TETHER JUST DROPPED A BITCOIN BOMBSHELL! DONALD TRUMP DID IT AGAIN!!

Market Update

• PCE (Fed's preferred inflation gauge) came in at 0.3% month over month and 2.6% year over year, meeting expectations.
• 81% of S&P 500 companies have reported earnings, with 80% beating expectations.
• Unemployment rate is low, and next week's employment numbers are expected to be good for the stock market and crypto.

Crypto News

• MicroStrategy has $584 million to buy Bitcoin after its preferred stock offering was oversubscribed.
• 18 US states have introduced bills to protect Bitcoin rights or buy Bitcoin.
• SEC approved a Bitwise combined Bitcoin and Ethereum ETF.
• Bitcoin ETFs had a big day with $209 million inflow and 3,047 Bitcoin inflow.

Tether News

• Tether is bringing USDT to Bitcoin's Lightning Network, enabling high-speed, low-cost transactions.
• This integration will combine Bitcoin's security and scalability with USDT's price stability.

Ethereum Update

• Ethereum is breaking out above its downsloping resistance, potentially leading to a continued price increase.
• Trump has bought $20 million worth of Ethereum in the past two days, showing continuous investment in crypto.

Market Outlook

• Risk indicators are still low, and social metrics are not overheating, suggesting that the market is not close to a top.
• On-chain metrics are getting spicy, but not yet at extreme levels.
• Price metrics are not close to all-time highs, suggesting a potential explosive move in the future.