• bitcoinBitcoin (BTC) $ 104,038.00
  • ethereumEthereum (ETH) $ 3,504.37
  • tetherTether (USDT) $ 0.999629
  • xrpXRP (XRP) $ 2.42
  • bnbBNB (BNB) $ 963.96
  • usd-coinUSDC (USDC) $ 0.999805
  • staked-etherLido Staked Ether (STETH) $ 3,506.12
  • tronTRON (TRX) $ 0.298525
  • dogecoinDogecoin (DOGE) $ 0.175535
  • cardanoCardano (ADA) $ 0.572245

'Most hated bull run ever?' 5 things to know in Bitcoin this week

Bitcoin made major gains on the back of the US government potentially ending its shutdown, while planning to give many Americans a $2,000 tariff “dividend.”

🔗 Source

💡 DMK Insight

Bitcoin’s recent surge is tied to the US government’s potential shutdown resolution, and here’s why that matters: The prospect of a $2,000 tariff dividend could inject liquidity into the economy, boosting consumer spending and, by extension, demand for risk assets like Bitcoin. Traders should keep an eye on how this sentiment translates into market behavior, especially as Bitcoin approaches key resistance levels. If it can hold above recent highs, we might see a rally that tests previous peaks. But don’t ignore the flip side—if the government fails to deliver on these promises, we could see a sharp correction. Watch for Bitcoin’s performance over the next few days; a sustained move above a certain threshold could signal further bullish momentum. Conversely, any signs of political instability or failure to implement the dividend could lead to increased volatility. Keeping tabs on broader market reactions, particularly in equities, will also provide insight into Bitcoin’s trajectory.

📮 Takeaway

Monitor Bitcoin’s ability to hold above recent highs; a failure to maintain this level could trigger a sharp correction.

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