Over the last couple of days, Trump and his wife Melania made big news by starting to issue their own Meme coins, causing a stir throughout the crypto community. Trump could be called the king of hype, as his every move can cause huge market fluctuations. But this Meme coin launch made me frown: Is this the future of cryptocurrencies, or just a speculator's carnival?
Trump issuing a Meme coin feels like orchestrating a viral marketing campaign, using his power and influence to make it explosive
Bitcoin ( $BTC ) back testing the break out and that previous 100K range high. I'm hoping its upwards and onwards from here, but be ⚠️ cautious as we wait for Trump's new #Crypto bill and potential sell the news volatility.
The best asset class in H2 this year wasn't AI. It wasn't Bitcoin. It wasn't a single asset like Nvidia. It wasn't even the goliath Microstrategy. It was Quantum Computing.
#MarketNewHype Shares of MicroStrategy rose 6% in premarket trading Monday, as the software company and bitcoin buyer were set to join the tech-heavy Nasdaq 100 index that could further bolster a rally in the stock. The $25.7 trillion index that houses the largest non-financial companies will now gain indirect exposure to bitcoin through MicroStrategy, which holds $44 billion of the digital currency on its balance sheet, or about 2% of the total supply of the world's largest cryptocurrency.
#Bitcoin rose to a record high on Monday as investors looked to the prospect of a Strategic Reserve under incoming President Donald Trump, while MicroStrategy’s addition to the Nasdaq 100 also spurred optimism. The world’s biggest cryptocurrency reversed a weekend rout and pushed further above the $100,000 level, after Trump once again floated the idea of a Bitcoin reserve. Sentiment was also boosted by MicroStrategy Incorporated (NASDAQ:MSTR) being added to the Nasdaq 100 index- a move that c
JUST IN: 🇺🇸 US Senator Cynthia Lummis meets with the future Treasury Secretary and says he'll be "a crucial ally in passing my Strategic Bitcoin Reserve" bill.
Fed liquidity is set to drop over the coming weeks
Fed liquidity is set to drop over the coming weeks - so what does this mean? Net Federal Reserve Liquidity rose by roughly $110bn over the past seven days. But this is probably about as good as it's going to get as we head into the end of Q4. This is because we can anticipate a seasonal Fed liquidity crunch over the next 2.5 weeks.
The Treasury General Account balance will rise (liquidity drain) next week, due in part to quarterly estimated tax payments. Then, at some point next week, Reverse