Last night was a rollercoaster for the crypto world! šØ The FEDās announcements caused chaos, wiping out millions in leveraged trades. Over $300M in positions were liquidated within hours. Hereās what went down:
š Key FED Announcements:
Jerome Powell confirmed that the FED cannot hold Bitcoin, leaving any decision on $BTC adoption to Congress. No BTC plans for now.
The FED continues tightening the money supply, even as interest rates drop.
Powell predicts 2025 will be an economic comeback year, dodging a recession.
š Market Impact
Altcoins took a nosedive, and traders woke up to red portfolios.
High-leverage traders without stop losses saw their accounts wiped out overnight. š
š Whatās Next?
Powellās optimism for 2025 and Trumpās pro-Bitcoin stance could set the stage for a massive crypto bull run. š
For those holding steady, todayās crash might be tomorrowās golden opportunity. šŖ
This market rewards patience and belief in the future. š Ride the waves, and you could reap the rewards when the tide turns in 2025. Stay strong, and donāt let the noise shake you! š