The past nights have been more violent than ever for the crypto world, as sudden news from the Federal Reserve caused panic among traders. Many traders lost their accounts, especially those who used leverage without a stop loss strategy. Over $300 million in leveraged orders were liquidated in just one hour! 😱💸
Here are the key points made by the Federal Reserve:
Jerome Powell confirmed that the Federal Reserve does not have the authority to own Bitcoin, and that any decision on this issue must be issued by Congress. 🚫💻 The Federal Reserve has no plans to buy Bitcoin.
The Federal Reserve will continue to reduce public bonds and further reduce the money supply, despite the decline in interest rates. 📉💵
Powell indicated that 2025 will be a great economic year, stressing that we have avoided the expected recession. 🚀📅
The market panicked after the comments, and alternatives were falling sharply into the red. Many investors woke up to empty accounts today, with their asset values plummeting. 😞⚠️💔
But the biggest shock was for those who used leverage, as they were in danger of losing everything if they did not take action to stop losses in time ⚡💥
Bright side:
But it's not all doom and gloom! The cash holders are still doing just fine, sitting quietly and drinking their drinks as they watch the chaos sweep the market. "Market crashing? No problem, I have cash" 💵
The coming optimism:
Powell’s optimistic outlook for 2025, coupled with the potential return of Trump, a prominent Bitcoin supporter, to the presidency, could open the door to new opportunities for massive growth in the cryptocurrency market. 🇺🇸
If 2025 sees an economic recovery, Trump’s potential market impact could boost crypto gains to new heights. 🔥📈 So, for those who believe in the future: The bottom today could be the top tomorrow.
