Bitcoin 65000, if you have picked short from here just close it, if it go above 65200 close it quickly , mark stoploss at breakeven its looking bullish to me.
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Larry Fink, founder of BlackRock Group, said in an interview with CNBC: I believe Bitcoin is a legitimate financial instrument that allows you to have uncorrelated type of returns, I believe that it is an instrument that you invest in when you're more frightened of. I'm a major believer that there is a role for Bitcoin in portfolios.
The official YouTube channel of the Supreme Court of India, which is used to livestream proceedings, was allegedly hacked on Friday to broadcast cryptocurrency ads and upload videos related to cryptocurrency products. The entire page has since been deleted. The Supreme Court of India has been using YouTube to livestream cases of constitutional importance to its audience .
Analysis of the impact of the Fed's 50bps rate cut on the future market
The Fed has been more aggressive than we expected. Its reaction function has completely shifted from focusing on inflation to focusing on employment. Any future unemployment rate above 4.4% is likely to trigger more rate cuts.
Most of you haven't seen the rates cut before. And now all of you are making excuse that market still isn't reacting in Bullish manners. All us already knew that the 50bps will be cut. The rates cut Pump already happen yesterday, Bitcoin pumped same as it should have pump after the news announcement. We may test 58500-59500 price range, overall sentiments are bullish mark stoploss and enjoy profit 😇❤️
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Senator Elizabeth Warren calls for 0.75% Interest Rate Cut By Fed
$9 trillion asset management company BlackRock says the Federal Reserve’s interest rate cuts will not be as deep as the market expects. BlackRock Investment Institute wrote in a note Monday that a resilient economy and inflation remaining sticky may hamper the Fed from making a steep interest rates cut. Fed Rate Cuts Will Not be as Deep as Market Expects: BlackRock BlackRock Expects Spot Bitcoin ETF Trading By Sovereign Wealth, Pension Funds JUST IN: BlackRock says the Federal Reserve's interest rate cuts will not be as deep as the market expects. The Federal Reserve will decide this week whether it will cut interest rates for the first time in four years. The US has been fighting a difficult battle with inflation since the end of the COVID-19 pandemic. That battle temporarily led to a year-long streak of interest hikes monthly. However, it is expected that the Fed will finally make its first cuts, after leaving interest rates unchanged throughout the summer.
BlackRock wrote that a reduction in interest rates of this magnitude reflects recession fears that are overdone, as well as expectations of a sustained decline in inflation which, instead, is likely to cool off only temporarily. “As the Fed readies to start cutting, markets are pricing in cuts as deep as those in past recessions. We think such expectations are overdone,” the investment institute added. It is clearly the time for the Fed to cut rates,” the senators added in the letter. “In fact, it may be too late: Your delays have threatened the economy and left the Fed behind the curve.”