✅ RESULTS OF THE WEEK:

💎 Cryptocurrencies

#BTC has a week of uncertainty, the rate of the first cryptocurrency is $41,550. The next one may turn out to be either green, with a move to local maxima, or red, with an update of the loys. Alctoins are correlated with the cue ball, but due to falling dominance they are holding up well.

1️⃣ Just on Friday, spot $BTC ETFs closed the day with a green candle, for the first time since the start of trading. While BlackRock and Fifedity are accumulating the first cryptocurrency, Grayscale is faced with a large number of people wanting to exit GBTC (minus $2 billion). Grayscale was identified as the main culprit behind the BTC sell-off, and this process might not have ended yet, it’s just that the stock market was closed over the weekend ❌

2️⃣ After Bitcoin halving, the average mining cost will be $37,856, this is another reason to keep the price above $40k. Meanwhile, miners are actively dumping the first cryptocurrency in order to accumulate liquidity before halving ⛏

3️⃣ Stablecoin TUSD with a capitalization of $1.9 billion has become untied from the dollar and has not been able to recover for more than a week. The piquancy of the situation is added by the fact that it was this stablecoin that Binance was going to bet on after stopping work with BUSD 😳

🪙 Finance

1️⃣ The US Congress voted for temporary funding: the shutdown was pushed back to March. Democrats and Republicans can't agree on the 2024 budget, but neither party wants the government and government agencies to shut down. The story with temporary funding may continue until the presidential elections, because everyone is trying to score political points 🗽

2️⃣ The Central Bank of China left the medium-term rate unchanged, and leading Chinese broker Citic Securities banned short selling. China is true to itself: they do not want to use economic stimulus measures at full force, and they are fighting the fall of markets with restrictions 😇

3️⃣ The Shell oil company has stopped all supplies through the Red Sea and it is far from the only one who made such a decision. The movement of merchant ships along the Suez Canal is under threat of a complete stop.

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