THE SEC JUST GOT SLAPPED! (CRYPTO WIN)

Market Updates

• Bitcoin is up in the last 24 hours, currently at $94,424
• XRP is up, from $233 to $253
• Ethereum is down about 5%

SEC and Regulation

• A U.S. court has demanded the SEC explain itself for denying Coinbase's requests for crypto-specific regulations
• The SEC has been criticized for not providing clear regulations for the crypto industry
• The court's decision is seen as a positive development for the crypto market

Upcoming Events

• Trump's inauguration is in 7 days, and it is expected that he will focus on setting up a group of crypto-minded people to help with legislation and regulation
• Economic numbers, including PPI and CPI, are expected to be released soon, which may cause market volatility

Market Sentiment

• The stock market is in extreme fear, with the Nasdaq down 7% and the S&P 500 down 4% from its high
• Bitcoin investors are more used to volatility, and the fear and greed index is around fear or neutral

Trading Strategy

• It is recommended to be ready for anything and to monitor positions closely
• Having some cash on the sidelines in case of a market downturn is a good idea
• Using low leverage and being prepared for potential liquidation is also recommended