Last night was truly a "red-hot" night for the entire crypto market. The news from the FED caused many to lose their accounts, especially those who played high-leverage long positions without setting stop-losses. $300 million in leveraged positions were liquidated in just the last hour – an incredibly shocking figure!
Important news from the FED last night:
FED Chairman Jerome Powell affirmed that the Fed "is not allowed to own Bitcoin" and whether the US government should hold Bitcoin will be decided by Congress. But the FED has no intention of holding any Bitcoin.
The FED will continue to reduce the amount of bonds and tighten the money supply, even though interest rates have fallen.
Powell predicts that 2025 will be a very good economic year and that we have avoided an economic recession.
The crypto market last night was literally in a panic sell-off, with all altcoins drowning in red. Those holding crypto must be staring at their accounts this morning feeling unspeakably sad. But the heaviest burden falls on those who played with leverage – without stop-loss, they may "end up losing their entire account."
But hey! Those of you holding $ (cash) must be smiling smugly, sipping water while watching the chaotic market: "The market is crashing? Whatever, I still have money, no worries!"
However, amidst last night's storm, there was a silver lining:
The FED chairman believes that 2025 will be a year of economic boom.
And most importantly, 2025 is also the year Donald Trump officially becomes President of the United States from January. Do you remember who Trump is? He is a strong supporter of $BTC and has even stated multiple times that the US will lead in crypto.
Believe what you need to believe:
The market still has a huge opportunity to strongly uptrend next year. Those who are afraid to cut losses to hold onto $ are also taking a safe approach. But if you still believe in the explosive potential of 2025 – the year of economic recovery and the "Trump effect" – then calmly hold onto your spot. Today's bottom will be tomorrow's peak; those who are patient will be rewarded.
This market always rewards those who dare to believe and look ahead. To sum it up: 2025 full of promise is approaching, and the big waves are already drawn; just get ready to ride, everyone! 🌊🚀