🔥 Poll: Can BTC Break Its ATH This Week?
ATH Recap: Bitcoin hit its ATH of $109,702.5 on Jan 20, 2025, followed by a consolidation phase.
Recent Trends: With easing geopolitical tensions, sustained institutional inflows, and improving market sentiment, BTC has shown strong upward momentum.
This Week’s Key Question: The market looks bullish, but the ATH remains a major resistance level.
🗳️ Share your take—let’s see where the market goes!
Institution: Australia has room to cut interest rates, which helps avoid economic recession.
On April 14, Jin10 reported that AMP Chief Economist Shane Oliver stated that Australia should avoid an economic recession triggered by tariffs, especially since there is room for interest rate cuts. The cash interest rate set by the Reserve Bank of Australia during the COVID-19 pandemic was 0.75%, and Oliver pointed out that the current rate of 4.10% gives it ample room to maneuver. He believes that the Reserve Bank of Australia does not need to hold an emergency interest rate meeting, but he thinks there is a 35% chance that the next meeting scheduled for May will end with a 0.5 percentage point rate cut. He added in a report that compared to potential economic growth shocks or increases in commodity supply, the risks to inflation posed by a weaker Australian dollar may be relatively small.