#News _update
The crypto world went wild last night, and it's essential to understand what happened. The Federal Reserve's announcements triggered massive panic, resulting in over $300 million in leveraged orders being liquidated in just one hour.😯
Here are the key points from the FED's announcements:
- Jerome Powell's Statement: The FED is not allowed to hold Bitcoin, and any decision for the U.S. government to do so lies with Congress.😌
- Monetary Policy: The FED will continue reducing public bonds and tightening the money supply, despite lowering interest rates.😎💸
- Economic Forecast: Powell predicts 2025 will be a great economic year, and we've avoided a recession.
The market's reaction was intense, with altcoins experiencing significant losses. However, it's worth noting that Powell's optimistic outlook for 2025, combined with Trump's potential presidency and his support for BTC, could lead to massive crypto growth., 🌟
For those who believe in the future of crypto, it's essential to be patient and prepared. As the market continues to evolve, it's crucial to stay informed and adapt to changing circumstances.🚀
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