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Bitcoin (BTC) faces a “breakdown” and distribution despite a new macro economic paradigm being around the corner. That was one of the conclusions of quantitative Bitcoin and digital asset fund Capriole Investments, which in its latest update warned that Bitcoin was “not yet” ready to flip bullish. Capriole: Bitcoin fundamentals say "not yet" United States equities are booming and the Federal Reserve may be at the end of its most stringent monetary tightening ever — but Bitcoin has failed to react. As traders predict a return to levels closer to $25,000 or worse, Capriole believes that more time is necessary for the new macro economic reality to sink in. “At the same time that Bitcoin has been faltering, the S&P500 has had its longest winning streak in years and the Fed has essentially paused rate hikes at what is now the tightest monetary policy regime on record,” founder Charles Edwards wrote. “In essence we are at a macro pivot point and (all else equal) entering a new ...

Bitcoin-friendly Musk is no fan of the Fed’s inflation policy, he reveals, as Arthur Hayes says U.S. economic decisions are sending BTC price on a path to $1 million. The United States Federal Reserve has been “too heavy-handed ” in taming inflation, said pro- Bitcoin (BTC) Tesla and Twitter CEO Elon Musk. In a Twitter debate on March 29, Musk directly criticized U.S. macroeconomic policy, including “excess government spending.” Musk: Fed policy is a “serious issue” Bitcoin and crypto markets remain extremely sensitive to Fed cues on interest rate policy. Despite inflation gradually coming down, the Fed has continued to hike rates even as banks feel the pressure and several collapses. For Musk, this is already a case of going too far — with banking crisis contagion spreading to Europe, the U.S. dollar, he agrees, is quickly losing appeal. In a response to a thread on dollar supremacy by Genevieve Roch-Decter, CEO of financial insights firm Grit Capital, Musk did not mince his words. “...