#Bitcoin Dominance continues to climb to a current value of 47.6%, a YTD increase of 7.6%. This suggests a persistent rotation of capital from Altcoins to the Majors, as capital moves up the stack to the most liquid crypto assets.
FOMC with an 85% probability of raising rates by 0.25%. In the past, when the policy rate was above the 2-year rate, the Fed was supposed to take a break. As the probability is already high, it is rather the speech that will be important.
A rug pull is a scam where a cryptocurrency or NFT developer hypes a project to attract investor money, only to suddenly shut down or disappear, taking investor assets with them.🥵
« The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. » satochi nakamoto
Of course banks 🏦 and governments 🏛️ hate bitcoin! Just like the horse 🐎 industry hated cars 🚘 Just like the music 🎶 industry hated MP3📳 Just like the telecom 📞industry hated VOIP📱
Trust in (central) banks is broken. Fiat system is compromised and weaponized (cut countries off Swift, freeze accounts, kill industries). Fiat money lost money functionality.
Bitcoin is math (ECDSA+SHA256+P2P) thus doesn't need trust. Bitcoin also uses less energy than banking!
According to the largest bank in the USA 🇺🇸 JPMorgan Chase, the Fed could inject 2000 billion $ into the American banking system via its emergency loan program to stem the liquidity 💸crisis_Bloomberg! big printer arrives with cash attached to your belts there will be movement