CRYPTO WEEKLY RECAP 💨
👉 Binance bought $1 billion in $BTC
Binance converted 1 billion of SAFU ( Safety Asset For User's ) emergency funds to BTC.
Total BTC : 15k
BTC
69,772.31
+0.84%
👉 Bitcoin still struggling to climb despite bullish news
After U.S. CPI showed cooling inflation, BTC briefly jumped but got rejected near the upper range. It trading on sideways for an week's . Recently crashed to 60k and altcoins witnessed an bloodbath .
👉 Derivatives and Liquidity Pressure
Around $2.5B+ in Bitcoin options expired during the week .
✅ Macros slightly improving.
✅ Institutional Activity still active.
✅JP Morgan say's $266,000 will happen in btc this year.