Bounceback: Bitcoin at $30,000 level, but surge puts $100,000 within sight https://ift.tt/XcjCnAD is set to climb for the fourth consecutive month after an April gain, the best streak since the six-month climb through March 2021. In the past decade, four months winning runs have foreshadowed a Bitcoin surge of 260% in the year subsequent to the streak. This kind of run has led to projections that the largest cryptocurrency could reach $105,000, but experts are cautious about saying it's inevitable.
Government's cash surplus tops Rs 3.4 lakh crore https://ift.tt/54P3HSG from the deceleration in government spending, higher direct tax collections and a likely sharp rise in issuances of Treasury Bills by the Centre in FY24 were factors pushing up the government's cash balances, analysts said. The flow of government cash balances to and from the banking system is a key factor that influences liquidity conditions.
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