BTC's current market value percentage has dropped to 55.90%
--
BTC has declined, with a trading volume of $97.1 billion in the past 24 hours and a circulating market value of $1.89 trillion, representing a 1.39% decrease in market value. Data for reference only
According to the Wyckoff model analysis, if the support level of 94K (cost basis for 6 to 12 month holders) is lost, the next target may be 86K. Cointelegraph
[Federal Reserve's Logan Says Gradual Cooling of Labor Market Aligns with Inflation Reduction Goals]
Federal Reserve's Logan stated that the labor market is gradually cooling, which aligns with the goal of reducing inflation.
[Federal Reserve's Logan: No Signs of Inflation Falling to 2%]
Federal Reserve's Logan stated that there are currently no signs indicating inflation will fall to 2%, and he is not convinced of this. He believes that moderately tight policies are appropriate and emphasized the importance of maintaining focus on achieving the 2% inflation target.
The co-founder and executive chairman of Strategy stated that the company's demand for Bitcoin is "difficult to meet" and denied recent rumors of selling Bitcoin. （Decrypt）
[Federal Reserve Logan: Four Consecutive Years Missing the 2% Inflation Target]
Federal Reserve Logan stated that the Federal Reserve has failed to achieve the 2% inflation target for four consecutive years.