🚨 U.S. BITCOIN RESERVE CANCELED 🚨

FOMC isn’t allowed to hold $BTC anymore!

I did an in-depth analysis, and the results are shocking... 🤯
Get ready for turbulence ahead, with a potential dip below $60k. 🧵👇

🔑 Key Updates from Today’s FOMC Meeting:

1️⃣ GOOD NEWS: The Fed lowered interest rates by 25 bps ✅

Encourages more investment in crypto.

Similar rate cuts in 2021 fueled the legendary bull run. 🚀

2️⃣ BAD NEWS: Powell’s shocking comment:

The Fed cannot hold $BTC and no legislative changes are planned to make this feasible. ❌

🤔 What Does This Mean? Let’s Dive In:

1. Rate Cuts:

Lower rates = investors shift toward high-growth assets like crypto.

Historically, such moves drive major bullish momentum.

2. Bitcoin Reserve Block:

Powell clarified that the Fed, as an independent agency, is not authorized to hold $BTC.

Congressional action would be required to amend Fed regulations.

💡 Could Congress change this?

Yes, with a decisive push from leadership like Trump.

🌍 Why the U.S. Needs a $BTC Reserve:

📉 The U.S. dollar’s global dominance is eroding.
📈 National debt is at record highs.
🔗 Hedging with $BTC could secure a strong position in the digital economy.

📉 What Happened to the Market?

Powell’s comments triggered a massive $277M liquidation wave. 🌊

The market is targeting weak hands in a typical shakeout before the next pump. 💪

Reminder: This feels like the 18k->48k $BTC moves earlier this cycle:
1️⃣ Pump
2️⃣ Consolidation
3️⃣ Upward breakout
4️⃣ ~20% correction

🛠️ My Strategy:

Spot Positions: Holding firm 💎🙌

Market is cooling off—healthy correction.

My target: $90k for $BTC soon, leading to new ATHs.

⚡ Final Take:

This is likely just another shakeout before major upside momentum. 🔥
Stay calm and trust the process. 🌟

Are you ready for the next big move? Let’s discuss in the comments! 👇

#Fed25bpRateCut $BNB

the bolivar is in free fall in less than a week it devalues by around 12%

$Will Shiba Inu hit $1? Let's break it down:

- As of 05-03-2024:
- Rank: 10
- Market Cap: $25.34B
- Market Dominance: 1.01%
- Circulation Supply: 589.29T
- All-Time High: $0.0000885 (2021-10-28)

Considering the current market cap, each Shiba is valued at $0.000043. Reaching $1 would need an impossible $589.29 trillion market cap, given the total crypto market is $2.52 trillion.
Even if Shiba's supply is reduced to $25.35 billion, the current market cap, it's still impractical.

However, Shiba burns coins on Shibarium's layer 2. In January 2024, 9.9 billion Shiba were burned. To hit $1, 589.26465 trillion Shiba must burn. At the current rate, it'd take 4,960 years.

Conclusion: $1 is unlikely, but holding could still benefit due to Shiba Inu's aggressive coin burning.

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#TrendingTopic #pepe #HalvingHorizons $BTC $SHIB