#news_update A crazy past for the crypto world. The continuous news from the Federal Reserve caused massive panic, and many traders lost their accounts, especially those who bought with high leverage without stopping losses. Over $300 million in raised orders were liquidated in the last hour alone! 😱 #btc
Here are the main news from the Federal Reserve:
- Jerome Powell stated that the Federal Reserve is not allowed to own Bitcoin and that any decision by the US government to do so is up to Congress. No plans for Bitcoin from the Federal Reserve.
- The Federal Reserve will continue to reduce public bonds and tighten the money supply, despite cutting interest rates.
- Powell expects 2025 to be a great economic year, and that we have avoided a recession.
The market panicked last night, and alts are in the red. Those who own cryptocurrencies woke up to sad accounts this morning. 😞 But the real pain is for those who used leverage - if you don't cut your losses, you could have lost everything! ⚠️
But wait, those of you who have $ (cash) are probably just sitting around drinking water, smiling, watching the chaos unfold: “The market is crashing? No, I still have money.” 😎💵
Bright Spot: Powell's bullish outlook for 2025 + potential Trump presidency, who is a strong supporter of Bitcoin, could pave the way for massive growth in cryptocurrencies. 🌟
2025 could be the year of economic recovery, with the Trump effect pushing the crypto market to new heights. So, for those who believe: today’s bottom could be tomorrow’s top! 💪 Your patience will pay off. 📈
This market rewards those who believe in the future! Get ready for the coming waves 🌊🚀
B$BTC
