Global X ETFs AU’s Post

Week 10 - 5 Things to Know in Investing This Week Point 3) Bitcoin Bears Revise Their Selective Memory Again: Always a volatile asset, the dollar price of Bitcoin has been fluctuating even more wildly than usual. Last week, we pointed out that the bears loudly declared victory when Bitcoin fell about 10% (16% peak to trough including some short-term intra-day trading), but were strangely silent when it ran up more than 70% in the following weeks. This week, we saw a 10% drawdown bring out the bears crowing on Twitter/X that the apex cryptocurrency is a worthless scam only to quiet down again when Bitcoin recovered those short-term losses and traded just below the all-time record as I write this. Remember, if short-term results make you “right”, then a bigger short-term move in the other direction means you’re “wrong”. People with integrity use one standard to evaluate their decisions. Want my view?

FED Holds Rates Steady: Uncertainty Surrounds Bitcoin's Future, The United States Federal Reserve (Fed) recently announced the continuation of its monetary policy, with only one rate cut expected for the year. A decision that has significant repercussions on the Bitcoin market. This announcement comes at a time when market participants were expecting multiple rate cuts, creating an atmosphere of uncertainty and speculation around the world’s first cryptocurrency. #Business #news #Bitcoin's

Hong Kong Primed for Bitcoin ETFs, Expert Calls It Game-Changer Hong Kong about to allow Bitcoin ETFs, top Bloomberg expert reveals when and how https://lnkd.in/eXf64vxF #Blockchain #Crypto

Week 10 - 5 Things to Know in Investing This Week Point 3) Bitcoin Bears Revise Their Selective Memory Again: Always a volatile asset, the dollar price of Bitcoin has been fluctuating even more wildly than usual. Last week, we pointed out that the bears loudly declared victory when Bitcoin fell about 10% (16% peak to trough including some short-term intra-day trading), but were strangely silent when it ran up more than 70% in the following weeks. This week, we saw a 10% drawdown bring out the bears crowing on Twitter/X that the apex cryptocurrency is a worthless scam only to quiet down again when Bitcoin recovered those short-term losses and traded just below the all-time record as I write this. Remember, if short-term results make you “right”, then a bigger short-term move in the other direction means you’re “wrong”. People with integrity use one standard to evaluate their decisions. Want my view?

📊 Crypto Market Reaction: Bitcoin Surges Above $62K Amid Fed Rate Cut Aftermath! Bitcoin has surged above $62K following the Federal Reserve’s decision to cut interest rates. Meanwhile, the US stock market is showing signs of strain, experiencing a notable dip as investors digest the economic shift. The Fed’s rate cut has triggered a divergence between the traditional markets and crypto, with Bitcoin showing strength while the stock market falters. This could be a pivotal moment where more investors look to crypto as a hedge against traditional financial uncertainty. Stay tuned as we witness how this plays out in the coming weeks! 🚀 #Bitcoin #Crypto #FedRateCut #MarketUpdate #Blockchain #CryptoNews

📊 Crypto Market Reaction: Bitcoin Surges Above $62K Amid Fed Rate Cut Aftermath! Bitcoin has surged above $62K following the Federal Reserve’s decision to cut interest rates. Meanwhile, the US stock market is showing signs of strain, experiencing a notable dip as investors digest the economic shift. The Fed’s rate cut has triggered a divergence between the traditional markets and crypto, with Bitcoin showing strength while the stock market falters. This could be a pivotal moment where more investors look to crypto as a hedge against traditional financial uncertainty. Stay tuned as we witness how this plays out in the coming weeks! 🚀 #Bitcoin #Crypto #FedRateCut #MarketUpdate #Blockchain #CryptoNews

📊 Crypto Market Reaction: Bitcoin Surges Above $62K Amid Fed Rate Cut Aftermath! Bitcoin has surged above $62K following the Federal Reserve’s decision to cut interest rates. Meanwhile, the US stock market is showing signs of strain, experiencing a notable dip as investors digest the economic shift. The Fed’s rate cut has triggered a divergence between the traditional markets and crypto, with Bitcoin showing strength while the stock market falters. This could be a pivotal moment where more investors look to crypto as a hedge against traditional financial uncertainty. Stay tuned as we witness how this plays out in the coming weeks! 🚀 #Bitcoin #Crypto #FedRateCut #MarketUpdate #Blockchain #CryptoNews

🚀 The Impact of Bitcoin Halving on Price Volatility 📉💰 Bitcoin halving events often coincide with periods of increased price volatility in the cryptocurrency markets. Here's why: 1️⃣ Supply and Demand Dynamics: With the reduction in the supply of new Bitcoins entering circulation, demand from investors and traders can drive up prices leading to increased volatility. 2️⃣ Market Speculation: Traders and investors anticipate halving events and may engage in speculative behavior, leading to heightened price fluctuations in the lead-up to and aftermath of halving. 3️⃣ Long-Term Outlook: Despite short-term volatility, many analysts believe that Bitcoin halving reinforces its long-term value proposition as a scarce and valuable digital asset. How do you think Bitcoin halving affects price volatility? Share your thoughts below! 💭📊 #BitcoinPrice #MarketVolatility #CryptoInvesting

Why is Bitcoin and the Rest of the Crypto Market Falling? Here Are the Main Reasons TL;DR US Political Climate and Crypto Market Price Pressure: The approval of spot Bitcoin ETFs initially boosted Bitcoin’s price in the US. However, recent political developments, including a divide between parties on crypto issues, have negatively https://lnkd.in/dj99py_h #Blockchain #Crypto