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VOTE AND EARN 5 DOLLARS ๐ธ๐ Kamala Harris front gave green light: First statement on crypto The first sign of crypto came from the Kamala Harris front. The campaign's policy adviser, Brian Nelson, said Harris would support measures to help the crypto industry grow. Kamala Harris' policy adviser has announced that the presidential candidate will support measures to help the cryptocurrency sector grow. Asked about Harris' attempts to engage with the crypto community, Brian Nelson, the campaign's senior policy advisor, said, โIt will support policies that will ensure emerging technologies and such industries continue to grow.โ According to Bloomberg, Nelson talked about their meetings with industry representatives in the continuation of his words. โThey said it was one of the issues they needed to be consistent with the rules,โ Nelson said, pointing to Harris' speech last week, which laid out the essentials of economic policy. In his speech, Harris promised that he would focus on reducing unnecessary bureaucracy and unnecessary bureauctratic regulations when not specifically mentioning cryptocurrencies, and promoting innovative technologies while protecting consumers. Harris' rival, Donald Trump, fully embraced cryptocurrencies. When Trump takes office, he said he would loosen his crypto regulations, fire SEC chairman Gary Gensler, and make the U.S. a โBitcoin superpower.โ On the other hand, crypto companies have created $250 million in funds to support pro-crypto policying names. So far, $119 million has been spent. Crypto companies' spending is reportedly in second place among election spending. #Laraxenteam #laraxen #LaraxenFamily
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VOTE AND EARN 5 DOLLARS ๐๐ธ How does the biggest employment revision in 15 years affect the Fed? The employment revision, which the markets are eagerly waiting for, was announced today with a delay of half an hour. Estimates by Goldman Sachs and Wells Fargo, the leading banking institutions of the USA, said that the downward revision would be between 600 thousand and 1 million. The Ministry of Labor reported this figure as 818 thousand. Accordingly, it turned out that 818 thousand fewer jobs were created than previously announced during the 12-month period until March 2024. Thus, this was the largest downward revision since 2009. The latest data showed that the labor market was not as strong as the Bureau of Labor Statistics, which is affiliated with the Ministry of Labor, announced. Thus, it put more pressure on the Fed to lower interest rates. โInvestors should expect the Fed to prepare the markets for a rate cut in September,โ said Jeffrey Roach, chief economist at LPL Financial. Navy Federal Credit Union corporate economist Robert Frick commented, โRevisions are not shocking, but this puts additional pressure for the Fed to lower interest rates.โ With today's data, positions that the Fed will lower interest rates next month have increased. Investors expect interest rates to be reduced by 25 basis points next month. On the other hand, the probability of a discount of 50 basis points has also increased. Markets started to price the probability of this scenario at 30 percent. Eyes are now turned to Fed chairman Jerome Powell's speech at Jackson Hole on Friday. #laraxen #Laraxenteam #LaraxenFamily
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VOTE AND EARN 5 DOLLARS ๐๐ธ "Revision" volatility in Bitcoin: Expected statement delayed Bitcoin and the markets are volatile with the delay of the employment figure revision to be announced today in the USA. This situation caused significant activity in the markets. Bitcoin first rose above 60 thousand dollars and then fell below 59 thousand 200 dollars. Wall Street analysts, on the other hand, say that this expected downward revision could go up to 1 million. Banking giants Goldman Sachs and Wells Fargo expect the U.S. economy to be announced creating 600 thousand to 1 million fewer jobs in the 12-month period dating back to the end of March. On the other hand, JPMorgan economists estimate that this figure will be around 360 thousand. If the figure is announced above 501 thousand, this will be the biggest revision of employment data in the last 15 years. A major overhaul could fuel concerns that the Fed has not cut interest rates in a timely manner.
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DEAR FOLLOWERS, WE HAVE ENTERED THE LAST 8 DAYS AT THE EVENT. โผ๏ธ REGULAR VOTERS EVERY DAY WILL RECEIVE A REWARD WORTH $5 FOR EVERY DAY WHEN THE EVENT ENDS. ๐๐ I WILL DISTRIBUTE THE EARNINGS I MADE WITH NMR TO MY 5 FOLLOWERS AS $80. ๐ฐ VOTE FOR ME WIN YOU ๐ธ THANK YOU FOR YOUR SUPPORT. ๐ฅณ #Laraxenteam #LaraxenFamily #laraxen $NMR
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Jamie Coutts: The groundwork for the 2021 altcoin boom is being re-established VOTE AND EARN DOLLARS ๐ธ๐ Jamie Coutts, former Bloomberg analyst, said global liquidity is starting to rise and the current situation in terms of altcoins is similar to late 2020. Real Vision analyst Jamie Coutts claimed that altcoins may be close to repeating the explosive rises seen in 2020 and 2021. Coutts, who is also a former analyst at Bloomberg, bases this forecast on a metric where the performance of the top 200 cryptocurrencies compares to the total market cap. The latest state of the metric was similar to the late 2020, when Bitcoin surpassed the rest of the market for months in terms of performance, while at the same time global liquidity increased. According to Coutts, this is a sign of upside for altcoins. A Real Vision analyst said, โI've shared this chart before. The chart shows the equal weighted index (EQW) of the largest 200 cryptocurrencies and its ratio to market cap.The crazy altcoin rally in 2020 and 2021 took place after a serious bad trend. The situation is similar these days, when we see that global liquidity has started to increase," he said. Coutts stressed that Bitcoin lags behind the global M2 currency supply, which gained momentum upward after a long hiatus. #Laraxenteam #laraxen #LaraxenFamily $BTC
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