$BTC (-0,93 %)

It's the weekend and, as is so often the case, that means a quiet crypto market. However, Bitcoin (BTC) was able to gain some ground today. The value of the largest cryptocurrency has risen to almost 106,000 dollars. But more importantly, the end of the downward trend of recent weeks appears to be near. At the same time, the market has enough positive clues for the coming Monday.

Bitcoin continues to rise

Bitcoin is now even on course to end the week in the green. A lot has changed in a few days in this regard. On Thursday, this seemed an almost impossible task when the price collapsed during the clash between Donald Trump and Elon Musk.

On that day, the Bitcoin price plummeted to a low of 100,400, which is a good 5,000 dollars lower than this week's opening price. A second red week in a row seemed inevitable.

But a day later the loss was already erased, and today Bitcoin is continuing on the same footing. The 105,000 dollar mark was broken this afternoon, and shortly afterwards we were close to 106,000 dollars.

This means that Bitcoin has now also risen back above the 10-week moving average (the yellow line). If it manages to stay above it today, analyst Matthew Hyland says it is "very likely" that we have seen the bottom. He even thinks that we can now prepare for new all-time highs.

The current record of 112,000 dollars was reached on May 22. After that, the price corrected by more than 10 percent. In relative terms, that's not too bad. And it was necessary somewhere, after seven consecutive green weeks with a total increase of almost 50 percent.

Good news on the horizon?

The crypto market is mainly driven by the expectation that positive news will come out of the trade dispute between the United States and China next Monday. Last Thursday, Trump announced that he had had "a good conversation" with Chinese President Xi Jinping. This was followed a day later by the announcement that representatives from both countries would be sitting around the table in London on Monday.

''The meeting should go very well,'' Trump wrote on his Truth Social. The last time a tentative agreement was reached was just the push Bitcoin needed to set a new record.

https://newsbit.de/bitcoin-kurs-steigt-auf-106-000-markt-hoffnungsvoll-fuer-montag/

$ICHN (+1,23 %)
$BTC (-0,93 %)
$IWDA (-0,09 %)
$CSPX (-0,17 %)
$EIMI (+0,38 %)

The Chinese central bank carries out a reverse repo transaction and pumps 1 trillion yuan (139 billion US dollars) into the market.

This could continue to boost the markets and, in particular, the expansion of the $BTC (-0,93 %) 🚀

In practice, this means that this is quantitative easing.

An easing of monetary policy and liquidity maneuvers with a strategic goal:

1. hedging the systemic weakness of the Chinese economy (especially local governments, the real estate sector and the manufacturing industry).

2. signal control in domestic markets to suppress volatility and prevent panic.

3. increase risk appetite in global capital markets as liquidity flows outward.

It will be interesting to see how the markets react.

What a day for $IREN (+1,73 %)
$HUT (+1,96 %)
$3350 (-7,27 %)
$HIVE (+1,27 %)

Unusually, miners have made up a lot of ground in the past week. $BTC (-0,93 %) The price of IREN is relatively low and yet the miners are on the rise.

I have held my position in IREN and am curious to see what will happen over the long weekend. Ideally, BTC will rise to €95,000 and the miners will rise by over 15% again on Tuesday... we'll see, but as always it could go exactly the other way...

I wish you all a relaxing weekend. 🤘🏼😊

$VWRL (+0,12 %) or would you rather use overnight money to hit a dip? What would you do?

Over the next few months I will receive the above-mentioned extra on top of the regular savings rate, which currently goes almost 100% into the All-World. To be honest, I am also considering putting some into the $VUSA (-0,17 %) to boost the return a little. Alternatively $BTC (-0,93 %) conceivable...

Here is the May Rewind for the entire portfolio, including the 30% SBR ($BTC (-0,93 %) ).

The other 70% are basically FTSE All World ($VT (-0,16 %) / $VWRL (+0,12 %)).

The personal SBR. 😀

As a former Bitcoin ($BTC (-0,93 %)) critic and economist, I am now about 30% "Bitcoin Maxi". It's funny how things change. Nothing stops this train. :)

Hello everyone,

I have now done it and reorganized my portfolio.

I have moved away from individual shares (divi stocks) to ETFs with dividends. These will be reinvested!

Savings plans are running on the individual positions in proportion:

$VWRL (+0,12 %) 65%

$JEGP (-0,05 %) 15%

$TDIV (-0,19 %) 15%

$BTC (-0,93 %) 5%

In addition, starting next year, I will receive approx. 2500€ per year in shares from my employer (IT company).

• $BTC (-0,93 %) s security model is unsustainable in the long term unsustainable.
• Without extremely high transaction fees or inflation security will collapse. Consequently, the 21 million supply will be canceled
• "Bank run" is foreseeable - transaction congestion leads to hopelessness for users. Only 3-7 transactions per second → mass exit leads to weeks/months of transaction congestion
• Governance is centralized & blocks any meaningful change.
• A final crash within a few cycles is inevitableif no drastic reforms are made.