19 days after the April 20, 2024 halving, the price of Bitcoin has still not reacted positively. This event, which only occurs every 4 years, comes in a still fragile crypto context. However, history shows that previous halvings have consistently propelled the BTC price to new heights. What will happen this time?A Promising Halving Despite Limited Short-Term ImpactThe 4th halving in Bitcoin’s history, which occurred on April 20, 2024, cut mining rewards from 6.25 to 3.125 BTC per mined block. While this event temporarily affected the network’s hashrate, the BTC price did not undergo a significant correction.Trading around $64,000 at the time of the halving, the Bitcoin continues to hold these levels 17 days post-event. Historically, halvings have always been followed by a strong appreciati

Singapore was the third-largest net gold buyer in 2023. In March this year, the central bank of Singapore also bought 4 tons of gold. 🥉1. How Much Gold Did Singapore Buy in 2023?According to the World Gold Council, Singapore had 153.74 tons of gold by the end of 2022. Therefore, the addition of 76.5 tons of gold in 2023 means a substantial increase of 49.8% in Singapore's gold reserves.Source:www.silverbullion.com.sgAmong developed countries, Singapore currently has more gold than Belgium, Sweden, South Korea, Australia, Denmark, Finland, Norway, and Canada.Among ASEAN countries, Singapore's gold reserves rank second, only 14.14 tons behind the first place Thailand. 2. Questions for Tigers：Why do you think central banks are actively buying gold?Singapore is one of the few countries today w

Gold continued to break new highs in Asia yesterday on the back of weekend data and geopolitical factors, but the new highs didn't end there! XAUUSD (Gold) - Traders at X platform pointed this week will be the probability of breaking through 2300!The technical aspects of the European and American markets fell back, could not resist the momentum of the rise! 1H trend in the vicinity of touching 2228, maintaining the oscillator upward, the bottom of the bottoming success, today will further break through the new highs, the highs are concerned about the 2265.5 resistance, the probability of breaking through the resistance today to reach the new highs, remember to buy orders to trade mainly! More real-time signals, home page add my contact information!Image

article-main-imgKey TakeawayAlgorithms are set to buy stocks, bonds, and gold into early February, driven by CTAs re-leveraging amid market calm.CTAs will likely continue purchasing across asset classes in nearly all scenarios except a major Treasury market shock.Gold $Gold - main 2404(GCmain)$ is poised for significant algorithmic buying even at $2,000 per ounce as macro traders adjust for a potential rate-cutting cycle.Algorithmic Trading Strategies to Drive Market ActivityAutomated trading strategies are set to dominate market activity in the coming weeks, with professional investment managers expected to re-leverage their positions amidst a calmer financial market environment. Daniel Ghali, a senior commodity strategist for TD Securities,

The price of Bitcoin once fell below $39,000 yesterday and rebounds to $40,000 today.After this significant drop, retail investors believe that BTC will continue to decline?Asurvey by Deutsche Bank indicates that many retail investors still think Bitcoin will further decrease by the end of this year.More than one-third of respondents believe that by January next year, Bitcoin will drop below $20,000.Some investors say 35000-36000 might be a key level for Bitcoin in Feb.When will the next bullish trend for BTC start?Historical cycles suggest that Bitcoin often experiences rapid growth after halving.BTC halvening occurs every four years.The most recent one occurred on May 11, 2020, and the next one is expected in April 2024.This implies a high probability of Bitcoin's price rebounding in Q2.