Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Is this the relative calm before a storm? As we descend on this mid-week, event risk should begin to heighten while investors ponder over the outcomes of the BoJ, ECB and BoE in the next couple of trading sessions. If that is not enough for them, there is always US job numbers this Friday to test ones current market conviction. As expected yesterday's gains in US factory orders eased some worries about US growth, keeping US treasury prices down for most of the day and allowing the yield curve to shift a tad higher. Since then, investors have maintained caution ahead of other key US data.
There is growing market expectations of some reaction from the ECB given the weak PMI's, rising fragmentation risks on the back of developments in Cyprus and slowing money supply growth. The market seems spilt on Draghi potential reaction to how the Euro-zone economy is actually performing. He is expected to acknowledge banking sector risks and perhaps appear more confident on the economy...
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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