asset backed digital instrument doubled in price. Investors should not look at BTC as an inflation hedge, but rather as a hedge against monetary debasement perhaps. Personally, I am not jumping in at these levels in BTC.
BTC MOnthly Chart
BTC (Bitcoin) relentless rise is now within spitting distance of its 68861 record high
THE SHARP MOVES UP IN GOLD AND BTC WHILE THE FOREX MARKET IS ON THE SIDELINES IS NOT A VOTE FOR FIAT CURRENCIES.
With that said, it is hard to suggest trading BTC from here as there should be no interest in standing in front of the BulletTrain but now dependent on the record high being taken out to move even higher.
© 2024 Global View