#May CPI Incoming#
This Wednesday, the U.S. will release May CPI data — a key test for rate cut expectations. Cleveland Fed forecasts 2.4% YoY CPI (up from 2.3%), with core CPI flat.
💬 If inflation beats expectations, will the Fed still cut in June? Will you stay on the sidelines or take early action?
#Tech Giants Eye Stablecoins#
Apple, Google, Airbnb, and X are in talks to integrate stablecoins into their payment systems, aiming to cut fees and streamline global payments. Following Circle’s IPO surge, stablecoins are quickly gaining traction across tech and finance.
💬 Could stablecoins be
#Bitcoin narrows its price change. Which direction will it go, up or down?#
Anonymous cryptocurrency trader Rekt Capital has stated that Bitcoin is perfectly replicating its 2016 history, with a descending candle below the lower boundary of the current range of re-accumulation three weeks after the halving. Rekt said that the re-accumulation range at this stage of the cycle is any price below $61,081.
Timothy Peterson, founder and investment manager of Cane Island Alternative Advisors, pointed out the decrease in prices from the all-time high (ATH) chart, which measures the decline of Bitcoin from peak to trough over a specific period of time, as an indicator of Bitcoin's current price. By the beginning of 2025, prices could increase almost sixfold. Based on adoption and previous fund outflows, we can assume that the peak of this cycle within the next 9 months will range from $175,000 to $350,000.
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