NOVA COLLECTIVE INVEST TEAM Report: Bitcoin Consolidates Between $100,000 and $110,000, with $98,700 Acting as Key Support

Bitcoin has been trading sideways in the $100,000 to $110,000 range, with short-term holders establishing $98,700 as a crucial support level. As Q2 closes and the market enters Q3, historical data shows this is typically Bitcoin’s weakest quarter, with an average return of just 6%.

Meanwhile, the US economy faces a dual challenge of declining consumer spending and persistently high inflation. The Federal Reserve remains cautious, reducing the likelihood of rate cuts in the short term.

On the innovation front, Gemini has launched tokenised US stock services for EU investors, initially supporting StrategyShares (MSTR). In Hong Kong, GF Securities and HashKey have jointly introduced the multi-currency tokenised security "GF Token," further advancing the digitisation of physical assets.