Last night was *wild* for the crypto world. Non-stop news from the FED caused massive panic, and many traders lost their accounts, especially those who went long with high leverage and no stop losses. Over $300 million in leveraged orders were liquidated in just the last hour! đ±
Hereâs the key news from the FED:
- **Jerome Powell** stated the FED is *not allowed* to hold Bitcoin and that any decision for the U.S. government to do so lies with Congress. No plans for Bitcoin from the FED.
- The FED will continue reducing public bonds and tightening the money supply, despite lowering interest rates.
- Powell forecasts 2025 will be a great economic year, and weâve avoided a recession.
The market panicked last night, and altcoins are in the red. Those holding crypto woke up to sad accounts this morning. đ But the real pain hit those who used leverageâif you didnât cut your losses, you mightâve lost it all! â ïž
But hey, those of you holding $ (cash) are probably just sipping water, grinning, watching the chaos unfold: âThe marketâs crashing? Eh, I still have money.â đđ”
**Bright spot:** Powellâs optimistic outlook for 2025 + Trumpâs potential presidency, a strong BTC supporter, could set the stage for massive crypto growth. đ
2025 may be the year of economic recovery, with the âTrump effectâ pushing the crypto market to new heights. So, for those who believe: todayâs bottom could be tomorrowâs top! đȘ Your patience will pay off. đ
This market rewards those who believe in the future! Get ready for the waves ahead đđ