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Temple University Professor to Lead NJIT’s College of Computing – njbmagazine.com

New Hire/Promotion

New Jersey Institute of Technology (NJIT) has named Jamie Payton, professor and chair of the Department of Computer and Information Sciences at Temple University, to lead its Ying Wu College of Computing (YWCC) as dean beginning July 1.

YWCC is presently the largest college at NJIT and is a key element of NJITs drive to become a nexus of innovation under its new strategic plan. Its three departments, Computer Science, Data Science and Informatics, prepare students to enter burgeoning fields that also are research priorities of NJIT, such as software engineering, cybersecurity, information technology and artificial intelligence.

Dean Payton will help create and advance a renewed, forward-looking vision for Ying Wu, NJIT President Teik C. Lim said. This vision will build upon our new strategic plan, the colleges strengths and its commitments to student success, impactful research and innovation.

As dean, Dr. Payton will be charged with supporting the 2030 strategic plan by driving enrollment growth; deepening research and curricular partnerships with NJITs other colleges; further diversifying the student body, faculty and staff; and managing relationships with alumni, donors and corporations. The hire comes a month after NJIT unveiled a strategic plan that aims to make the university a nexus of innovation to serve the students of the future.

Im excited about leading the Ying Wu College of Computing into its next chapter, building on its strengths and prior successes, and bringing a fresh perspective and experience in fostering diversity, equity and inclusion in computing, Payton said.

As a chair at Temple, Payton launched new degree programs including the first online masters in its College of Science and Technology, in information science and technology and became a national leader in initiatives that aim to introduce underrepresented students to computing and STEM, including providing K-12 and college students with learning opportunities around AI. To that end, she serves as the principal investigator and director of the STARS Computing Corps Alliance for Broadening Participation in Computing, which has been supported by more than $10 million from the National Science Foundation, and as co-principal investigator and director of broadening participation of the INVITE AI Institute, whose research is backed by a $19.5 million grant from the NSF.

Also at Temple, Payton led the development of a strategic plan to further diversify the pool of students pursuing computer-focused degrees. Core to that plan was an Inclusive Teaching Summit, new mentoring processes and a revision to the peer teaching review process.

I am thrilled that Professor Payton will be joining us as the next dean of the Ying Wu College of Computing, said NJIT Provost John Pelesko, to whom Payton will report. Professor Payton brings tremendous leadership experience to the role as well as a major national presence in broadening participation in computing. I look forward to working with her as we write the next chapter in the history of YWCC.

Pelesko led the search that attracted Payton, who has worked at Temple since 2016. She holds three degrees in computer science: a Ph.D. and masters from Washington University in St. Louis and a bachelors from The University of Tulsa in Oklahoma.

Earlier in her career, Payton was a faculty member at the University of North Carolina at Charlotte. The research projects for which she has been principal investigator or co-principal investigator have been supported collectively by more than $40 million in external funding.

NJITs search also involved a committee of 15 administrators, educators and staffers and the advisory firm WittKieffer.

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Bitcoin analysis sees $74K next as BTC price tries to hold 7.5% gains – Cointelegraph

Bitcoin circled $66,000 on May 16 after United States macro data sparked a risk-asset surge.

Data from Cointelegraph Markets Pro and TradingView followed BTC price action as bulls attempted to cement 7.5% gains from the day prior.

These had come as the April print of the Consumer Price Index (CPI) narrowly beat expectations, fueling bets of easier financial conditions for crypto and risk assets going forward.

Some immediate reactions were suspicious, with market observers pointing to rapidly increasing open interest as one of several signs that Bitcoins move might be unsustainable.

Popular trader Credible Crypto described the post-CPI conditions as what we dont want to see on a rise in the price of Bitcoin (BTC).

The 62-63k regions is key- if we are going to avoid 59-60k we should hold there, he continued in his latest analysis on X, considering likely support should BTC/USD reverse.

Fellow trader Daan Crypto Trades flagged strengthening ask liquidity above spot price.

Some massive orders placed above price. Most of it sitting between $66K-67K, which totals to over $400M+ in orders, he noted on May 15.

Meanwhile, the latest data from monitoring resource CoinGlass showed the bulk of potential short liquidations clustering at $67,000 at the time of writing.

Adopting a more optimistic position, veteran trader Peter Brandt doubled down on Bitcoin continuing to climb in the longer term.

Related:Bitcoiner who called pre-halving all-time high predicts $95K BTC price

I have shown this chart many times in the past in slightly different iterations and it remains my preferred interpretation, he told X followers.

Michal van de Poppe, founder and CEO of trading firm MNTrading, saw a calm upwards period for Bitcoin, with altcoins potentially outperforming.

Clearly, Bitcoin has held range low strongly at $60.5K. The breakout upwards took place, through which a calm, upwards period seems inevitable, he concluded.

In the latest market update sent to Telegram channel subscribers, trading firm QCP Capital entertained a return to new all-time highs for Bitcoin.

We expect bullish momentum here that could take us back to the highs of 74k, it revealed, adding that the stars seems to be aligning on this breakout with significant sovereign and institutional adoption, abating inflation and upcoming US elections.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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Forget memecoins, Bitcoin is driving the bull run NBX Warsaw – Cointelegraph

Bitcoin, not memecoins, will continue to be a pivotal driving force in this bull run courtesy of Bitcoin exchange-traded funds (ETFs) and the influence of the halving.

This was a key takeaway from day one of the Next Block Expo in Warsaw as prominent industry insiders unpacked major trends of the current market cycle.

Bitcoin (BTC)remains a clear focal point and driver of sentiment midway through 2024, as four experts told Cointelegraph on stage.

Adrian Zduczyk, founder of the trading education platform The Birb Nest, said that historical data around previous halvings suggests significant upside for BTC into 2025.

From 2011 through to the peak of 2013, we observed a 9,000% growth in the price appreciation, Zduczyk said.

Related:Bitcoin could top $100K but only if high-yield rate falls below 7% Analyst

Highlighting that Bitcoin bullruns in 2017 and 2021 produced 3,000% and 700% gains respectively in the value of BTC, Zduczyk said Bitcoin remains a core indicator of market performance:

Ben Yorke, ecosystem vice president at exchange platform WooX, also highlighted that there was no longer regulatory ambiguity around Bitcoin.

Related:Bitcoin bottomed at $56K? BTC price chart hints at breakout within days

He pointed to government and institutional validation with approval of Bitcoin ETFs in the U.S. and Hong Kong as key examples of this.

It makes it a very attractive proposition to young people around the world, he said.

Criticisms of Bitcoins utility are also being nullified as the proliferation of the Lightning network and other functionalities that allow a user to maintain full custody of their BTC. Yorke said that adoption of Bitcoin services like Lightning will ultimately quash these arguments.

Miko Matsumura, general partner of cryptocurrency asset fund Gumi Crypto, echoed these sentiments, suggesting that the development of infrastructure to improve the ability to use Bitcoin for payments would be an additional driver of capital into the ecosystem.

Zduczyk added that the timing of regulatory greenlights of Bitcoin ETFs reflected the seasonality of investment cycles, with summer months often driving market performance of the S&P 500 and the Nasdaq:

Zduczyk also highlighted historical trends around U.S. presidential elections driving up performance of traditional markets spilling over into Bitcoin in years past.

Magazine:Meme coins: Betrayal of cryptos ideals or its true purpose?

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BTC Climbs Above $65,000: Why Is Bitcoin Up Today? – Watcher Guru

Over the last 24 hours, Bitcoin (BTC) has increased nearly 5% as it broke through the pivotal $65,000 mark, according to CoinMarketCap. Moreover, with a host of macroeconomic factors coming into play, the reason for its recent surge is multi-layered. Indeed, the leading cryptocurrency is benefiting from a perfect storm of data and speculation.

The surge arrives alongside the release of US inflation figures. Specifically, CPI shows core inflation in the United States has reached a 3-year low, falling to 3.4%. Subsequently, the Bitcoin investment market has seen increased participation from some of the biggest banks in the world.

Also Read: Coinbase Sees $500 Million Bitcoin Exodus, Whats Behind It?

The digital asset market has long been led by Bitcoin, and it continues to depend on its performance. Since the highly anticipated Bitcoin halving event took place in April, the market has noted a slight downturn compared to the start of the year. However, that looks to be turning around with the assets recent surge.

Indeed, Bitcoin (BTC) has reached the $65,000 level, with the asset rallying over the last 24 hours. A massive part of the momentum is connected to the inflation data that arrived on Wednesday. Specifically, it showed that inflation was down in the United States.

Also Read: Bitcoin: Novogratz Foresees $55K to $75K Trading Zone

This development remains critical for its implications for interest rate cuts in the United States. The Federal Reserve has implored a wait-and-see approach to such cuts while assuring that they will take place in 2024.

The cooperation of the inflation data increases the likelihood that those things will happen sooner rather than later. However, there is still concern regarding the speed of the inflation downturn, which may hinder multiple cuts from taking place this year.

Although inflation is playing a role in Bitcoins surge this week, it is not the full story. Alternatively, the Spot Bitcoin ETF market seems to be catapulting the asset to its recent levels.

Also Read: Spot Bitcoin ETFs Already BlackRock & Fidelitys Most Popular

BTC has surged today due to the increasing reports of Bitcoin ETF exposure. Indeed, a host of financial institutions have emerged with significant holdings in Bitcoin investment offerings. Subsequently, those US Securities and Exchange Commission (SEC) filings have greatly propelled the assets value this week.

The list of banks that have recently disclosed Bitcoin ETF exposure includes JPMorgan and Wells Fargo, the first and third largest banks in the United States, respectively.

The list continued to grow as Switzerlands largest bank, UBS, and one of Canadas Big Five, Bank of Montreal, also disclosed Bitcoin ETF holdings.

Additionally, entities like the State of Wisconsin Investment Board have disclosed $99 million worth of BlackRocks Spot Bitcoin ETF. These developments have increased the overall value of the influx of institutional interest.

Also Read: El Salvador Uses Volcano-Fuel To Mine 474 Bitcoin Worth $29 Million

Yet, the ETF market influence doesnt stop there, as there is still anticipation for institutions that could still enter. Specifically, Vanguard announced the hiring of BlackRocks former head of global ETFs, Salim Ramji, as its new CEO.

The investment management company had previously banned all spot Bitcoin ETFs in January of this year. However, the presence of Ramji has many investors speculating a shift from the firm.

Their embrace of the Bitcoin ETF market would be yet another trusted and prominent firm entering the fray. Subsequently, it should continue the trend of driving the price up as more institutional investors introduce Bitcoin exposure into their portfolios.

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Vanguard’s new boss says Bitcoin ETF not on the table: Report – Cointelegraph

The new chief executive of United States investment giant Vanguard has said he wont reverse the companys decision to not launch a spot Bitcoin (BTC) exchange-traded fund.

Vanguards new CEO, Salim Ramji the former head of BlackRocks global ETF business told Barrons in an interview published May 15 that Vanguard stands for consistency and crypto-related investment products do not align with its investment philosophy.

I think its important for firms to have consistency in terms of what they stand for and the products and services they offer, said Ramji, who is set to take over as Vanguard's CEO on July 8.

Ramji oversaw the launch of BlackRocks spot Bitcoin ETF in January, the iShares Bitcoin Trust (IBIT), which has amassed $18 billion in assets under management.

He has openly expressed his interest in crypto and his move to Vanguard had industry watchers speculating on what changes he would make at the firm.

Alongside BlackRocks ETF launch, its rivals including Fidelity and nine other investment managers also launched spot Bitcoin funds which have together seen over $12 billion in net inflows.

Vanguard, with its $8.6 trillion in AUM, opted for a different approach and didnt launch a Bitcoin ETF viewing crypto as a speculative investment and an immature asset class.

Bloomberg ETF analyst James Seyffart said in a May 15 X post he doesnt believe Ramji would usher in a Vanguard spot Bitcoin ETF.

Seyffart said, however, that Ramji might reverse the firms position to not allow its clients to buy other spot Bitcoin ETFs on its brokerage platform.

Vanguards outgoing CEO, Tim Buckley, said in March that he didnt believe a Bitcoin ETF belongs in a long-term portfolio of someone saving for their retirement as its a speculative asset.

His comments followed pressure from customers after the launch of the Bitcoin ETFs from rival firms.

Related: JPMorgan reports holding shares of several spot Bitcoin ETFs

In January, a number of Vanguard clients threatened to close their accounts over the firm blocking access to spot Bitcoin ETFs.

Meanwhile, Vanguard was indirectly exposed to Bitcoin through its stake in MicroStrategy where it is the second-largest institutional shareholder.

Rival investment firms are reveling again as flows turn positive in the wake of Bitcoins 7% move to reclaim $66,000 on May 16.

Net inflows for May 15 across all U.S spot Bitcoin ETFs were over $300 million excluding BlackRocks IBIT whose results had yet to be reported, according to preliminary Farside Investors data.

Magazine: Meme coins: Betrayal of cryptos ideals or its true purpose?

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Bitcoin Is Flying to $65,000! Thanks to Inflation? – Cointribune EN

6h34 3 min of reading by Eddy S.

Bitcoin just marked an incredible comeback! Driven by the euphoria of the latest inflation figures in the United States, the queen crypto has set off a festival of records this Monday, nearing $65,000. A huge breath of fresh air to restart the bullish engine!

Bitcoin investors were eagerly awaiting the release of the US Consumer Price Index. And for good reason, these crucial inflation data would dictate the next decision of the Fed on rates.

Against all odds, the inflation figures delivered a reassuring trend. The core CPI thus fell to 3.8% year-on-year, its lowest level in 3 years. A huge relief for markets hoping to finally see the end of the destructive rate hike cycle! The celebration was immediate on Wall Street where the key indices soared to new heights.

To ride this euphoric wave, Bitcoin didnt waste a second! The famous crypto directly seized the opportunity to resume its wild ascent. In a matter of hours, $64,700 was already surpassed in a completely crazy bullish whirlwind.

For seasoned analysts, this price awakening is just beginning. With such CPI figures, the probability of a dovish Fed pivot strengthens rapidly. So much so that some are now betting on a rate cut as early as July, potentially a new upheaval for Bitcoin!

Galvanized by the latest CPI figures, Bitcoin awakens to flirt with new unexplored heights. And this is just the beginning according to experts, who see in this energy revival the beginnings of a new large-scale super bullish cycle! Its euphoria time for the crypto market, the machine is back in full swing to attack new records. Get ready, Bitcoins comeback promises to be sudden and memorable!

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Le monde volue et l'adaptation est la meilleure arme pour survivre dans cet univers ondoyant. Community manager crypto la base, je m'intresse tout ce qui touche de prs ou de loin la blockchain et ses drivs. Dans l'optique de partager mon exprience et de faire connatre un domaine qui me passionne, rien de mieux que de rdiger des articles informatifs et dcontracts la fois.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

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Bitcoin price today: rises above $62k as dollar weakens ahead of CPI data – Investing.com

Investing.com-- price rose slightly on Wednesday, boosted by modest positive movement as the dollar weakened, ahead of a key U.S. consumer inflation report.

The worlds largest cryptocurrency climbed 1% over the past 24 hours to $62,489.1 by 07:58 ET (11:58 GMT).

Bitcoin witnessed some relief as the dollar sank on Tuesday after Federal Reserve Chair Jerome Powell said that current monetary policy was restrictive enough, indicating that interest rates will not rise further.

But Powell warned that the central bank had little confidence that inflation was moving back towards its 2% annual target.

This came after producer price index (PPI) data read hotter than expected for April, potentially setting the stage for a strong consumer price index reading later on Wednesday.

Meanwhile, signs of dwindling capital flows into Bitcoin and crypto investment products, along with the threat of more regulatory action, kept optimism towards crypto markets limited.

Three spot Bitcoin and exchange-traded funds in Hong Kong saw outsized outflows of nearly $40 million on Monday, wiping out two weeks of inflows since their debut on April 30.

While the immediate reason for the outflows was unclear, they also came as sentiment towards Hong Kong and Chinese markets soured amid increased U.S. trade tariffs on Beijing and mixed economic signals from China.

Outflows from the Hong Kong ETFs came amid dwindling capital inflows into their U.S. counterparts, as hype over the approval of spot Bitcoin ETFs for U.S. markets ran dry.

While initial hype over their approval drove Bitcoin to record highs over $73,000 in early-March, the worlds biggest cryptocurrency has traded largely within a $60,000 to $70,000 trading range for the past two months, amid scant positive cues.

Bitcoins halving event passed with little price action, while threats of more regulatory action by the U.S. Securities and Exchange Commission also kept traders averse towards crypto markets.

Apart from Bitcoin, broader cryptocurrency prices retreated, as traders turned more risk averse ahead of the U.S. CPI data.

World no.2 token Ethereum fell 0.25%, while and lost 1.6% and 1.1%, respectively.

Gains in meme stocks- such as GME and AMC- also inspired fleeting gains in meme tokens. fell more than 1.7%, while remained nearly flat.

Sticky U.S. inflation is likely to keep interest rates high for longer- a scenario that bodes poorly for crypto markets, which usually thrive in low-rate, high-liquidity environments.

Bitcoin miners slashed their coin inventory before the reward halving took effect on April 19, a trend that trend could soon resume as blockchain usage becomes cheaper, squeezing miners revenue.

"Daily average network fees spiked after the halving, offsetting some pain for bitcoin miners. However, fees have since come down as the initial rush of users to the Runes protocol cooled off," analysts at Kaiko said in a note.

"The recent decline in fees could lead to selling pressure from miners," they added.

The price of Bitcoin already faces downside risks from the long-defunct cryptocurrency exchange Mt.Gox's $9 billion payout to its creditors and further selling pressure from miners may exacerbate the situation.

Bitcoin miners generate revenue from two key sources block rewards and transaction fees. They receive a fixed amount of BTC as a reward for adding new blocks to the blockchain, along with transaction fees for including transactions in the blocks they mine.

Last month's halving reduced the per-block coin emission to 3.125 BTC from 6.25 BTC, putting the onus of compensating the negative impact on miner profitability on transaction fees and bitcoin's price.

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Crypto markets rally, but Ethereum struggles to keep pace with Bitcoin – Cointelegraph

On May 15, the cryptocurrency markets saw a 5.5% increase in total capitalization following the release of inflation and retail sales data from the United States. However, Ether (ETH) failed to fully capitalize on this bullish momentum. Ether last closed above $3,000 over five days ago and has underperformed the leading cryptocurrency, Bitcoin (BTC), by 22% since the start of 2024.

Crypto markets responded positively to U.S. consumer price index (CPI) data showing a 3.4% year-over-year rise in April, which aligned with market expectations. However, retail sales data for April, released on May 15, unsettled investors as it indicated stability from the previous month, contrary to economists' forecasts of a 0.4% increase. This development increased the likelihood of the U.S. Federal Reserve (Fed) implementing measures to stimulate the economy.

Even if the U.S. Fed decides to maintain interest rates above 5.25% for an extended period to control inflation, the central bank may resort to actions such as purchasing government securities to boost the money supply and reducing the discount rate at which banks borrow from the central bank. Essentially, even a hint of continued liquidity provision can shape economic expectations and behaviors.

Contrary to what might be expected, weaker economic activity is often seen as an indicator that more money will be injected into the system, which benefits investments in scarce assets like stocks, gold, and cryptocurrencies. Eventually, the government will need to issue more debt to fund these expansionary measures aimed at preventing an economic recession. Over time, inflation is likely to rise due to the additional money circulating, regardless of the interest rate.

Some analysts believe that the upcoming U.S. Securities and Exchange Commission (SEC) decision on May 23 regarding VanEck's spot Ethereum ETF application is a key reason for Ethereum's inability to surpass the $3,000 resistance level. The uncertainty surrounding this event leads traders to postpone their investment decisions until the outcome is more certain, which is logical. No matter how optimistic one might be about Ethereum's long-term prospects, a rejection from the SEC could lead to a short-term market correction.

Eric Balchunas, a senior ETF analyst at Bloomberg, has expressed doubt about the approval of a spot Ethereum ETF in 2024, given the regulator's cautious approach towards products that may be classified as securities, particularly those that include native staking services. This skepticism is also evident in the Ether derivatives markets.

To understand how professional traders are positioned, it's essential to examine the ETH futures and options markets. In neutral market conditions, Ether futures contracts are typically priced between 5% to 10% above the regular spot prices of ETH to account for the extended settlement period.

Currently, the Ether futures premium (basis rate) is at 9%, a figure that has remained stable for the past two weeks. This level indicates a general lack of enthusiasm concerning the decision on the spot ETF, suggesting a neutral sentiment among traders.

In the options market, there is an even balance in the demand for call (buy) and put (sell) options, as both types of instruments are trading at similar price levels. Typically, if traders expect a drop in Ether prices, the 25% delta skew metric will exceed 7%. Conversely, periods of high market excitement often result in a negative skew of 7%.

Related: Two brothers manipulated Ethereum protocols to steal $25M Justice Dept

If there had been an increased demand for bullish trades in anticipation of the spot Ethereum ETF decision, whales and market makers would likely have raised the prices for contracts that provide upside price protection. This would reflect their expectation of higher future prices and their intent to capitalize on traders' willingness to pay more for potential gains.

Although it's challenging to pinpoint the exact reasons behind Ethereum's inability to capitalize on today's gains in the cryptocurrency sector, ETH investors do not seem particularly optimistic about the approval chances of the spot Ethereum ETF. Additionally, other factors, such as the ETH supply becoming inflationary for the first time in 18 months, due to reduced transaction fees, may also be contributing to keeping ETH prices below $3,000.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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Crypto: Bitcoin Rally Leaves Ethereum Far Behind! Why? – Cointribune EN

8h42 3 min of reading by Eddy S.

The crypto markets experienced a bullish week, but Ethereum seems to be struggling to keep up with Bitcoins rapid pace. While the total market capitalization increased by 5.5%, ETH failed to fully capitalize on this bullish momentum.

ETH closed above $3,000 more than five days ago and has underperformed BTC by 22% since the beginning of 2024. This trend highlights the difficulty Ethereum is facing in maintaining its value against Bitcoin. Additionally, U.S. macroeconomic data seems to support the rally of some rare assets.

As a result, the markets reacted positively to the Consumer Price Index (CPI) data, which showed a 3.4% year-on-year increase in April, in line with market expectations. Unfortunately, this indicator was not enough to boost Ethereum as it currently is with the queen of crypto.

Some crypto analysts believe that the upcoming SEC decision on May 23, 2024, regarding VanEcks request for a spot Ethereum ETF, is a key reason for Ethereums inability to break the $3,000 resistance level. The uncertainty surrounding this event is leading traders to delay their investment decisions until the outcome is more certain.

However, despite long-term optimism regarding Ethereums prospects, a rejection by the SEC could lead to a short-term market correction. Eric Balchunas, Senior ETF Analyst at Bloomberg, has expressed doubts about the approval of an Ethereum ETF in 2024, given the regulators cautious approach toward products that could be classified as securities, particularly those that include native staking services.

In conclusion, while the crypto markets have had a positive week, Ethereum still needs to prove its ability to keep up with the market leader, Bitcoin, in this bullish race.

Maximize your Cointribune experience with our 'Read to Earn' program! Earn points for each article you read and gain access to exclusive rewards. Sign up now and start accruing benefits.

Le monde volue et l'adaptation est la meilleure arme pour survivre dans cet univers ondoyant. Community manager crypto la base, je m'intresse tout ce qui touche de prs ou de loin la blockchain et ses drivs. Dans l'optique de partager mon exprience et de faire connatre un domaine qui me passionne, rien de mieux que de rdiger des articles informatifs et dcontracts la fois.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

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Bitcoin could top $100K but only if ‘high-yield rate’ falls below 7% Analyst – Cointelegraph

One analyst says only one main indicator is necessary to predict whether Bitcoincan surpass its all-time high of $73,700 later in 2024, and it all rests on the shoulders of the United States Federal Reserve.

The U.S. high yield rate is a great indicator, and it really needs to drop below 6 or 7% for a sustainable all-time high, Timothy Peterson, Cane Island Alternative Advisors founder and investment manager, told Cointelegraph. He explained that the primary measure he looks to for Bitcoin (BTC)price action is interest rate movement.

At the time of publication, the U.S. high yield rate which represents the rate of high-yield corporate bonds because of their higher risk of default is 7.54%, according to YCharts data.

Peterson predicted that if yield rates fall within the 6 or 7% range, Bitcoin could see the much-anticipated $100,000 price tag by the fourth quarter of 2024 or, at the latest, the second quarter of 2025.

Typically, the Federal Reserve lowering interest rates leads to the high-yield rate following suit, something that nearly two-thirds of economists surveyed predict will happen in September, according to a recent survey conducted by Reuters.

Interest rates are perceived as an important indicator for crypto traders, as lowering rates typically leads to less yield for investors in safe-haven securities such as bonds and term deposits.

As a result, more investors turn to riskier assets such as Bitcoin to achieve better returns on investment.

Peterson argued that overall markets are generally flat and volatile between September and October.

Not always, but many times, he commented. However, with the upcoming U.S. election, he claimed the uncertainty will be higher through October ahead of the election day, currently slated for Nov. 4.

Related: Bitcoin traders expect Fed Chair Powell to pump our bags and BTC to target $80K+

Meanwhile, crypto analyst Scott Melker, also known as The Wolf of All Streets, declared that the Fed cutting interest rates isnt always favorable for assets outside of fixed-income investments.

There is a wildly popular theory that a Fed pivot is good for markets, he stated in a May 14 post on X.

Rate cuts generally precede major dips, he commented on the wider overall market.

Magazine: Buy altcoins now, but sell before mid-2025: Charles Edwards, X Hall of Flame

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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