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gmt
/usdt shows breakout from multi-year falling wedge pattern👀
Enter after breakout confirmation, and watch for targets at $0.25,, $0.45, and $1.12🎯
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🇺🇸 Trump's Pro-#Bitcoin Treasury Secretary nominee Scott Bessent: BITCOIN STRATEGIC RESERVE: "Everything is on the table with Bitcoin" ON BITCOIN: "One of the most exciting things about Bitcoin is that it brings in young people and those who have not participated in markets before" Bessent also praised Bitcoin's ability to cultivate "a market culture in the U.S." while making users believe in a "system that works for them" WORKING WITH TRUMP: "I have been excited about the president's embrace of crypto and I think it fits very well with the Republican Party, crypto is about freedom and the crypto economy is here to stay"
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🚨BREAKING: President Trump has selected CEO and Founder of Key Square Capital Management, Scott Bessent, to lead the Treasury Department. A phenomenal pick. Expect the markets to react favorably.
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NEW: long-position holders are profitable and expect further price increases, as #Bitcoin's MVRV long/short difference has risen to 21.05%.
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💵 The Fed's balance sheet has shrunk by $43.4 billion in one week! ▪️ Collins, Fed Chairman: - I think we should NOT lower the interest rate too quickly. ▪️ Cook, Chairman of the Fed : - It is advisable to continue reducing the rate to a neutral level. - But we can consider the PAUSE scenario, everything depends on macro data. ▪️ Bowman, Fed Chairman: - The Fed should take a cautious approach to rate cuts. - Inflation is a concern. ▪️ Barkin, Fed Chairman: - The United States has become more vulnerable to inflation shocks. - If inflation remains above our target, this will give reason to be more cautious in reducing the rate. ▪️ Goolsbee, Fed Chairman: - It makes sense for the Fed to slow the pace of rate cuts. ❗️Market expectations ( #FED ): - December 18: 25 bps decline to 4.25-4.50% (probability = 55.9%) - January 29, 2025: PAUSE. - March 19, 2025: PAUSE. - May 17, 2025: PAUSE.
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Binance Stablecoin Inflow Hits All-Time High of $10.2 Billion “This surge shows the increasing reliance on Binance for a range of trading activities, including buying Bitcoin and altcoins, and participating in futures markets.”
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