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Elon Musk: ‘I fully support President Trump and hope he recovers quickly.’ $DOGE #Trump #elonmusk
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Interest rate cut warning from JPMorgan CEO: May not be expected According to JPMorgan CEO Jamie Dimon, interest rates may remain at a higher level longer than the market expects due to inflationary obstacles. JPMorgan CEO Jamie Dimon warned about inflation despite the decline in the latest data and said interest rates could remain higher than the market expected. 'There are many inflationary obstacles' “Some progress has been made in reducing inflation, but we still have a lot of inflationary obstacles ahead of us: large financial deficits, infrastructure needs, trade restructuring and increased military spending again in the world,” Dimon said in a statement after the bank's second-quarter results. For this reason, inflation and interest rates may be higher than the market expects.” said. U.S. inflation figures released on Thursday showed annual inflation dropped to 3 percent. Thus, inflation decreased to the lowest level in 3 years. Fed chairman Jerome Powell, on the other hand, delivered positive messages during the sessions of the Senate and House of Representatives committees. Powell emphasized that keeping interest rates at a high level for too long could jeopardize economic growth, implying that reductions are on the horizon as long as progress is made in inflation. Powell said, “Inflation is the face to reduce interest rates.It is not necessary to wait for it to go down to 2," he said. #PowellSpeech #JPMorganBitcoin #FederalReserve
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Why is XRP rising? The long silence was broken What are the possible reasons for XRP's rise? XRP was experiencing one of the narrowest Bollinger Band jams among coins in its history and now in the entire market, as pointed out by chart analyst Matt Hughes. Technically, such jams mean that a large price action can be close. The price action in XRP coincided with a significant anniversary and made sense in this respect. Today is the first year of Ripple's legal victory over the U.S. Securities and Exchange Commission (SEC). On July 13, 2023, the court ruled that sales of XRP on exchanges, as well as sales by managers and distributions for developers, charities and employees, were not securities. 1 year after the XRP decision, it is now thought to be close to an agreement between the parties or the full conclusion of the court. In this direction, a completely hypothetical claim was effective in the rise of XRP. It was suggested that the SEC is likely to address the Ripple deal during a closed meeting at its Washington building next Thursday. Posts about this spread rapidly on social media. Last month, the SEC reduced the $2 billion fine it requested from Ripple in exchange for the deal to as much as $102 million. Ripple, on the other hand, offers to pay $10 million to the SEC. Finally, CME, one of the world's largest futures and options exchanges, announced on Thursday that it will begin offering the reference rate and real-time index for XRP. This is estimated to be the first step in the new products to be created for XRP transactions. $XRP #XRP #XRPGoal
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U.S. Government Bitcoin reserves could help strengthen the dollar, Sen. Cynthia Lummis said. #UnitedStates $BTC #BinanceTurns7
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FEAR 😰 The market had collapsed the last time #XRP rose. $XRP UP #Crypto DOWN!
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