You can add Prague to the list of countries around the world making new highs.
There are more and more countries making new highs, not fewer. A broadening bull market is a positive development. Source: J-C Parets
Bitcoin Amazing Move Last Week
Last week, Bitcoin (XBTUSD) saw a strong sell-off to 78,225, revisiting the imbalance zone between 73,563-79,839 from last November. This level also aligns with the 50% Fibonacci retracement, reinforcing the idea of a healthy consolidation back into the discount zone. Ultimately, the week closed back above 91,306, forming an enormous hammer candle, a strong reversal signal. Keep an eye on the price action over the next few days. Source: Bloomberg
We have seen some positive correlation between bond yields and stocks recently.
Adding long-dated US Treasuries as a portfolio hedge now makes more sense. Source: Bloomberg, Barclays
JUST IN: Over $330,000,000,000 added to the cryptocurrency market in the past 4 hours.
Source: www.zerohedge.com
Some shorts might get hurt today
Source: www.zerohedge.com
The idea of XRP, SOLANA and CARDANO in a strategic U.S. reserve is so retarded that even Peter Schiff is becoming a Bitcoin maximalist.
Source: The ₿itcoin Therapist @TheBTCTherapist
Updated technical chart on bitcoin by J-C Parets.
👉 102 level is the big one. 155 is next. 242 after that. Source: J-C Parets
⚠️Markets are RAPIDLY shifting again:
The market is pricing in almost 3 Fed rate cuts in 2025, the highest since November. This is up from just 1 reduction expected just 2 weeks ago. This comes as US economic data has deteriorated sharply, and Treasury yields have dropped. Source: Global Markets Investor, Augur Infinity
