🚨 We now have new macroeconomic data. The year-on-year CPI is a bit higher than the previous one, but it remains within the estimates... 🤔
⚡️ Prices are not going to stop rising for the moment and it is expected that the FOMC will raise interest rates by 25 basis points on the next 18th. Are you ready for volatility? 🕯🥶
📊 The President of the Federal Reserve, Jerome Powell, stated that the #Bitcoin does not represent a direct challenge to the US dollar as a dominant currency. According to Powell, Bitcoin has a role more similar to that of gold, acting as an alternative or reserve asset rather than directly competing with the dollar. 💥
⚡️ Although he acknowledges its growing popularity, Powell emphasized that most cryptocurrencies still do not fulfill the key functions of traditional currency, such as a medium of exchange or stable store of value. Therefore, he sees them more as speculative assets than as threats to the current financial system... #BTC☀
Warren Buffet has been aggressively selling stocks. His cash recently reached a record of 325 billion dollars. ⚡️
🔥 Buffet's previous peak cash allocation occurred in December 2004, three years before the crisis began. So, why is Buffett accumulating such a large amount of cash now? 🤔
🟢 Simply put, Buffett invests more when markets are cheap and less when they are expensive. The price-to-earnings ratio of the S&P 500 is hovering at levels not seen since 1999, and clearly, according to this measure, we are in the most expensive market in the last 40 years... 📉🥶
⚡️ Correction and range formation before surpassing $100,000, and then rapid liquidation of leveraged positions (over $450M liquidated in 1 hour yesterday). Of course, our indicators guiding us to the best entry point for Short and the rebound to Long#BTC☀ #Bitcoin!
📊 These days we are seeing the great impact of the U.S. elections on the world of cryptocurrencies, especially due to that sense of support that Trump has towards it. 🔥
⚠️ Massive inflows especially in the Blackrock ETF, pushing the price towards 73,000$ only to collapse again due to that electoral uncertainty. 💥
⛔️ Caution these days in the markets, we expect maximum volatility until the elections are over. 🔔
🕯 And finally the moment has arrived, in the next few hours we will start to see the market dance to the tune of the different forecasts and surveys that come out about the elections... one of the most important days for financial markets in years. 🔥
⚡️ Meanwhile, many news from countries, central banks, large multinationals... have just been published around the world... that are granting permission to use Bitcoin in their reserves. 🤔👀#btc
The Brit who lost millions in bitcoins by throwing away his hard drive isn't giving up: he's now suing the city council 😬
James Howells, a computer engineer who lives in the city of Newport, Wales, has been claiming for years that in 2013 he threw away a hard drive with around 8,000 bitcoins, which he had managed to mine at home shortly after the cryptocurrency came to light in 2009. At that time, before the latest price increases, this man already had a small fortune resting in a municipal landfill, but today his cryptocurrencies, if they exist, are worth more than 400 million euros. #BTC☀ $BTC
Be careful, the cycle of history repeats itself! Remember the year 2022, when #Bitcoin went from $48,200 to $16,500 in just a few weeks? Now, in 2024, many expect the value of Bitcoin to skyrocket to $150,000, but let's learn from the past. Big whales manipulate the market using mainstream media to attract optimistic investors. When profits peak, they quickly recede and leave others in the dust. Don't be a victim of their game! Act wisely. Consider securing your funds now as the price of Bitcoin is around 70k. History shows us that Bitcoin may not exceed $75,000 this year. Protect your investments, be alert! $BNB #BTC🔥🔥🔥🔥