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Thanks Jim now we know who the new President of the United States will be馃槀
Investment rule number one:
always do the opposite of what Jim Cramer says
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Ethereum saw the largest inflow via ETF yesterday surpassing the inflows of ETF on BTC This is what can happen in my opinion by looking at the ETH daily chart The price overcoming a very important price zone going to break upwards, I expecte a possible small retracement of the price until it reaches the imbalance zone inside the last displacement around $3530 / $3460 usdt. That will be the area where I'll open a long on futures ETH/USDT and/or I'll buy more ETH spot to add in my wallet mid-long term. As always, this is not financial advice - NFA do your own research - DYOR
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Congrats to the European Commission. They are doing a great job and we have to give it to them. They are working very hard to make the European Union a wasteland for crypto investors and for the companies that would like to operate on this continent. Thank you EU for protecting investors from being able to have yeld on USDC Europe is cutting itseld off from a market that is already expanding and will be increansingly expanding for the next few years. Countries like USA are planning a Bitcoin reserve and want to make the United States the world capital for crypto. While Europe is trying in every way to regulate negatively a world that needs incentives and not bureaucratic limits among other nonsensical things. The only sense is to imit the adoption of crypto and not want companies in this sector on their own soil. Europe will always live in the past and will be left behind on all economic and technological developments if it continues like this.
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This makes us understand how important, influential and manipulative the government of the United States is in the world. For worse and for worse. Now that Trump has won the elections and has spoken to Zelensky strangely the wills and principles of the Ukrainian president are changing. Now he is willing to cede territories in order to end the war. Just as Trump has always argued that it should be done. What does this have to do with crypto markets? There is only one principle to do with it that all investors and traders should know: Regardless of which country you come from, you must always know what happens within the United States and what relationships they have with other countries. Because the American financial market is the most liquid market it is the market where the most capital moves, it is the market that dominates all the other markets, it is the market that all investors look at and move accordingly. And the crypto? If you hadn't noticed Trump is putting together a government full of pro-Bitcoin politicians. The future of crypto has always been in the USA and from January it will be even more so.
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Trump is creating a task force for the new American government where all components are in favor of Bitcoin and crypto. News like this is positive in the long term for the crypto market. However, this does not mean that it will be reflected on the price in the coming years, because the price is determined by liquidity on the market and not by news. When the price of an asset moves on the basis of the news it is called FOMO, where you will then only see a manipulation of the price to reach important liquidity areas, nothing more and nothing less. This means that Bitcoin will follow its cycle like any market. He will have his bullrun period as he will have his bear market period again even with a government extremely in favor. So what will change? It will change the way we see Bitcoin and crypto. It will change the legislation on this. It will change the adoption that will be greater The political and legislative wars against crypto will change. The world will be more unbalanced to protect Bitcoin than to fight it as they have done in recent years.
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Bitcoin will hit 100k today? 馃憖
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