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Be on the right side of history... It won't be a good legacy... what else can paperman Powell, retired very soon, fight anymore š¤£? ...pissed of you/me for yrs there...š¤·āāļø
Trump will not legalize crypto, Take a screenshot of my post. Now I am going to give you reasons why Trump administration will not legalize crypto.Ā
1. No central authority: Crypto or Blockchain technology is decentralized and government authorities and banks can't make surveillance on transactions because of its structure, so no government, even Trump, will allow people to use that kind of system everywhere which is opposite to government-based banking system.
2. No Banking: Banks are the most powerful mafia of the world which earn money from holding people's money, investing money, printing money, even charge transaction fees, ATM card fees. Banks are money-making machines of government and capitalists, so they will not legalize blockchain which can hit the banking system very hard.
3. New currencies: If they will legalize crypto, everyone will create new altcoins and use it for payment and it will start a new kind of problem. For example, New York will have its own coin, Texas has its own, Moscow has its own altcoin, London has its own, and without any central authority, it will be a huge mess.
So do not trust on government propaganda which they are saying that crypto is going to legalize, it is not going to happen. Take a screenshot of my post. So do not invest in Crypto blindly, eat some fresh food, spend some time in the park, watch a movie, enjoy life. Stay awake, stay safe.
#USJoblessClaimsFall #MarketCorrectionBuyOrHODL? #BinanceAlphaAlert #FullMarketBullRun $BTC $ETH $XRP
1. No central authority: Crypto or Blockchain technology is decentralized and government authorities and banks can't make surveillance on transactions because of its structure, so no government, even Trump, will allow people to use that kind of system everywhere which is opposite to government-based banking system.
2. No Banking: Banks are the most powerful mafia of the world which earn money from holding people's money, investing money, printing money, even charge transaction fees, ATM card fees. Banks are money-making machines of government and capitalists, so they will not legalize blockchain which can hit the banking system very hard.
3. New currencies: If they will legalize crypto, everyone will create new altcoins and use it for payment and it will start a new kind of problem. For example, New York will have its own coin, Texas has its own, Moscow has its own altcoin, London has its own, and without any central authority, it will be a huge mess.
So do not trust on government propaganda which they are saying that crypto is going to legalize, it is not going to happen. Take a screenshot of my post. So do not invest in Crypto blindly, eat some fresh food, spend some time in the park, watch a movie, enjoy life. Stay awake, stay safe.
#USJoblessClaimsFall #MarketCorrectionBuyOrHODL? #BinanceAlphaAlert #FullMarketBullRun $BTC $ETH $XRP
Be on the right side of history... It won't be a good legacy... what else can paperman Powell, retired very soon, fight anymore š¤£? ...pissed of you/me for yrs there...š¤·āāļø
Hello there,
Many of you have woken up to see red everywhere, and your portfolios looking a bit sad. But do not fear, as this is just the third part of a strategy used by whales, called the wyckoff. Basically, the market dips once, dips twice, and then three times. This weeds out the scared people, and the ones not willing to take losses, providing liquidity for the whales to buy massive amounts of tokens. So everyone, DO NOT SELL, buy more or hodl, and just wait for the rise.
As always, do your own research, only invest what you can afford to lose, and stay safe.
#MarketCorrectionBuyOrHODL
Many of you have woken up to see red everywhere, and your portfolios looking a bit sad. But do not fear, as this is just the third part of a strategy used by whales, called the wyckoff. Basically, the market dips once, dips twice, and then three times. This weeds out the scared people, and the ones not willing to take losses, providing liquidity for the whales to buy massive amounts of tokens. So everyone, DO NOT SELL, buy more or hodl, and just wait for the rise.
As always, do your own research, only invest what you can afford to lose, and stay safe.
#MarketCorrectionBuyOrHODL
Yes, Be on the right side of history. It won't be a good legacy... what else can paperman Powell, retired very soon, fight anymore š¤£? ...pissed of you/me for yrs there...š¤·āāļø
Exactly what we planned for.
Market dumped after #FOMC . Perfect.
This is where real traders start accumulating.
While others panic, you should be:
-Building positions
-Averaging in
-Following your strategy
Buy fear, sell euphoria. Always works.
Market dumped after #FOMC . Perfect.
This is where real traders start accumulating.
While others panic, you should be:
-Building positions
-Averaging in
-Following your strategy
Buy fear, sell euphoria. Always works.
Be on the right side of history. It won't be a good legacy... what else can paperman Powell, retired very soon, fight anymore š¤£? ...pissed of you/me for yrs there...š¤·āāļø
Crypto De Nostradame
--
Bullish
Bitcoin is losing blood: What awaits the crypto market?
Bitcoin, which fell after Fed Chairman Jerome Powell's press conference, caused a large amount of money to exit the crypto market.
Despite the Fed's interest rate cuts, the #Bitcoin ($BTC ) price fell to $98,500 due to Powell's hawkish statements. With BTC losing nearly 6 percent, it was seen that many altcoins fell to potential support levels.
According to Coinglass data, $750 million was deleted from the crypto market after this sudden loss of value. Mainly long (bullish) positions were liquidated. Crypto analyst Michael van de Poppe stated that BTC's rise may have ended.
Addressing his followers via X, Poppe suggested that BTC could fall to $92,000. According to the analyst, although BTC entered the consolidation phase, it created a potential bearish divergence.
Poppe, who stated that the declines did not cause anxiety, said that the next stage was to accumulate altcoins at appropriate levels.
Rekt Capital, on the other hand, stated that BTC's bounce from the $ 98,500 support was not enough. According to Rekt, the declines will continue as long as the BTC price cannot hold above $ 100,000.
"Losing $ 100,000 could create significant selling pressure that forces the market to decline."
Addressing his followers in the morning hours, Mikybull Crypto gave the signal of the altcoin bull. The analyst predicted that the last corrections before the altcoin bull had taken place and that major increases would begin soon.
Mikybull used the following statements: "You better get ready for the upcoming altcoin season. It will be huge!"
According to CoinGecko data, the total value of the crypto market decreased by 4.9 percent in the last 24 hours and fell to $ 3.688 billion. While $BTC dominance increased to 55 percent, $ETH dominance decreased to 12 percent.
#BinanceAlphaAlert #PENGUOpening #FullMarketBullRun
Bitcoin, which fell after Fed Chairman Jerome Powell's press conference, caused a large amount of money to exit the crypto market.
Despite the Fed's interest rate cuts, the #Bitcoin ($BTC ) price fell to $98,500 due to Powell's hawkish statements. With BTC losing nearly 6 percent, it was seen that many altcoins fell to potential support levels.
According to Coinglass data, $750 million was deleted from the crypto market after this sudden loss of value. Mainly long (bullish) positions were liquidated. Crypto analyst Michael van de Poppe stated that BTC's rise may have ended.
Addressing his followers via X, Poppe suggested that BTC could fall to $92,000. According to the analyst, although BTC entered the consolidation phase, it created a potential bearish divergence.
Poppe, who stated that the declines did not cause anxiety, said that the next stage was to accumulate altcoins at appropriate levels.
Rekt Capital, on the other hand, stated that BTC's bounce from the $ 98,500 support was not enough. According to Rekt, the declines will continue as long as the BTC price cannot hold above $ 100,000.
"Losing $ 100,000 could create significant selling pressure that forces the market to decline."
Addressing his followers in the morning hours, Mikybull Crypto gave the signal of the altcoin bull. The analyst predicted that the last corrections before the altcoin bull had taken place and that major increases would begin soon.
Mikybull used the following statements: "You better get ready for the upcoming altcoin season. It will be huge!"
According to CoinGecko data, the total value of the crypto market decreased by 4.9 percent in the last 24 hours and fell to $ 3.688 billion. While $BTC dominance increased to 55 percent, $ETH dominance decreased to 12 percent.
#BinanceAlphaAlert #PENGUOpening #FullMarketBullRun
Be on the right side of history. It won't be a good legacy... what else can paperman Powell, retired very soon, fight anymore š¤£? ...pissed of you/me for yrs there...š¤·āāļø
Federal Reserve Chair Jerome Powell has said the central bank does not intend to be involved in any government effort to stockpile and create a Bitcoin strategic reserve.
Powell said the Federal Reserve is not allowed to own Bitcoin and is not looking to change that.
Powell said the Federal Reserve is not allowed to own Bitcoin and is not looking to change that.
As the market corrects, the age-old question resurfaces: should you buy the dip or hold your current position? ...Paperman powell buys.
šØ Powell Strikes Again: Bitcoin Feels the Heat! š„
The global financial landscape just took a sharp turn, and hereās whatās making waves:
šŗšø Fed Chairman Jerome Powell delivered bold statements:
1ļøā£ Bitcoin Rejected as a Reserve: The Fed is not considering BTC as an official assetāat least for now.
2ļøā£ Interest Rate Cuts Delayed: Only two cuts planned in 2025, crushing hopes for three.
3ļøā£ Inflation Sticks Around: Powell warns it might take 2 years to hit the 2% target, with potential for a new surge in 2025.
š Market Fallout:
Bitcoin tumbles, breaking critical support as risk aversion sets in.
Traditional markets, including the S&P 500, reel from Powellās cautious tone.
The broader crypto market saw sell-offs, disappointing those betting on an aggressive pivot.
š” Opportunity or Red Flag?
Powellās hawkish stance is forcing the market to recalibrate. Is this just a Bitcoin blip or the start of a deeper trend?
š„ Your Move:
With the inflation hedge narrative under scrutiny and volatility at its peak, savvy investors knowāopportunities often hide in moments of uncertainty.
š Stay ahead, trade smart on Binance!
Let us know: Is this the time to buy the dip or brace for more shocks? Drop your thoughts below! š
#BinanceAlpha #BinanceAirdropsCATandPENGU #FullMarketBullRun #PENGUOpening #BinanceAlphaTop5
The global financial landscape just took a sharp turn, and hereās whatās making waves:
šŗšø Fed Chairman Jerome Powell delivered bold statements:
1ļøā£ Bitcoin Rejected as a Reserve: The Fed is not considering BTC as an official assetāat least for now.
2ļøā£ Interest Rate Cuts Delayed: Only two cuts planned in 2025, crushing hopes for three.
3ļøā£ Inflation Sticks Around: Powell warns it might take 2 years to hit the 2% target, with potential for a new surge in 2025.
š Market Fallout:
Bitcoin tumbles, breaking critical support as risk aversion sets in.
Traditional markets, including the S&P 500, reel from Powellās cautious tone.
The broader crypto market saw sell-offs, disappointing those betting on an aggressive pivot.
š” Opportunity or Red Flag?
Powellās hawkish stance is forcing the market to recalibrate. Is this just a Bitcoin blip or the start of a deeper trend?
š„ Your Move:
With the inflation hedge narrative under scrutiny and volatility at its peak, savvy investors knowāopportunities often hide in moments of uncertainty.
š Stay ahead, trade smart on Binance!
Let us know: Is this the time to buy the dip or brace for more shocks? Drop your thoughts below! š
#BinanceAlpha #BinanceAirdropsCATandPENGU #FullMarketBullRun #PENGUOpening #BinanceAlphaTop5
Be on the right side of history. Imagine being on the wrong side in history for a better form of money that helps billions. It won't be a good legacy.
...what else to fight Powell
...what else to fight Powell
VIKAS JANGRA
--
šØBitcoin and Crypto market dump reasonšØ
šŗšø POWELL: "We're not allowed to own Bitcoin ... we are not looking for a law change."š
šŗšø POWELL: "We're not allowed to own Bitcoin ... we are not looking for a law change."š
Be on the right side of history. Imagine being on the wrong side in history for a better form of money that helps billions. It won't be a good legacy.
...what else to fight Powell
...what else to fight Powell
FED CHAIR: "Fed is not allowed to own Bitcoin"
However, America aims to make 5% of total supply of $BTC be a reserve of America.
However, America aims to make 5% of total supply of $BTC be a reserve of America.
Be on the right side of history. Imagine being on the wrong side in history for a better form of money that helps billions. It won't be a good legacy.
...what else to fight Powell
...what else to fight Powell
Guys what the hell happened to this market ???
why every thing is going down and down??
and what the shit is bull run? and when happened ?
why every thing is going down and down??
and what the shit is bull run? and when happened ?
Be on the right side of history. Imagine being on the wrong side in history for a better form of money that helps billions. It won't be a good legacy.
...what else to fight Powell
...what else to fight Powell
Federal Reserve cannot hold Bitcoin
Jerome Powell, the Fed Chair, said the Federal Reserve cannot hold Bitcoin because it is against the rules. He said Congress, not the Fed, must decide about a U.S. Bitcoin reserve.
Some lawmakers, like Senator Cynthia Lummis and President-elect Donald Trump, support the idea of the U.S. holding $BTC . Lummis even suggested the U.S. Treasury buy one million Bitcoin over five years. Trump said the U.S. should not fall behind other countries like China in crypto.
After Powellās comments, $BTC price dropped by 5.7% to $100,300. Other cryptos like Ethereum, Binance Coin, and Solana also fell. The stock market reacted too, with the S&P 500 dropping 1.55% and the Nasdaq 100 falling 2%.
Powell made it clear the Fed is not interested in Bitcoin, and his words caused uncertainty for investors.
$BTC
#MarketPullback #Fed25bpRateCut #BTCNewATH
Some lawmakers, like Senator Cynthia Lummis and President-elect Donald Trump, support the idea of the U.S. holding $BTC . Lummis even suggested the U.S. Treasury buy one million Bitcoin over five years. Trump said the U.S. should not fall behind other countries like China in crypto.
After Powellās comments, $BTC price dropped by 5.7% to $100,300. Other cryptos like Ethereum, Binance Coin, and Solana also fell. The stock market reacted too, with the S&P 500 dropping 1.55% and the Nasdaq 100 falling 2%.
Powell made it clear the Fed is not interested in Bitcoin, and his words caused uncertainty for investors.
$BTC
#MarketPullback #Fed25bpRateCut #BTCNewATH
Be on the right side of history. Imagine being on the wrong side in history for a better form of money that helps billions. It won't be a good legacy.
...what else to fight Powell
...what else to fight Powell
Powellās Shocking Speech Sparks Market Bloodbath, Cryptocurrencies Remain Stable
The S&P 500 suffered its sharpest single-day decline since early 2020, shedding a staggering $1.8 trillion in market capitalization. This market turmoil came in the wake of Federal Reserve Chair Jerome Powellās remarks, signaling a prolonged hawkish monetary policy. For traditional markets, the day marked a true bloodbath, and hopes for a āSanta Claus rallyā have been all but dashed.
Markets in Turmoil: Why the Extreme Reaction?
Powellās comments suggested an extended period of high interest rates, triggering a wave of sell-offs in equity markets. Expectations for near-term rate cuts were harshly reevaluated, leaving investors grappling with the potential for prolonged economic pressure.
S&P 500: Recorded its largest single-day drop in almost four years.NASDAQ and Dow Jones: Also suffered significant losses.Bond Markets: Yields surged, adding further pressure to the tech sector.
š Cryptocurrencies: A Surprising Beacon of Stability
While traditional markets were caught in a downward spiral, the cryptocurrency sector demonstrated remarkable resilience. Bitcoin maintained its price range, and altcoins remained relatively unaffected. This stability may indicate a growing perception of cryptocurrencies as a āsafe havenā during periods of market turbulence.
Bitcoin (BTC): Held steady, showing less sensitivity to Fed decisions.Ethereum (ETH): Mirrored Bitcoinās resilience, avoiding major losses.Stablecoins: Increased demand suggests that investors are preserving capital within the crypto ecosystem.
š Geopolitics, Policy, and Hope for Crypto Advocates
Speculation is mounting about political figures, such as Donald Trump, stepping into the debate over Powellās monetary policy. Trump, known for his pro-crypto stance, could shift the narrative toward digital assets as a viable alternative in a turbulent economic landscape. His influence might reignite optimism among crypto investors, making this factor potentially more significant than the Fed's temporary hawkishness.
Itās important not to succumb to fear. While traditional markets react sharply to Powellās comments, some analysts view the situation as a potential manipulative shakeout, designed to reset market dynamics. Cryptocurrenciesā resilience during this period could underline their growing independence from traditional financial pressures.
š What to Expect Next?
Increased Volatility: Expect heightened fluctuations across traditional and crypto assets.Fedās Next Moves: Upcoming meetings and macroeconomic data will be pivotal.Focus on Cryptoās Role: Political discussions and Trumpās influence may provide a tailwind for digital asset adoption.
Conclusion
Powellās hawkish stance serves as a stark reminder of the Federal Reserveās influence on market dynamics. While traditional markets reel, cryptocurrencies have showcased resilience, potentially signaling a growing interest in this asset class during uncertain times. With pro-crypto voices like Trump entering the conversation, the long-term outlook for digital assets could be brighter than ever.
Help me reach my first 1k followers! ā
Follow for more crypto insights, altcoin tips, and blockchain trends!
$DOT $NEAR $DOGE
#powell #altcoins #crypto
Markets in Turmoil: Why the Extreme Reaction?
Powellās comments suggested an extended period of high interest rates, triggering a wave of sell-offs in equity markets. Expectations for near-term rate cuts were harshly reevaluated, leaving investors grappling with the potential for prolonged economic pressure.
S&P 500: Recorded its largest single-day drop in almost four years.NASDAQ and Dow Jones: Also suffered significant losses.Bond Markets: Yields surged, adding further pressure to the tech sector.
š Cryptocurrencies: A Surprising Beacon of Stability
While traditional markets were caught in a downward spiral, the cryptocurrency sector demonstrated remarkable resilience. Bitcoin maintained its price range, and altcoins remained relatively unaffected. This stability may indicate a growing perception of cryptocurrencies as a āsafe havenā during periods of market turbulence.
Bitcoin (BTC): Held steady, showing less sensitivity to Fed decisions.Ethereum (ETH): Mirrored Bitcoinās resilience, avoiding major losses.Stablecoins: Increased demand suggests that investors are preserving capital within the crypto ecosystem.
š Geopolitics, Policy, and Hope for Crypto Advocates
Speculation is mounting about political figures, such as Donald Trump, stepping into the debate over Powellās monetary policy. Trump, known for his pro-crypto stance, could shift the narrative toward digital assets as a viable alternative in a turbulent economic landscape. His influence might reignite optimism among crypto investors, making this factor potentially more significant than the Fed's temporary hawkishness.
Itās important not to succumb to fear. While traditional markets react sharply to Powellās comments, some analysts view the situation as a potential manipulative shakeout, designed to reset market dynamics. Cryptocurrenciesā resilience during this period could underline their growing independence from traditional financial pressures.
š What to Expect Next?
Increased Volatility: Expect heightened fluctuations across traditional and crypto assets.Fedās Next Moves: Upcoming meetings and macroeconomic data will be pivotal.Focus on Cryptoās Role: Political discussions and Trumpās influence may provide a tailwind for digital asset adoption.
Conclusion
Powellās hawkish stance serves as a stark reminder of the Federal Reserveās influence on market dynamics. While traditional markets reel, cryptocurrencies have showcased resilience, potentially signaling a growing interest in this asset class during uncertain times. With pro-crypto voices like Trump entering the conversation, the long-term outlook for digital assets could be brighter than ever.
Help me reach my first 1k followers! ā
Follow for more crypto insights, altcoin tips, and blockchain trends!
$DOT $NEAR $DOGE
#powell #altcoins #crypto
Be on the right side of history. Imagine being on the wrong side in history for a better form of money that helps billions. It won't be a good legacy.
...what else to fight Powell
...what else to fight Powell
šŗšø Federal Reserve Chair Jerome Powell states, "We're not allowed to own Bitcoin."
āāāāāāāā
#BTCNewATHAgain #MarketPullback #Fed25bpRateCut #BTCNewATH #BinanceAlphaTop5 $BTC $XRP $ETH
āāāāāāāā
#BTCNewATHAgain #MarketPullback #Fed25bpRateCut #BTCNewATH #BinanceAlphaTop5 $BTC $XRP $ETH
Be on the right side of history. Imagine being on the wrong side in history for a better form of money that helps billions. It won't be a good legacy.
...what else to fight Powell
...what else to fight Powell
$BTC It's over
#bearstime
#bearstime
Be on the right side of history. Imagine being on the wrong side in history for a better form of money that helps billions. It won't be a good legacy.
...what else to fight Powell
...what else to fight Powell
Jerome Powell confirmed on Wednesday that the U.S. central bank has no intention of engaging in any government initiative to hold significant amounts of bitcoin. Powell clarified that the Federal Reserve is not authorized to hold bitcoin. He further emphasized that the legal complexities surrounding bitcoin ownership are matters for Congress to deliberate.
Now the question is: is any of this information new to you?
Bitcoin is not yet an official reserve of the U.S. and it is not up to the central bank to legislate on this.
Beware of hype and seize opportunities.
Now the question is: is any of this information new to you?
Bitcoin is not yet an official reserve of the U.S. and it is not up to the central bank to legislate on this.
Beware of hype and seize opportunities.
Be on the right side of history. Imagine being on the wrong side in history for a better form of money that helps billions. It won't be a good legacy.
...what else to fight Powell
...what else to fight Powell
Powellās Speech Triggers Market Turmoil, Crypto Defies the Storm
In a dramatic turn of events, the
Powellās Speech Triggers Market Turmoil, Crypto Defies the Storm
In a dramatic turn of events, the S&P 500 experienced its steepest single-day drop since early 2020, wiping out a staggering $1.8 trillion in market value. This sell-off was triggered by Federal Reserve Chair Jerome Powell's recent comments, which shattered investor hopes for a year-end recovery. With the Fed signaling a firm stance on interest rates, the dream of a āSanta Clausā rally now seems out of reach, leaving market sentiment on edge.
Despite the chaos in traditional markets, the cryptocurrency sector has demonstrated remarkable stability. Digital assets, often considered highly volatile, have maintained steady levels even as global markets face intense selling pressure. This divergence highlights crypto's evolving role in a turbulent financial landscape.
As uncertainty grips the markets, traders and investors are left speculating on the long-term implications of Powellās tone. The possibility of prolonged economic strain has led to whispers of political figures, including former President Donald Trump, stepping into the spotlight to challenge the Fed's current approach to monetary policy.
With volatility expected to remain high across asset classes, market participants are bracing for further turbulence. All eyes are now on upcoming economic updates and political reactions, as Powellās speech has set the stage for heightened drama in the financial world.
#FederalReserve #InterestRates #CryptoMarket #EconomicOutlook
In a dramatic turn of events, the S&P 500 experienced its steepest single-day drop since early 2020, wiping out a staggering $1.8 trillion in market value. This sell-off was triggered by Federal Reserve Chair Jerome Powell's recent comments, which shattered investor hopes for a year-end recovery. With the Fed signaling a firm stance on interest rates, the dream of a āSanta Clausā rally now seems out of reach, leaving market sentiment on edge.
Despite the chaos in traditional markets, the cryptocurrency sector has demonstrated remarkable stability. Digital assets, often considered highly volatile, have maintained steady levels even as global markets face intense selling pressure. This divergence highlights crypto's evolving role in a turbulent financial landscape.
As uncertainty grips the markets, traders and investors are left speculating on the long-term implications of Powellās tone. The possibility of prolonged economic strain has led to whispers of political figures, including former President Donald Trump, stepping into the spotlight to challenge the Fed's current approach to monetary policy.
With volatility expected to remain high across asset classes, market participants are bracing for further turbulence. All eyes are now on upcoming economic updates and political reactions, as Powellās speech has set the stage for heightened drama in the financial world.
#FederalReserve #InterestRates #CryptoMarket #EconomicOutlook
Be on the right side of history. Imagine being on the wrong side in history for a better form of money that helps billions. It won't be a good legacy.
...what else to fight Powell
...what else to fight Powell
šØPowellās Hawkish Tone Triggers Market Mayhem, Crypto Stands Firm
šØ
In a dramatic turn, the S&P 500 suffered its steepest drop since early 2020, shedding $1.8 trillion in value after Federal Reserve Chair Powell's firm stance on interest rates. This sharp decline has dashed hopes for a year-end rally, leaving investors grappling with uncertainty.
Amid the chaos, the crypto market remains unexpectedly stable, showing resilience despite the turmoil in traditional assets. The prospect of a āSanta Clausā rally now seems distant, with economic pressure expected to linger well into 2024.
Adding another layer to the story, speculation swirls that political leaders, including Trump, may soon weigh in, potentially adding to the volatility. For now, traders face a landscape of heightened risk and fragile sentiment across markets.
#FederalReserve #CryptoResilience #MarketVolatility #Trump
Amid the chaos, the crypto market remains unexpectedly stable, showing resilience despite the turmoil in traditional assets. The prospect of a āSanta Clausā rally now seems distant, with economic pressure expected to linger well into 2024.
Adding another layer to the story, speculation swirls that political leaders, including Trump, may soon weigh in, potentially adding to the volatility. For now, traders face a landscape of heightened risk and fragile sentiment across markets.
#FederalReserve #CryptoResilience #MarketVolatility #Trump
to powell, unnessecary. Be on the right side of history. Imagine being on the wrong side in history for a better form of money that helps billions. It won't be a good legacy.
Bitcoinik
--
Bad News for Bitcoin! El Salvador Decides to Limit the Use of Bitcoin At Government Level
A very shocking news coming for the Bitcoin sector because of a deal between Bitcoin bull country El Salvador & Bitcoin hater IMF.
The International Monetary Fund (IMF) is an international financial institution. This institution provides financial assistance and policy advice to member countries to help them to fight against payment problems, typically due to economic instability, high inflation, or unsustainable debt levels. Also, the IMF provides loans to countries in need of financial support to stabilize their economies but with certain conditions, for example, restructuring the countryās economy.
On 18 Dec 2024, The IMF body published the latest details about a loan deal with Central American country El Salvador.As per the deal conditions, El Salvador limits its involvement in the countryās national digital Bitcoin wallet, āChivoā, and also leaves the Bitcoin-related development focus on public sector engagement. That means Bitcoin-related economic activity will remain highly confined to crypto-focused businesses instead of the government authorities.By following the deal precisely, El Salvador will get $1.4 billion from the IMF over the next 40 months.
The IMF and the EL Salvador government have reached a staff-level agreement on a 40-month EFF arrangement to support the government's economic reforms. The agreement with šøš» is subject to approval by the IMF Executive Board. https://t.co/1GLjFsEhVl pic.twitter.com/M1U77Flz4f
ā IMF (@IMFNews) December 18, 2024
The IMF body stated that āThe potential risks of the Bitcoin project will be diminished significantly in line with Fund policies. Legal reforms will make acceptance of Bitcoin by the private sector voluntaryā.
Many economic experts noted that such deals are not going to impact El Salvadorās Bitcoin vision and it is going to give a better boost to the countryās economy. With this deal, El Salvadorās debt-to-GDP ratio will drop significantly, which is a very good sign for the economy of this country.
Bitcoin price action
Following this news, the trade price of Bitcoin crashed 5% within the last couple of hours. The current trade price of Bitcoin is $99,676.
The current trade price of Bitcoin is $99,673 pic.twitter.com/GUmfYKNz3A
ā Bitcoinik (@Bitcoinikdotcom) December 19, 2024
To control the panic level among the Bitcoin investors, the El Salvador president confirmed that his country will keep buying 1 BTC every day.
El Salvador keeps stacking 1 BTC per day, every day. šøš»šš pic.twitter.com/6gevIr1j4A
ā The Bitcoin Office (@bitcoinofficesv) December 18, 2024
Read also: WazirX announces the re-opening of crypto trading services!
The International Monetary Fund (IMF) is an international financial institution. This institution provides financial assistance and policy advice to member countries to help them to fight against payment problems, typically due to economic instability, high inflation, or unsustainable debt levels. Also, the IMF provides loans to countries in need of financial support to stabilize their economies but with certain conditions, for example, restructuring the countryās economy.
On 18 Dec 2024, The IMF body published the latest details about a loan deal with Central American country El Salvador.As per the deal conditions, El Salvador limits its involvement in the countryās national digital Bitcoin wallet, āChivoā, and also leaves the Bitcoin-related development focus on public sector engagement. That means Bitcoin-related economic activity will remain highly confined to crypto-focused businesses instead of the government authorities.By following the deal precisely, El Salvador will get $1.4 billion from the IMF over the next 40 months.
The IMF and the EL Salvador government have reached a staff-level agreement on a 40-month EFF arrangement to support the government's economic reforms. The agreement with šøš» is subject to approval by the IMF Executive Board. https://t.co/1GLjFsEhVl pic.twitter.com/M1U77Flz4f
ā IMF (@IMFNews) December 18, 2024
The IMF body stated that āThe potential risks of the Bitcoin project will be diminished significantly in line with Fund policies. Legal reforms will make acceptance of Bitcoin by the private sector voluntaryā.
Many economic experts noted that such deals are not going to impact El Salvadorās Bitcoin vision and it is going to give a better boost to the countryās economy. With this deal, El Salvadorās debt-to-GDP ratio will drop significantly, which is a very good sign for the economy of this country.
Bitcoin price action
Following this news, the trade price of Bitcoin crashed 5% within the last couple of hours. The current trade price of Bitcoin is $99,676.
The current trade price of Bitcoin is $99,673 pic.twitter.com/GUmfYKNz3A
ā Bitcoinik (@Bitcoinikdotcom) December 19, 2024
To control the panic level among the Bitcoin investors, the El Salvador president confirmed that his country will keep buying 1 BTC every day.
El Salvador keeps stacking 1 BTC per day, every day. šøš»šš pic.twitter.com/6gevIr1j4A
ā The Bitcoin Office (@bitcoinofficesv) December 18, 2024
Read also: WazirX announces the re-opening of crypto trading services!
to powell, unnessecary.
Be on the right side of
history.
Imagine being on the wrong side in history for a better form of money that helps billions. It won't be a good legacy.
Be on the right side of
history.
Imagine being on the wrong side in history for a better form of money that helps billions. It won't be a good legacy.
Decoding POWELL'S statement on Bitcoin
what fed said about $BTC is Powell's view. He said it's up to congress to make law. Next month Trump is president and he has already said that $BTC is going to be a part of federal reserve before any country. So take this as an opportunity to buy more... The market is volatile so avoid leverage trades..#buythedip
what fed said about $BTC is Powell's view. He said it's up to congress to make law. Next month Trump is president and he has already said that $BTC is going to be a part of federal reserve before any country. So take this as an opportunity to buy more... The market is volatile so avoid leverage trades..#buythedip
Be on the right side of
history!
Imagine being on the wrong side in history for a better form of money that helps billions. It won't be a good legacy.
history!
Imagine being on the wrong side in history for a better form of money that helps billions. It won't be a good legacy.
Decoding POWELL'S statement on Bitcoin
what fed said about $BTC is Powell's view. He said it's up to congress to make law. Next month Trump is president and he has already said that $BTC is going to be a part of federal reserve before any country. So take this as an opportunity to buy more... The market is volatile so avoid leverage trades..#buythedip
what fed said about $BTC is Powell's view. He said it's up to congress to make law. Next month Trump is president and he has already said that $BTC is going to be a part of federal reserve before any country. So take this as an opportunity to buy more... The market is volatile so avoid leverage trades..#buythedip
paperman powell, very soon retiredš¤£. what else can confuse anymore, after the yrs?š¤
šØ POWELS OUT OF BITCOIN! š„
šŗšø
šŗšø **Fed Chairman**, **Jerome Powell**, has just caused an **earthquake in global markets** with his statements! š
š **The 3 main points** that shook the market:
1ļøā£ **No Bitcoin as a reserve**: The Fed has completely ruled out the idea of āāadopting **BTC** as an official asset. The dream of many has gone down the drain! š«
2ļøā£ **Rate Cuts? Only 2 in 2025**: **Powell** dashed expectations, revealing that the Fed only plans **two rate cuts** next year, when many expected **3**. š±
š **The 3 main points** that shook the market:
1ļøā£ **No Bitcoin as a reserve**: The Fed has completely ruled out the idea of āāadopting **BTC** as an official asset. The dream of many has gone down the drain! š«
2ļøā£ **Rate Cuts? Only 2 in 2025**: **Powell** dashed expectations, revealing that the Fed only plans **two rate cuts** next year, when many expected **3**. š±