{"id":15186,"date":"2024-07-13T15:40:00","date_gmt":"2024-07-13T12:40:00","guid":{"rendered":"https:\/\/forklog.com\/en\/bitcoin-faces-speculation-ethereum-etf-anticipation-and-hamster-kombat-pre-market\/"},"modified":"2024-07-13T15:40:00","modified_gmt":"2024-07-13T12:40:00","slug":"bitcoin-faces-speculation-ethereum-etf-anticipation-and-hamster-kombat-pre-market","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-faces-speculation-ethereum-etf-anticipation-and-hamster-kombat-pre-market\/","title":{"rendered":"Bitcoin Faces Speculation, Ethereum-ETF Anticipation, and Hamster Kombat Pre-Market"},"content":{"rendered":"<p><em>\u201cShould Have Bought\u201d is a news podcast by the ForkLog editorial team covering the week&#8217;s main industry events and the hottest tokens.\u00a0<\/em><\/p>\n<p><em>Topics include: slowing inflation in the US, the psychological impact of Mt. Gox, German &#8220;bears,&#8221; ETF inflows, and the potential drop of Bitcoin to $44,000.<\/em><\/p>\n<p><em>Participants: ForkLog authors <\/em><a href=\"https:\/\/linktr.ee\/halflife85\"><em>Alex K.<\/em><\/a><em> and <\/em><em>Vasily Smirnov<\/em><em>, ChatDPT project hosts Peter Bell and Denis Smirnov<\/em>.<\/p>\n<h2 class=\"wp-block-heading\">US Inflation Slows, But Bitcoin Remains Unaffected<\/h2>\n<p>In June, annual inflation in the US slowed from 3.3% to 3%, falling below the consensus forecast of 3.1%.<\/p>\n<p>Favorable macroeconomic data briefly boosted Bitcoin&#8217;s price above $59,000. However, it failed to hold above the psychological level of $60,000, with the 200-day moving average providing additional resistance.<\/p>\n<p>Citi analysts predicted the start of a cycle of Fed rate cuts, noting that the regulator would change its policy due to the US economy&#8217;s &#8220;sharp downturn.&#8221;<\/p>\n<h2 class=\"wp-block-heading\">Aiming for $100,000 Despite Challenges<\/h2>\n<p>German authorities continue to move large sums of Bitcoin, and Bitstamp has promised to promptly distribute Mt. Gox payouts. However, Bitwise&#8217;s Chief Investment Officer Matt Hougan believes these and other bearish factors will not hinder Bitcoin&#8217;s path to $100,000 by year-end.<\/p>\n<p>The expert highlighted five &#8220;tailwinds&#8221;:<\/p>\n<ul class=\"wp-block-list\">\n<li>inflows into spot Bitcoin ETFs;<\/li>\n<li><a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-undergoes-fourth-halving\">halving<\/a> of the first cryptocurrency;<\/li>\n<li>the anticipated launch of spot Ethereum ETFs;<\/li>\n<li>changes in the US political landscape;<\/li>\n<li>the prospect of Fed rate cuts.<\/li>\n<\/ul>\n<p>He also emphasized the &#8220;tectonic shifts&#8221; in politicians&#8217; attitudes towards cryptocurrencies, thanks to Republicans who have included digital assets in their agenda for the year.<\/p>\n<h2 class=\"wp-block-heading\">A Bitter Pill<\/h2>\n<p>Renowned technical analyst and Factor LLC head Peter Brandt identified a bearish &#8220;double top&#8221; pattern on Bitcoin&#8217;s chart, which could lead to a price drop to $44,000.\u00a0<\/p>\n<p>The expert noted that the current decline is 10%, while the model suggests a 20% drop, indicating a potential continuation of the correction.<\/p>\n<p>However, Bitfinex analysts observed signs of a downturn&#8217;s end. They believe that factors such as overselling, negative funding rates, and the recovery of the SOPR indicator may signal a local bottom.<\/p>\n<h2 class=\"wp-block-heading\">What&#8217;s the Price of Hamster Kombat Token?<\/h2>\n<p>Cryptocurrency exchange Bybit has launched the pre-market for the Hamster Kombat (HMSTR) token.\u00a0<\/p>\n<p>Users can buy or sell coins through the <a href=\"https:\/\/www.bybit.com\/en\/trade\/spot\/pre-market?token=HMSTR&#038;channel=pr_&#038;medium=organic_social&#038;source=twitter&#038;sa_utm_ci=64&#038;pid=Social_twitter&#038;dtpid=17204204687713891&#038;campaign=emergencylisting_17204204687713891&#038;utm_source=twitter&#038;utm_medium=organic_social&#038;c=emergencylisting_17204204687713891&#038;sa_utm_channel=pr_&#038;sa_utm_tcn=17204204687713891&#038;is_retargeting=true\">order system<\/a>, where the highest price reaches $1000, and the lowest is $0.001.\u00a0<\/p>\n<p>Bybit clarified that the project&#8217;s total supply will be 10 billion HMSTR, but trading is conducted not with tokens but with &#8220;Points,&#8221; which can later be converted into coins at the official exchange rate.<\/p>\n<p>The exact date for the full listing of HMSTR remains unknown. According to the Hamster Kombat roadmap, the token launch is planned for the end of July.\u00a0\u00a0<\/p>\n<p>Meanwhile, the clicker developers have already announced a second airdrop.<\/p>\n<p><em>Subscribe to the podcast:<\/em><\/p>\n<p><a href=\"https:\/\/podcasts.apple.com\/us\/podcast\/%D0%BD%D0%B0%D0%B4%D0%BE-%D0%B1%D1%8B%D0%BB%D0%BE-%D0%BF%D0%BE%D0%BA%D1%83%D0%BF%D0%B0%D1%82%D1%8C\/id1728986783?uo=4\">Apple Podcasts<\/a><\/p>\n<p><a href=\"https:\/\/open.spotify.com\/show\/5RvP1iutmrT4D0LyWiOkAG\">Spotify<\/a><\/p>\n<p><a href=\"https:\/\/music.yandex.ru\/album\/29567644?dir=desc&#038;activeTab=about\">Yandex Music<\/a><\/p>\n<p><a href=\"https:\/\/www.deezer.com\/ru\/show\/1000645132\">Deezer<\/a><\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?feature=shared&#038;v=SlszbS_fVaE\" title=\"\">YouTube<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201cShould Have Bought\u201d is a news podcast by the ForkLog editorial team covering the week&#8217;s main industry events and the hottest tokens.\u00a0 Topics include: slowing inflation in the US, the psychological impact of Mt. Gox, German &#8220;bears,&#8221; ETF inflows, and the potential drop of Bitcoin to $44,000. Participants: ForkLog authors Alex K. and Vasily Smirnov, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":15185,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1241],"class_list":["post-15186","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-podcast"],"aioseo_notices":[],"amp_enabled":true,"views":"11","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/15186","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=15186"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/15186\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/15185"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=15186"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=15186"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=15186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}