🔵 #Can BTC Break $110K?#
Bitcoin recently broke above $107,000 and is currently trading around $105,000, just shy of its all-time high at $109,580. Do you think Bitcoin can set a new record and push past $110,000? Share your analysis and predictions with us!
🔵 #AI Token Market Cap Rebounds#
According to CoinGecko, the total market cap of the AI agent sector has rebounded to $6.862 billion, with a 1.2% increase in the past 24 hours. Notably, VIRTUAL surged 18.5%, and AI16Z rose 7.1%. Which AI tokens are you bullish on? How are you planning your portfolio strategy? Let’s hear your thoughts!
Singapore Bank: The safe-haven status of U.S. Treasuries is precarious, highlighting the view that the dollar has peaked.
On May 19, Mansoor Mohi-uddin, Chief Economist of Bank of Singapore, stated in a research report that the downgrade of the US credit rating last Friday has widespread implications for its economic outlook. Firstly, the deteriorating fiscal condition of the US strengthens the view that long-term US Treasury yields will rise over time. The bank continues to forecast that in the next 12 months, the yield on 10-year US Treasury bonds will reach 5.00%. Secondly, the threat to the safe-haven status of US Treasury bonds highlights the bank's belief that the dollar has already peaked. Finally, the US's huge deficit and Inflation may force The Federal Reserve (FED) to maintain interest rates at elevated levels for a longer period. (Jin10 )