đ Bitcoin this week
Bitcoin is trading around $111,300, slightly above the start-of-week level. The market is moving sideways for now, pressured by sales from large holders and miners, as well as options-related expectations.
đ Whatâs affecting the market:
âą U.S. labor market data shows rising layoffs, increasing hopes for looser monetary policy.
âą The probability of a Fed rate cut in September is approaching 100%, which could spark upward momentum for crypto.
đź Forecast: In the short term, Bitcoin is likely to trade between $110,000â112,000 until a new catalyst appears.
đĄ Tip for traders: Stay calm and watch key economic data â it will help you make informed decisions.
#bitcoin #SmartInvesting #cryptonews
BTC
68,025.97
+0.01%