Jerome Powell GIVING CRYPTO 24 HOURS!

Current Market Situation

• Bitcoin and crypto prices are falling, with Bitcoin currently at $100,000.
• Altcoins are also falling, with Ethereum at $3,000, XRP at $0.36, and Solana at $226.
• Market manipulators are trying to liquidate long positions, with $210 million worth of longs liquidated.

Upcoming Events

• FOMC meeting tomorrow, with expected no rate cut or hike, but Jerome Powell's statements will be closely watched.
• Big tech earnings later this week, GDP, and ECE on Friday.

Positive News

• Senator proposes a strategic Bitcoin reserve, buying 200,000 Bitcoin annually for 5 years.
• Kentucky state rep to file a strategic Bitcoin reserve bill.
• Donald Trump bullposts about crypto, indicating a positive stance.
• SEC reaches a settlement with Kukkoin, a positive development for the industry.

Analysis

• The current market situation is likely due to uncertainty and fear leading up to the FOMC meeting.
• Market manipulation is also a factor, with manipulators trying to dump the price of crypto.
• Long-term prospects for crypto remain positive, with increasing adoption and support from governments and institutions.