#Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
💬 Do you think Bitcoin will become a new norm for corporate asset allocation? How might this impact Bitcoin’s price? What’s your recent BTC trading strategy? Post to share your price predictions, market analysis, and strategies with us using the topic tag!
🎁 Meanwhile, Gate’s BTC Staking event is in full swing! Simply stake your BTC and earn up to 3% APY. Click the link to start staking and enjoy your earnings: https://ww
According to the Financial Associated Press, the important data released in the United States this week are as follows:
- Monday (March 10): US 1-year inflation expectations for the New York Fed in February.
- Tuesday (March 11): US NFIB Small Business Confidence Index (February), US JOLTs job openings (January).
- Wednesday (March 12): US non-seasonally adjusted CPI YoY for February, US seasonally adjusted CPI MoM for February, US SAC core CPI MoM for February.
- Thursday (March 13): U.S. initial jobless claims for the week to March 8, U.S. February PPI YoY, U.S. February PPI MoM.
- Friday (March 14): Preliminary one-year inflation expectations for March, preliminary University of Michigan consumer sentiment for March.
I make a bold guess that after these data come out, they will basically be inclined to the Fed to cut interest rates, and Powell will not cut interest rates for a short time, so this process is to go long before the data comes out, and then close the position and then go short on the high. However, this week is likely to be a slow upward process, so it is not recommended to take it long no matter how long or short, and you can consider starting to short on March 15 until the 20th. If the 19th plummets, the 20th can be considered short. I judge that there will be a large decline in U.S. stocks from the 17th. Because Trump's fake recession plan is the best implementation point at that point in time, and the most important thing about a fake recession is that it requires the US stock market to fall sharply, thus forcing the Fed to cut interest rates.