#news_update Last night was a truly “fiery” night for the entire crypto market. The constant news from the FED made many people lose their accounts, especially those who played long positions with high leverage without setting stop losses. Leveraged orders worth $300 million were liquidated in just the last hour - a very bad number!
Key news from the Fed last night:
Fed Chairman Jerome Powell has said the Fed is “not allowed to hold Bitcoin” and that whether the U.S. government should hold Bitcoin is up to Congress to decide. But the Fed has no intention of holding any Bitcoin.
The FED will continue to reduce the amount of public bonds and tighten the money supply, even though interest rates have been lowered.
Powell predicts 2025 will be a very good economic year and we have avoided a recession.
The crypto market completely panicked and sold off last night, all altcoins are in the red. Those holding crypto probably looked at their accounts this morning and were speechless with sadness. But the hardest part is for those playing with leverage - if you don't cut your losses, you will "lose your entire account".
But hey! Those of you holding $ (cash) might casually grin, take a sip of water, look at the chaotic market: “The market is crashing? Never mind, I still have money, don’t worry!”
However, amidst last night's storm there was still a bright spot:
FED chairman believes that 2025 will be a boom year for the economy.
And most importantly, 2025 is also the year Donald Trump officially becomes President of the United States starting in January. An enthusiastic supporter of BTC, he has even repeatedly stated that the US will lead in crypto.
Believe whatever you need to believe:
The market still has a great chance of experiencing a strong uptrend next year. For those who are afraid, cutting losses to preserve $ is also a safe solution. But if you still believe in the boom of 2025 - the year of economic recovery and the "Trump effect" - then rest assured. Today's bottom will be tomorrow's top, your patience will be rewarded.
This market always rewards those who dare to believe and look forward. In conclusion, a promising year 2025 is coming, the big waves are ready, get ready to surf guys! 🌊🚀
