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The bull issue of BTC with the dollar index slices is strengthened, NVIDIA recorded a high record amid recession signals

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Bitcoin

Nearly 10 % of the lowest webly, with the main developments in the traditional markets that support the issue to make continuous gains.

The dollar index, which tracks the value of Greenback against the main FIAT currencies, has decreased to 97.27 early on Thursday, the lowest level since February 2022, according to the TRADINGVIEW data source. The decrease follows increasing calls to reduce the federal reserve rate in July and disappointing data about housing and consumer confidence.

The dollar, a global backup currency, tends to reduce financial conditions, which increases the risk in financial markets.

“DXY [is] Now at the lowest level since March 2022. The very bullish effects on the growth of global money and bitcoin offer. “

BTC and NVDA

At the same time, stocks in Nafidia (NVDA)The bell of all things of artificial intelligence and emerging techniques increased by 4 %.

Both NVDA and BTC were bottom in late 2022 and they have been in a upward direction since then. As of the time of writing this report, the 90 -day correlation coefficient between NVDA and BTC 0.80, indicating a strong positive relationship between assets.

The NVDA record came a day after the formation of the future Nasdak, a bullish golden cross, indicating the continued high risk.

Bondness of stagnation

The return on the American memo has decreased for two years, which is more sensitive to interest rate expectations, to 3.76 % early today, the lowest level since May 2. The return has decreased by 24 basis points this month. Meanwhile, the return for 10 years decreased by 16 basis points to 4.27 %.

As such, the spread between the revenues for 10 and two years has widened in a step known as the return curve.

Historically, the recession began with the return of the return for a period of two years, along with the return curve, and the wealth advisor Kort S. pointed out. Ultrich on X.

“We are not there yet, but we are danced on the edge. The spread of 10y-2Y suffers from its revolution. If 2Y is collapsing, it indicates that the Federal Reserve has lost control. This is your brave. Watch it closely,” Altrichter said.

Consumer expectations indicate an imminent stagnation

Consumer confidence fell last month to the reading of 93, and a decrease in 5.4 points from May, with the respondents in the Republican Party leading this decrease, according to Data issued by the Conference Council on Tuesday.

More importantly, the expectation index, which represents a short -term look, has decreased to 69, much lower than the 80 threshold that usually indicates imminent stagnation.

The price of traders in federal reserve price discounts

These developments, along with Oil prices chip The talk about the rate of the July rate by some FBI officials has prompted traders to prices at an early rate of interest by the Federal Reserve. According to CME Fedwatch.

According to BloombergThe interest rates now exchanged about four basis points to alleviate to the Federal Reserve meeting in July, up from scratch a week ago. Moreover, traders expect 60 basis points of mitigation during the remaining four meetings this year, up from 45 basis points a week ago.

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