Tag Archives: big

Bitcoin’s big moment: Can crypto shine as stocks stumble before Jackson Hole?

Bitcoin’s big moment: Can crypto shine as stocks stumble before Jackson Hole?

Investors face a muted global risk sentiment, with attention firmly fixed on the Jackson Hole symposium starting today and culminating in Federal Reserve Chair Jerome Powell’s speech tomorrow.

This annual gathering in Wyoming often sets the tone for monetary policy, and with recent data showing a cooling US labour market and persistent inflation concerns, markets anticipate signals on potential rate cuts. President Donald Trump added fuel to the fire by demanding Federal Reserve Governor Lisa Cook resign over mortgage fraud allegations, a move that underscores ongoing tensions between the administration and the central bank.

Such political pressure could amplify volatility, especially as the Fed navigates a delicate balance between supporting growth and taming prices. In my view, this environment highlights the fragility of investor confidence, where policy missteps could trigger sharper corrections, but also opens opportunities for resilient assets like cryptocurrencies to shine amid traditional market wobbles.

US stock markets extended their downward trajectory yesterday, reflecting waning enthusiasm for technology stocks, particularly in artificial intelligence sectors that drove much of the earlier rally. The S&P 500 dipped 0.24 per cent, the Nasdaq fell 0.67 per cent, and the Dow Jones eked out a modest 0.04 per cent gain.

Consumer discretionary stocks lagged significantly, dropping 1.2 per cent, as the administration broadened tariffs on steel and aluminum to include various consumer goods. This expansion aligns with Trump’s protectionist agenda, which he has touted as a way to bolster domestic manufacturing, but it risks escalating trade tensions and inflating costs for businesses and consumers alike.

These tariffs represent a double edged sword: they protect certain industries in the short term but could stifle broader economic momentum, especially if retaliatory measures from trading partners emerge. Recent data from Schwab’s market update shows major indexes sputtering after a featureless session, with tech arresting its slide but only inching up, underscoring limited buying interest amid elevated price-to-earnings ratios. Investors appear cautious, weighing the potential for a soft landing against the reality of slowing growth.

Bond markets offered a slight reprieve, with US Treasury yields inching lower. The 10-year yield slipped one basis point to 4.28 per cent, while the two-year yield also declined one basis point to 3.74 per cent. This modest dip reflects expectations of easing monetary policy, as traders bet on rate cuts to support the economy. The spread between the 10-year and two-year yields remains a focal point, with the Federal Reserve Bank of St. Louis data indicating positive values that could imply future growth, though negative spreads have historically signalled downturns.

In my opinion, these yield movements suggest markets price in a dovish Fed pivot at Jackson Hole, where Powell’s speech could confirm or dash hopes for a September rate cut. Previews from Investing.com highlight all eyes on Powell as the Fed navigates a policy tightrope amid stagflation fears. If history serves as a guide, insurance cuts like those in 2019 have boosted equities, but reactive cuts during recessions often coincide with weaker returns.

Currencies and commodities presented a mixed picture. The US Dollar Index closed largely unchanged at 98.22, providing little directional cue. Gold climbed 0.9 per cent to US$3,345 per ounce, benefiting from a softer dollar and safe-haven demand ahead of Jackson Hole. Brent crude advanced 1.6 per cent to US$67 per barrel, spurred by reports of a six-million-barrel drop in US crude inventories.

Oil prices gained slightly in Asian trading, with larger-than-expected declines in crude and fuel supporting the uptick, as noted by Reuters. I see gold’s resilience as a hedge against uncertainty, particularly with geopolitical risks like the ongoing Russia-Ukraine talks between Trump and Putin potentially easing sanctions on Russian oil. Commodities like these often thrive when traditional assets falter, and the current setup reinforces their role in diversified portfolios.

Asian markets mirrored the global unease, closing mixed yesterday with sharp losses in export-reliant economies. Japan’s Nikkei fell 1.51 per cent, and Taiwan’s index dropped 2.99 per cent, driven by a weak July export report from Japan. Early trading today showed most indices opening higher, but caution prevails.

Bloomberg reports updated stock indexes in Asia-Pacific, with China e-commerce stocks’ 230 per cent rally at risk amid concerns. These declines stem from tariff fears and slowing global demand, yet the rebound in early sessions indicates bargain hunting. US equity futures point to a lower open, aligning with the broader wait-and-see approach before Jackson Hole.

Shifting to cryptocurrencies, recent insights from Glassnode illuminate intriguing divisions among Bitcoin investors. The “First Buyers” group increased their stakes by 10 per cent, seizing opportunities during market dips, while “Conviction Buyers” also bolstered holdings by 10 per cent, adopting a cautious yet hopeful stance.

Profit-Takers offloaded 5.4 per cent more assets to capitalise on gains, and Loss Sellers emerged, shedding positions amid creeping losses. Glassnode’s on-chain analysis reveals short-term holders selling at a loss for the first time in seven months, a trend that rings alarm bells but could signal a necessary market reset.

X posts from Glassnode highlight limited realised losses, suggesting newer Bitcoin investors defend their cost basis near US$112,000.

From my standpoint, these shifts underscore Bitcoin’s maturing ecosystem, where long-term holders exhibit resilience, but short-term volatility tests newcomers. The STH-SOPR dipping below 1 mirrors past corrections, yet the average unrealised loss of 10.6 per cent among short-term holders indicates panic selling that might create buying opportunities for institutions.

Institutional interest remains a cornerstone of Bitcoin’s stability, with anticipated ETF inflows amplifying demand despite macroeconomic headwinds. US spot Bitcoin ETFs recorded US$3.37 billion in net inflows last week, pushing Bitcoin from US$116,000 to US$124,000 before a pullback.

Cumulative inflows stand at US$54.85 billion, with assets under management at US$150.9 billion, even as recent outflows hit US$643 million. Trump’s executive order allowing cryptocurrency in 401(k) plans opens the door for broader adoption, potentially injecting billions from retirement savings.

The Department of Labor rescinded 2022 guidance discouraging crypto in plans, democratising access to alternative assets. I believe this policy shift marks a pivotal moment, bridging traditional finance and crypto, though risks like volatility persist for retirement investors.

Bitcoin’s consolidation ripples through altcoins like Ethereum and Solana, with Bitcoin’s market dominance at approximately 58.89 per cent. CoinMarketCap charts show Bitcoin dominance at 59.62 per cent, a slight uptick reflecting its safe-haven status. Ethereum ETFs outpaced Bitcoin inflows for five straight days, with corporate treasuries accumulating ETH amid falling exchange supply. This interdependence means Bitcoin’s stability bolsters altcoins, but a breakout above key resistance could trigger broader rallies. Solana, in particular, benefits from its speed and low fees, positioning it for growth if institutional flows diversify.

Hong Kong’s foray into spot Bitcoin and Ether ETFs adds an international dimension, with recent debuts showing cautious investor appetite. MicroBit Capital Management launched ETFs tracking US dollar prices of Bitcoin and Ether, with the Bitcoin ETF (stock code 3430) rising 0.1 per cent to HK$7.82 (US$1.00) and the Ether ETF (3425) up 2.8 per cent to HK$8.03 (US$1.03).

Trading volumes reached about HK$29.68 million (US$3.80 million), per SoSoValue, contrasting with US euphoria but aligning with new stablecoin rules. Pando Finance teamed with OSL Exchange for its Bitcoin ETF launch on July 18, powered by CME CF benchmarks. Hong Kong’s stablecoin regime, effective August 1, requires licenses for issuers, with the first batch expected early next year. The HKMA’s public registry for licensed issuers enhances transparency. I regard this as a strategic move to position Hong Kong as a crypto hub, potentially attracting Asian capital and fostering innovation in fiat-backed stablecoins for trade and payments.

Overall, these developments paint a picture of interconnected markets navigating uncertainty. Traditional assets grapple with tariffs and policy risks, while cryptocurrencies demonstrate resilience through institutional backing and regulatory progress. Jackson Hole could catalyse shifts: a dovish Powell might ignite risk appetite, lifting stocks and crypto, whereas hawkish tones could strengthen the dollar and pressure yields. X discussions emphasise the symposium’s importance, with investors parsing every nuance.

In my experience, such events often precede turning points, and with Bitcoin’s on-chain metrics showing conviction among long-term holders despite short-term pain, I remain optimistic on its trajectory. The US allowing crypto in 401(k)s could unleash trillions in fresh capital, bridging generations of investors. Yet, caution prevails—volatility remains high, and diversified approaches win in the long run. As we await Powell’s words, markets hold their breath, but history favours those who adapt swiftly to emerging trends.

 

Source: https://e27.co/bitcoins-big-moment-can-crypto-shine-as-stocks-stumble-before-jackson-hole-20250821/

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j

Fed’s big choice: Save the economy or unleash inflation hell?

Fed’s big choice: Save the economy or unleash inflation hell?

Weakness in the US labour market has cast a shadow over investor confidence, while trade policy announcements and fiscal uncertainties in the UK add layers of ambiguity. At the same time, financial markets, from equities to cryptocurrencies, are sending mixed messages, reflecting both resilience and caution.

In this analysis, I’ll explore these factors in depth, weaving together the data and offering my perspective on what it all means for the global risk landscape.

A troubling signal from the US labour market

The US economy, often seen as the engine of global growth, is showing signs of faltering, particularly in its labour market. The latest ADP employment report revealed that private sector employers shed 33,000 jobs in June, a stark reversal from the consensus expectation of a 98,000 job gain.

This marks the first negative reading since March 2023, a period when the economy was still grappling with post-pandemic recovery challenges. With the nonfarm payrolls (NFP) release looming, this data has heightened anticipation and anxiety among investors and policymakers alike.

The significance of the ADP figure lies in its role as a leading indicator for the NFP, which provides a broader snapshot of employment trends. A weak NFP report could confirm fears of a slowing US economy, potentially signalling the end of the robust growth narrative that has supported markets in recent years.

This possibility is particularly concerning given the Federal Reserve’s delicate balancing act between taming inflation and sustaining economic expansion. If the labour market continues to soften, the Fed might lean toward a more accommodative stance, perhaps lowering interest rates, though this could risk reigniting inflationary pressures.

This labour market weakness is a pivotal driver of the subdued global risk sentiment. Investors are understandably jittery, as a faltering US economy could ripple across global markets, dampening demand and weighing on corporate earnings.

The uptick in gold prices to US$3,357 per ounce and the slight dip in the US Dollar Index suggest that some are already positioning for a risk-off environment. The stakes are high, and the NFP release will likely be a defining moment for market sentiment in the near term.

Trade policy: A glimmer of hope amid uncertainty

On the trade front, President Trump’s announcement of a deal with Vietnam has sparked a flicker of optimism. The prospect of a new trade agreement could ease some of the tensions that have plagued global commerce, particularly in the context of the US-China rivalry.

Vietnam’s growing role as a manufacturing hub makes it an appealing partner for diversifying supply chains, potentially reducing reliance on any single country and bolstering economic resilience. Yet, this optimism is tempered by significant uncertainty. At the time of writing, no official confirmation has come from Vietnamese authorities, and details about the deal remain frustratingly scarce.

Trump’s track record of issuing bold, unilateral trade proclamations, sometimes followed by protracted negotiations or reversals, further adds to the skepticism. Without clarity on the agreement’s scope, timeline, or enforceability, it’s difficult for markets to embrace this development as a game-changer fully.

The trade announcement is a double-edged sword. On one hand, it hints at progress in stabilising global trade dynamics, which could lift risk sentiment if substantiated. On the other hand, the lack of concrete information leaves it as more of a headline than a foundation for confidence. Until Vietnam weighs in and specifics emerge, this remains a wildcard in the broader risk equation.

UK fiscal woes stir global ripples

Across the Atlantic, the UK is grappling with its own set of challenges that are reverberating through global markets. The government’s abrupt reversal on welfare reforms has reignited concerns about fiscal stability, amplifying political uncertainty at a time when clarity is sorely needed.

This policy shift triggered a sharp bear-steepening in gilt yields, a technical term that describes a scenario where long-term yields rise faster than short-term ones. In practical terms, it signals growing investor unease about the UK’s fiscal health and the potential for higher borrowing costs.

This market reaction hasn’t stayed confined to British shores. The upward pressure on gilt yields has contributed to a broader rise in global bond yields, including US Treasuries, where the 10-year yield climbed to 4.277 per cent and the two-year yield reached 3.785 per cent. This interconnectedness underscores how fiscal instability in one major economy can unsettle others, particularly when confidence is already fragile.

The UK’s predicament is a sleeper issue in the global risk narrative. While it may not dominate headlines like US labour data or trade talks, its implications are profound.

A sustained loss of faith in the UK’s fiscal management could erode its standing in global markets, prompting investors to shift toward safer assets and further dampen risk appetite. The bear-steepening in gilts is a warning shot, one that global markets would be wise not to ignore.

Markets reflect a tug-of-war

Overnight, US equity markets offered a mixed bag of results that mirror the broader uncertainty. The S&P 500 rose by 0.5 per cent and the NASDAQ gained a more robust 0.94 per cent, buoyed by strength in technology stocks.

Meanwhile, the Dow Jones slipped by a modest 0.02 per cent, hinting at uneven investor sentiment across sectors. This divergence suggests that while some corners of the market remain optimistic, perhaps driven by innovation or earnings resilience, others are more guarded.

The rise in US Treasury yields and the movements in commodity prices further illustrate this cautious mood. The 10-year Treasury yield rose by 3.5 basis points, and the two-year yield increased by 1.2 basis points, reflecting expectations of tighter financial conditions or lingering concerns about inflation.

Gold, a classic safe-haven asset, climbed 0.6 per cent to US$3,357 per ounce. In comparison, Brent crude surged three per cent, its most significant jump in two weeks, after Iran announced it was suspending cooperation with the UN atomic agency, stoking fears of oil supply disruptions.

In my analysis, these market movements reveal a tug-of-war between risk-on and risk-off impulses. The equity gains suggest some investors are betting on resilience, while the rise in yields and gold prices points to underlying worries about economic stability. Brent crude’s leap adds another layer of complexity, as higher energy costs could fuel inflation, complicating central banks’ efforts to manage growth and prices.

Bitcoin’s highs meet trader caution

In the cryptocurrency realm, Bitcoin is making waves, surging past US$109,000 and trading just two per cent below its all-time high. This rally coincided with monetary expansion in the eurozone and the softening of the US labour market, factors that often bolster Bitcoin’s appeal as an inflation hedge or alternative asset.

Yet, derivatives data tell a more cautious tale. The Bitcoin futures premium, a gauge of trader sentiment, remains below the five per cent neutral threshold, inching up from four per cent but still far from bullish territory.

This hesitancy is echoed in other metrics, like the USDT discount in China and outflows from spot Bitcoin ETFs, which highlight investor wariness amid global trade tensions. Despite the price surge, traders seem unconvinced of its staying power, perhaps mindful of past volatility or macroeconomic headwinds.

A standout development is BlackRock’s iShares Bitcoin Trust ETF (IBIT) outpacing its iShares Core S&P 500 ETF (IVV) in annual fee revenue. With US$75 billion in assets, IBIT generates US$187.2 million yearly at a 0.25 per cent expense ratio, edging out IVV’s US$187.1 million from US$624 billion at 0.03 per cent. This shift, driven by steady inflows over 17 of the last 18 months, underscores Bitcoin’s growing institutional allure.

Bitcoin’s story encapsulates the broader risk sentiment. Its price reflects optimism and speculative fervor, but the cautious derivatives data and ETF outflows suggest a market on edge, awaiting clearer signals. BlackRock’s revenue milestone is a watershed moment, hinting at a future where cryptocurrencies rival traditional assets in prominence.

Bottom line

Pulling these threads together, the global risk sentiment feels like a tightrope walk, balanced between tentative hope and palpable concern. The US labor market’s stumble is a red flag, potentially foreshadowing a more challenging road ahead if the NFP disappoints.

Trade optimism from the Vietnam deal is a bright spot, but its vagueness keeps it from being a game-changer. The UK’s fiscal turbulence and rising yields exacerbate the unease, while markets fluctuate between gains and safe-haven moves.

For me, the overriding sense is one of caution. The mixed signals —equity advances, gold’s rise, and Bitcoin’s cautious rally — suggest that investors are hedging their bets and braced for volatility. The NFP release will be a litmus test, but even beyond that, clarity on trade and fiscal fronts will be key to shifting this subdued mood.

 

Source: https://e27.co/feds-big-choice-save-the-economy-or-unleash-inflation-hell-20250703/

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j

Gold hits US$3,339 as markets brace for Fed moves and Bitcoin’s next big drop

Gold hits US$3,339 as markets brace for Fed moves and Bitcoin’s next big drop

I find myself drawn to the complexity of this moment, a trading session marked by mixed signals, yet brimming with implications for investors worldwide.

Let’s dive into the details, explore what’s driving these shifts, and offer my perspective on where things might be headed, all grounded in the facts and data at hand.

Global risks sentiment and economic backdrop

The global risks sentiment during this recent trading session was undeniably mixed, a reflection of the myriad forces tugging at investor confidence.

On one hand, there’s optimism stemming from stronger-than-expected US economic data: May’s US JOLTS job openings surged to 4.6 per cent, signalling robust labour market demand, while the ISM Manufacturing index ticked up to 49.0, hinting at a stabilisation in industrial activity despite remaining below the expansion threshold of 50.

These figures paint a picture of an economy that’s holding its own, defying some of the gloomier forecasts that have lingered in recent months. This resilience is a reminder that the US economy often finds ways to surprise on the upside, even amid uncertainty.

Yet, this positivity is tempered by caution. Fed Chair Jerome Powell’s latest remarks reinforce a “wait-and-see” approach, a stance that keeps markets guessing about the Federal Reserve’s next move. His acknowledgment that a rate cut in July isn’t off the table adds a layer of intrigue, suggesting flexibility but no firm commitment.

I see this as the Fed walking a tightrope: balancing the need to support growth against the risk of overheating an economy that’s already showing strength. It’s a prudent strategy, but one that leaves investors hungry for clearer signals.

Adding to the mix is a significant legislative development: the US Senate’s razor-thin approval of the One Big Beautiful Bill Act (OBBBA), passing 51-50 with Vice President Vance casting the decisive vote. This bill now heads to the House of Representatives for a final showdown, and its outcome could ripple through fiscal policy, government spending, and market sentiment.

While the specifics of OBBBA remain broad in public discourse, its passage in the Senate signals potential shifts in economic priorities, perhaps more stimulus or infrastructure investment, that could bolster growth or stoke inflationary pressures. The House’s decision will be a litmus test for how aggressively the US leans into fiscal expansion, and I’ll be watching closely.

US markets: A tale of divergence

Against this backdrop, US stock markets closed the session with a split personality. The S&P 500 dipped by 0.11 per cent, while the NASDAQ took a sharper hit, falling 0.82 per cent, which may reflect a cooling in tech-heavy growth stocks. Meanwhile, the Dow Jones Industrial Average shone brightly, climbing 0.91 per cent to claim the title of best performer among the trio.

It suggests that investors are rotating into value stocks or sectors less sensitive to interest rate speculation, such as industrials or financials, while taking profits in high-flying tech names. It’s a classic flight to stability in uncertain times, and I suspect the Dow’s strength is tied to solid economic data lifting confidence in traditional industries.

US Treasury yields, however, tell a different story, one of rising expectations. The 10-year UST yield edged up by 1.4 basis points, while the two-year yield jumped 5.3 basis points to 3.772 per cent. Higher yields across the curve signal that bond investors are pricing in either stronger growth, creeping inflation, or the possibility of tighter Fed policy down the road.

I lean toward a mix of the first two: the economic data supports growth, but persistent supply chain pressures and energy costs (more on that later) could be nudging inflation concerns. For bondholders, it’s a demand for better returns in a world where cash might not stay cheap forever.

Currency, commodities, and global cues

The US Dollar Index slipped by a modest 0.06 per cent, a subtle retreat that doesn’t scream panic but hints at a pause in the greenback’s dominance. In contrast, gold rallied 1.1 per cent to US$3,339 per ounce, a clear sign of its enduring allure as a safe-haven asset when sentiment wavers.

I’ve always viewed gold as the market’s emotional barometer, and its climb here feels like a hedge against the unknowns: Fed policy, legislative outcomes, and geopolitical risks.

Speaking of which, Brent crude oil rose 0.6 per cent to US$67 per barrel, a modest gain overshadowed by the looming OPEC+ meeting on July 6. Word is, the cartel might agree to pump an additional 411,000 barrels per day starting in August—a move that could ease tight supply but also cap oil’s upside.

I’m cautious here; energy markets are a wild card, and any surprises from OPEC+ could sway inflation expectations and, by extension, Fed thinking. For now, the market seems to be holding its breath.

Globally, Asian equity indices reflected the mixed mood in early trading, while US equity futures indicated a higher open. That flicker of optimism could stem from the US data or hopes of Fed accommodation; either way, it’s a tentative sign that sentiment isn’t all doom and gloom.

Bitcoin: Institutional moves and technical tensions

Now, let’s pivot to the cryptocurrency realm, where Bitcoin is stealing headlines once again. Hong Kong-based DDC Enterprise, a publicly traded food company, has secured US$528 million in fresh funding and plans to acquire 5,000 BTC over the next three years. This isn’t pocket change, it’s a bold bet on Bitcoin as a treasury asset, signalling that institutional adoption is gaining steam.

It’s a vote of confidence in crypto’s staying power, even as traditional markets grapple with their own dramas. Companies like DDC are betting that Bitcoin can hedge against inflation or currency weakening, a narrative I think holds water in today’s climate.

But the price action tells a more cautious tale. Bitcoin pulled back to US$105,250 on Tuesday after failing to breach US$109,000 over the weekend, and selling picked up pace, raising the spectre of a drop to US$104,000. We might be at a local top or entering consolidation, given the choppy trading. Let’s break down the charts to see what’s cooking.

On the daily BTC/USDT chart, Bitcoin’s caught between a downtrend line and its moving averages. The upsloping averages tilt slightly bullish, suggesting that buyers aren’t out of the game, but the RSI, hovering near neutral, shows that momentum has stalled.

If the price cracks below those averages and holds there, we’re looking at a slide to US$104,500, maybe even US$100,000, keeping it trapped in a bearish descending triangle.

But if it bounces off the averages and punches above the downtrend line, that bearish setup collapses, and we could see a run toward the inverse head-and-shoulders neckline, potentially a bullish breakout. I’m torn here; the technicals are poised for either outcome, and it’s a coin toss until momentum picks a side.

The four-hour chart sharpens the focus: Bitcoin has slipped below the moving averages, a sign that short-term traders are cashing out. The US$104,500 level is the line in the sand; buyers will fight tooth and nail to hold it, because a break could send it tumbling to US$100,000. Psychologically, that round number looms large, and I’d wager it’s where dip-buyers might step in.

Bitcoin’s at a crossroads. The institutional interest from DDC is a long-term tailwind, but near-term selling pressure could test those lower supports. If it holds US$104,500, I’d see it as a base for another push; if it folds, US$100,000 feels like a natural floor before sentiment shifts.

We’re in a volatile stew, but with sharp eyes and steady hands, there’s profit to be made. That’s my lens on this whirlwind- Complex, thrilling, and ripe for the astute.

 

Source: https://e27.co/gold-hits-us3339-as-markets-brace-for-fed-moves-and-bitcoins-next-big-drop-20250702/

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j