"I should have bought it" is a news podcast with the editorial staff of ForkLog about the main industry events of the week and the "hottest" tokens.
Topics: slowing inflation in the United States, the psychological factor of Mt. Gox, "bears" from Germany, inflows into ETFs and the probability of bitcoin falling to $44,000.
Participants: ForkLog authors Alex K. and Vasily Smirnov, ChatDPT project hosts Peter Bel and Denis Smirnov.
Inflation in the US has slowed down, but it has not helped Bitcoin
By the end of June, annual inflation in the United States slowed from 3.3% to 3%, which was below the consensus forecast of 3.1%.
Favorable macro data stimulated the growth of bitcoin, the value of which briefly rose above the $59,000 mark. However, it was not possible to gain a foothold above the psychological level of $ 60,000. An additional resistance was the 200-day moving average.
Citi analysts predicted the beginning of the Fed's key rate cut cycle. Experts noted that the regulator will make a policy change due to the movement of the US economy "towards a sharp recession."
The $100,000 rate, no matter what
The German authorities continue to move large amounts of bitcoins, and the Bitstamp exchange promised to promptly distribute payments from Mt.Gox. However, Bitwise investment director Matt Hougan is confident that these and other bearish factors will not be an obstacle on bitcoin's path to the $100,000 mark by the end of the year.
The expert identified five "tailwinds":
inflows into Spot Bitcoin ETFs;halving of the first cryptocurrency;the expected launch of spot Ethereum ETFs;the changing political situation in the United States;the prospect of a Fed rate cut.Separately, the specialist highlighted the "tectonic shifts" in relation to cryptocurrencies among politicians thanks to Republicans who have included digital assets in their agenda for this year.
Spoon of tar
Peter Brandt, a well-known technical analyst and head of Factor LLC, discovered a bearish "double top" figure on the bitcoin chart, which is fraught with a decrease in the asset price to $44,000.
The expert noted that the current drawdown is 10%, while the model assumes a decrease of 20%. And this may indicate a possible continuation of the correction.
However, Bitfinex analysts have noticed signs of the end of the decline. In their opinion, a combination of factors such as oversold prices, a negative financing rate and the recovery of the SOPR indicator may signal the achievement of a local bottom.
And how much is the Hamster Kombat token?
The Bybit crypto exchange has launched the Hamster Kombat token premarket (HMSTR).
Users can purchase or sell coins through an order system where the highest price reaches $1,000 and the lowest is $0.001.
Bybit clarified that the total offer of the project will amount to 10 billion HMSTR, however, trading is carried out not specifically with tokens, but with "Points". The latter can later be converted into coins at the official exchange rate.
The exact date of HMSTR's full listing is still unknown. According to the Hamster Kombat roadmap, the token launch is scheduled for the end of July.
Meanwhile, the clicker developers have already announced the second airdrop.
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