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- Welcome Kevin_Lee to the Gate Square! ๐
Looking forward to more great crypto insights from him.
Check out and engage with Kevin_Leeโs latest post!
๐ Post: https://www.gate.com/post/status/11758920
๐ Profile: https://www.gate.com/profile/Kevin%20Lee
Letโs give Kevin_Lee a warm welcome! ๐๐๐
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Bitcoin (BTC) Current Situation
* Price and Market: Bitcoin is currently around $107,000 - $108,000. Global developments such as the Israel-Iran ceasefire have supported the price to remain at these levels.
* Institutional Interest is Increasing: Large companies continue to show interest in Bitcoin. The use of cryptocurrencies in mortgage (housing loan) processes is on the agenda in the US. The idea of โโcompanies such as Fannie Mae and Freddie Mac accepting crypto assets as mortgages is one of the biggest examples of this.
* Trump Effect: Donald Trump's description of cryptocurrencies as "the future" and his own company's ETF (Exchange Traded Fund) application for Bitcoin and Ethereum resonated in the market and caused some movement.
* Technical Outlook: Analysts say that the "Cup and Handle" formation on Bitcoin's monthly chart has been completed. This shows that the price is close to historical highs and a potential uptrend may begin.
Bitcoin's price and developments are very good, but altcoins do not look very good. There's an inconsistency. I feel a bad crash. I hope I'm wrong.