According to historical speculation, interest rate cuts are usually accompanied by a bull market after a big drop❗ Only one soft landing has been achieved since the 1980s. This happens when the job market is improving and unemployment is falling. This time the labor market is a little bit...
The U.S. central bank cut interest rates by 0.50% on September 18, its biggest surprise since 2008. It was the first rate cut since the COVID-19 crisis in March 2020. The Fed is trying to keep inflation moving toward its 2% target through regulation. However, the Fed acknowledged that the economic outlook is uncertain and will carefully evaluate the data received at its next meeting. (Setting the stage for market volatility)
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🔹The market didn't like the hawkish Fed yesterday, and crypto was hit hard. 🔹 BTC is still holding at 100k, which is crucial to see one more push before a larger correction arrives. 🔹The weekend gap at the Chicago Mercantile Exchange (CME) has been filled, and U.S. GDP data will also be released later, which may provide some uplift to the market.
Old Deng wants to throw a pile of mess at Xiao Te, and Xiao Te is getting anxious...
President Trump is strictly regulating any Republicans willing to push through a new spending bill that would delay the "debt ceiling" dispute until his new term.
"Any Republican foolish enough to do this should, and will, participate in the primaries. Everything should be ready and fully negotiated before I take office on January 20, 2025."
🚨Federal Reserve Chairman Jerome Powell states that Bitcoin will not be allowed to be deposited in the Federal Reserve's vault.
Powell confirmed that legal barriers prevent the Federal Reserve from holding assets like $BTC. "We are not allowed to hold Bitcoin," he clarified at a press conference.
Although Powell remains cautious, a significant shift is brewing. President-elect Donald Trump's goal is to establish a national Bitcoin reserve, utilizing seized assets and consolidating the U.S. dominance in the cryptocurrency space. 🌎💡
As $BTC surpasses $100,000, investor optimism is soaring. Trump's appointment of David Sacks as the new crypto and AI czar marks a major shift in U.S. policy. 🔥📈
Is this the beginning of the Bitcoin era in America?
Federal Reserve Chairman Powell: It may take 1-2 years for the inflation rate to reach 2%, and we believe that policy remains at a significantly restrictive level.
This means there will be no interest rate hikes, and the Federal Reserve will continue to cut rates, but at a slower pace.
Federal Reserve Chairman Jerome Powell stated that the Federal Reserve "does not allow owning Bitcoin." Whether the U.S. government should hold Bitcoin is a decision for Congress, but the Federal Reserve itself has no intention of holding any Bitcoin.
Please note that the Federal Reserve is a private company and is not part of the U.S. government.
BlackRock's gold ETF took 20 years to reach $33 billion in assets under management (AUM); Meanwhile, BlackRock's Bitcoin ETF surpassed this level in less than a year, becoming the fastest-growing ETF in history.
⚡️Latest News: Analysts say that Bitcoin and Ethereum combination funds will lead the wave of crypto ETFs in 2025
Bloomberg ETF analysts Eric Balchunas and James Seyffart expect that the first new BTC and ETH combination fund will follow closely behind ETFs tracking Litecoin or Hedera.
A whale created a new wallet 20 hours ago, and as the price fell, he withdrew 5.29 million $ENA from #Binance at an average price of $1.12 (5.92 million dollars).
Survey of Financial Advisors on Cryptocurrency 🇺🇸:
- 59% do not invest in cryptocurrency and have no plans to do so in the future. - 26% currently do not invest but plan to invest in the future. - 12% use cryptocurrency as part of a financial strategy at the request of clients. - 3% actively recommend cryptocurrency as part of their financial planning.
Similarly, only 0.5% of Microsoft shareholders voted in favor of including Bitcoin in Microsoft's reserves. Bitcoin has surpassed $100,000, but many still do not believe...
European Parliament member Sarah Knafo calls on the EU🇪🇺 to reject the digital euro and encourages the creation of a Bitcoin reserve fund, warning of the "authoritarian temptation" of the European Central Bank. She cited El Salvador as an example, where even Donald Trump and the Chair of the Federal Reserve consider Bitcoin to be digital gold.
The Satoshi Nakamoto Act Fund (an organization dedicated to working with policymakers on Bitcoin regulation) has completed the draft of the U.S. presidential executive order 🇺🇸 to establish a 'Strategic Bitcoin Reserve' fund.
If President Trump is willing, he can sign this order on his first day in office.