Crypto Bull Signals
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Euro season is over. The market is pumped back. But the volume seems weaker than usual
🚀Key Events This Week:
1. Fed Chair Powell Speaks - Monday
2. June Retail Sales data - Tuesday
3. June Building Permits data - Wednesday
4. Philly Fed Manufacturing data - Thursday
5. Total of 11 Fed speaker events this week
6. Large banks report Q2 2024 earnings
The German government has sold all its Bitcoin, sending 3,846 BTC ($223.8m) to Kraken and other addresses, leaving them with 0 BTC.
JPMorgan expects the crypto market to rebound in August after liquidations by Mt.Gox, Gemini, and the German government end in July.
The bank revised its year-to-date crypto net flow estimate to $8bn from $12bn.
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BTC still not bullish, no cloud flip, reacts to the red line I drew years ago.
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Germany is almost done selling Bitcoin, holding under 5,000 tokens after recent transfers to exchanges by authorities.
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US announced the inflation figures:
CPI: 3.3% YoY, -0.1% MoM
Forecasted CPI: 3.4% YoY, 0.1% MoM
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Donald trump will speak at the Bitcoin 2024 conference in Nashville on July 25 to 27.
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