BTC fundamentals interpretation



1. Interest rate related: Powell has spoken, he thinks it is unlikely to cut interest rates in July, there is no need to be so anxious. By this implication, interest rates are likely to remain unchanged in the near future. Let's pay more attention to the second half of the year and see if there is an opportunity for a rate cut.
2. Fund Entry: Bloomberg reported that a family office in Hong Kong, managing $4 billion in assets, has entered the cryptocurrency field for the first time. This indicates their optimism about the industry's prospects, prompting off-exchange funds to flow into the cryptocurrency market, which is good news for BTC in terms of funding.
3. Hong Kong Stablecoin License: Xiao Feng revealed that the stablecoin license issued by Hong Kong is not only for stablecoins pegged to the Hong Kong dollar. Moreover, the relevant deployment network allows the issuer to make their own decisions.
BTC-0,86%
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