Katie Stockton, founder and managing partner of Fairlead Strategies, talked about the US economy in the TV program she participated in. Bitcoin And Ethereum He made statements about.
While discussing Treasury yields, Stockton suggested a potential downtrend in 10-year yields and predicted a move below 3%. Stating that there is a change in momentum on a long-term basis, Stockton pointed to a relief rally in the countertrend in yields.
Despite the uncertainty surrounding rate cuts, Stockton remains cautiously optimistic about the market’s overall resilience.
Report, cryptocurrency It ended with a discussion on the market, specifically Bitcoin and Ethereum. Stockton said he predicted a brief dip below $40,000 for Bitcoin, but he highlights the uptrend and breakouts in price before the pullback. He expressed more excitement about Ethereum’s trend and momentum, considering that the relative strength has shifted in favor of ETH.
Stockton recently said that the price of Bitcoin could rise to $56,400 with the approval of the Spot ETF. However, BTC entered a downtrend after rising to around $48,000.
*This is not investment advice.
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