A new report from digital asset custodian Copper provides an in-depth analysis of what it takes for Bitcoin to reach new all-time highs. Its research shows that the money flowing into Bitcoin spot ETFs will have a significant impact in the coming months. While inflows have been good so far in May, Copper believes this hasn't been enough to deliver a significant boost – at least for now: "Wallet data shows that ETFs and treasury programs aren't creating new demand, just repackaging old coins...... The market is not accumulating, it is reconfiguring. What seems like a strong momentum may just be structural. "Fadi Aboualfa, Head of Research, used data analysis to reveal the amount of demand needed to reach some long-awaited price milestones. "For Bitcoin to reach $150,000, it would likely require an additional $20 billion from ETF buyers," he said. Reaching $200,000 could cost nearly $45 billion. That's a huge amount of new investment – comparable to what ETFs have brought in so far. If Bitcoin reaches $200,000, it will be worth more than Microsoft. ”

Golden Finance reports, The Federal Reserve's Barkin: The world does not like the US dollar as a reserve currency, but there aren't many alternative options.

Odaily Planet News CZ in X

Despite all the talk that inflation is cooling in the US, prices aren't actually falling. This is because most items have not become cheaper. Indeed, prices are actually growing at a slower rate -- that is, inflation is slowing. But for the average American, the experience is that everything is more expensive than it used to be, and that won't change until there is full-blown deflation. Price data from the U.S. Bureau of Labor Statistics (BLS) shows that basic items such as ground beef and potato chips are now on average higher than pre-pandemic levels. Gasoline prices are rising again, and the cost of electricity and various other daily necessities remains high. That largely explains why Americans are pretty depressed about their finances, which also weighed on confidence indicators.

Hawkish comments from the Federal Reserve this week could weigh on risk sentiment, spur safe-haven demand for the dollar and boost the fear index VIX. At the same time, risk assets are facing another red flag, as the extra yield for buying investment-grade corporate bonds instead of U.S. Treasuries rose to the lowest level in a generation. Things aren't much better for stocks, with benchmark stocks now yielding less than the yield on three-month U.S. Treasuries, which could act as a powerful cap on gains. Both the VIX index and the Bloomberg Dollar Spot Index fell into oversold territory after three straight weeks of declines. They are prone to a quick reversal if risk sentiment sours