šØ FED Drops a Bombshell, and Crypto Markets Bleed! š„
Last night was chaos in the crypto world! Non-stop announcements from the FED triggered massive panic, wiping out leveraged traders in the blink of an eye. Over $300M in leveraged orders were liquidated in just one hour! š±
Hereās what happened:
š Key FED Updates:
Jerome Powell clarified the FED is not allowed to hold Bitcoin. Any decision for the U.S. government to do so lies solely with Congress. Translation? No Bitcoin plans from the FED.
Despite lowering interest rates, the FED will continue tightening the money supply and reducing public bonds.
Powell predicts 2025 will be a breakout economic year with no recession in sight.
The Fallout:
Markets went into freefall. Altcoins are drenched in red, and crypto holders woke up to heartbreak. š
The worst hit? Leveraged traders with no stop losses. If you didnāt cut your losses, you mightāve lost everything. ā ļø
The Silver Lining?
š Powellās bullish 2025 outlook, paired with the potential return of Trump, a known BTC supporter, could spark a massive crypto rally.
2025 may be the year of economic recovery and a crypto renaissance. For those holding steady: todayās lows could be tomorrowās ATHs. šŖ
So, if youāre a believer in the future, this is your moment. The market rewards patience and conviction. š Get ready to ride the next big wave!
Are you holding cash or HODLing through the storm? Letās discuss! š