#Will BTC Hit a New High?#
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#Crypto Market Rebounds#
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The Federal Reserve (FED) maintained the Intrerest Rate, Bitcoin 97K, K33: Hold and leave in May.
The Federal Reserve (FED) maintained interest rates unchanged, and Chairman Powell assured that the economy remains robust. The Federal Reserve (FED) will not take preemptive action due to Trump's trade war. The market expects that the U.S. may relax restrictions on AI chip exports to China, boosting chip stocks, and the three major U.S. stock indices ultimately closed higher. China and the U.S. will hold talks on May 10, and China announced a rate cut and reserve requirement ratio reduction early yesterday, along with a large-scale easing measure, releasing over 1 trillion in market liquidity. Bitcoin is hovering around 97K, with K33 calling out: Hold and stay in May!
(China has launched large-scale easing measures in an attempt to staunch the economic bleeding caused by the trade war)
The Federal Reserve (FED) maintains the interest rate unchanged, waiting for low costs, and should not take preemptive action.
The officials of the Federal Reserve (FED) unanimously voted to keep the benchmark federal funds interest rate in the range of 4.25% to 4.5%, unchanged since last December.
Due to the uncertainty in the entire economy caused by President Trump's trade policies, such high tariff policies, if continued, could lead to rising inflation, slowing economic growth, and increasing unemployment rates.
Chairman Powell believes that the impact on inflation may be temporary, reflecting a one-time change in price levels. However, the effects of inflation may also be more persistent.
In light of the current low unemployment rate and stable demand, the Federal Reserve is willing to keep interest rates unchanged until they have a better understanding of the economic direction. Powell further added that "the cost of waiting is quite low."
This is not a situation where we can act preemptively, as we actually do not know what the correct response to the data is until we see more data.
Bitcoin is hovering around 97K, K33: hold and leave in May.
Bitcoin hovered around 96K~97K yesterday, and the Bitcoin spot ETF has mostly shown a net inflow of funds in the past two weeks. The Coinglass Fear and Greed Index has reached a greed range of 67.
Analysts from K33 have shouted the slogan contrary to traditional finance, urging everyone to "hold and stay in May." The report indicates that 2025 will be different from the previous summer's calm, and although key strategic Bitcoin reserves have yet to be publicly announced, Trump's administration has propelled several catalysts. New Hampshire has become the first state in the U.S. to pass a strategic Bitcoin reserve.
Bitcoin has proven to be strong amid the global asset decline in April, with the S&P 500 experiencing deeper drop days than the most important cryptocurrency, demonstrating that "the fundamentals of Bitcoin are stronger than stocks."
Our plan is clear: to re-accumulate over 80,000 USD in BTC and hold it. We are now entering a designated holding period.
This article The Federal Reserve (FED) keeps the interest rate unchanged, Bitcoin 97K, K33: holding and leaving in May first appeared in Chain News ABMedia.