Trump really doesn’t give a shit about the reserve. He just pumped his own bank account and rugged everyone. I don’t think he knows how a blockchain even works.
And retail investors will take profits too because of the battle our portfolios have gone through. I suggest taking some profit after an impulsive news pump, and then reinvesting on the correction.
The whole market RALLIED like crazy in a few hours. Of course smart money investors will begin to take profits because a correction is needed to keep the RSI in check. Always take a bit of profit after an impulsive news pump.
I wouldn’t sell my #SOL. Remember the transaction issues back in April and May of 2024? That wasn’t enough to destroy solana. People will forget about the pumpfun bs as more regulations come in, and Solana will RALLY.
If the CPI is under 3% there is a high chance of quantitative easing, which means the government would lower interest rates and increase the supply of money to the economy, and consumer confidence will increase. That is a BULLISH scenario.
We’re in disbelief atm for most of the coins including eth. And we are in optimism with btc. Don’t give up guys. These large corporations like Blackrock are trying to mentally exhaust the market to shakeout the week hands. We may move sideways for a few more days.
A significantly greater proportion of new comers are likely to follow the ‘hype’ on larger trading platforms and applications, such as Binance and Coinbase.
In my opinion, gambling on crypto is negligible in impacting the BOOM of alt season because Bitcoin, ethereum and xrp holds 75% of the total market dominance, which is 2.3 trillion dollars. These small coins primarily attract the degenerates of crypto.
The new comers of crypto would predominantly stick to these larger market capped coins, they move as a herd. Of course there are a few exceptions; however, that would merely have a tiny effect on the magnitude of alt season.
The bill, KY HB376, was introduced on Feb. 6. If passed, it would authorize the State Investment Commission to allocate up to 10% of excess state reserves into digital assets, including Bitcoin and coins with a market cap over $750 billion.
China still remains a major player in Bitcoin mining. And there are rumours that Bitcoin will be unbanned in 2025. Does this mean a reserve is coming? And was the ban made in 2021 so the Chinese government could accumulate Bitcoin?