Bitfinex alpha | The thriving period has returned to Bitcoin

May 13th Bitfinex alpha | The thriving period has returned to Bitcoin

After more than three months of immobilising military writing, Bitcoin officially regained a $100,000 milestone, demonstrating its strength in rebirth. This recovery comes after prices fell 32% from their historic peak in January. It is motivated by cooling tariff tensions and positive macroeconomic factors that have begun to feel comfortable with the policy tone (Dovish).

It is worth noting that cash flow to Bitcoin appears to be sustainable. This is reflected in the real capital reaching new record highs above the $920 million threshold in just two weeks and cash flows to ETF funds. On-chain data also shows that the number of BTC holdings has declined sharply, with over 3 million BTC returning to the interest area. Combining the organization-led increased trading volume and ETF cash flow, Bitcoin is currently on a solid foundation. As long as macro conditions are still supported, short-term reductions will soon be absorbed, strengthening expectations for price rises and paving the path to Bitcoin to new heights.

Meanwhile, the Federal Reserve maintains interest rates in fear of rising inflation and unemployment, simultaneously escalating, highlighting the risk of “stagflation.” President Jerome Powell has highlighted uncertainty about the economic outlook, saying the Fed needs more data before deciding on the next lawsuit. The market is hoping to cut interest rates in July, but the Fed remains cautious and prioritizes price stability rather than a quick response to slow growth.

In the energy sector, crude oil prices have plummeted due to an increase in OPEC+ target output, but US gasoline prices remained high and stubborn due to their tight oil filtration capabilities and seasonal demand. This difference, derived from refinery knots and processing profit benefits, indicates that retail fuel costs can only be reduced if supply problems are resolved and crude prices remain at a low level.

The US English Trade Agreement has only recently been praised. It also provides very modest economic benefits. Tariffs on some items, such as UK cars and US produce, have been declining, but the contract does not have comprehensive overall compensation and offers only small benefits, but the larger trade challenges are not addressed.

It put pressure on the economy, adding labor productivity in the US for the first time in nearly three years, and labor costs for each unit have skyrocketed, impacted by tariffs and trade interruptions. Companies struggle with increasing payroll costs and decreasing efficiency, which can lead to reduced profit margins and shy investments unless productivity is recovered or trade stress is alleviated.

In the Crypto world, new developments show growing interest from organizations and governments, but there are still many legal and political barriers. New Hampshire created a breakthrough when it became the first state in the United States through laws that allowed investment in cryptocurrencies and precious metals. The move reflects the consolidated trend in digital assets at the state level amid continuing national policy debate.

Meanwhile, Washington’s legislation continued. The US Senate was unable to pass the Genius Law bill with a 48-49 turnout, and the three senators did not vote and were asked to be reconsidered. This illustrates the difficulty of achieving bisexual consensus on major bills related to the economy and innovation. In the private sector, BlackRock promotes its role by meeting with the U.S. Stock Exchange (SEC) committee, discussing the introduction of staking functions and improving options trading rules for crypto ETFs. This conference was a key development step in managing Digital Assets, with BlackRock supporting staking on ETF-based Ethereum-based ETFs and expanding product capabilities. This also reflects a shift in the SEC approach as agents actively form digital property spaces.

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