Bitcoin Slips to $121.5K as Dollar Strengthens; Binance Unveils ‘Meme Rush’
BTC reversed the Wednesday bounce with a drop to $121,500 early Thursday alongside flat-to-negative action in the European equity markets and persistemt strength in the U.S. dollar.
Jamie Dimon, chief executive of JP Morgan, warned of a major stock market correction in the coming months.
Meanwhile, Arhur Hayes, chief investment officer at Maelstrom Fund said that bitcoin’s four-year halving cycles are dead and the impending fiat liquidity deluge across the advanced world will continue to grease the crypto bull market.
“The global liquidity cycle is clearly turning. Central banks are quietly transitioning from tightening to easing, with rate markets now pricing 90% odds of a Fed cut in October and another in December. In Europe, the…
