WARNING TO $BTC HOLDERS: ๐จ Every major Bitcoin crash this year lined up with Japan defending the yen.
This time, the US and Japan intervened TOGETHER for the first time in nearly 30 years.
If this continues, you already know what's coming...
The bond market is out of control.
The US 30Y Note Yield is now up to 5.27%, its highest level since June 2007.
This officially marks a +450 basis point rally since the low seen in 2020.
At the current pace, we are on track to see US 30Y mortgage rates exceed 7.50% by year-end.
And to top it all off, Fed Chair Warsh is now adamant that the market should operate independently, without Fed guidance.
Even without rate hikes or Fed guidance, the market is sending rates higher; operating exactly how Fed Chair Warsh wants it to operate.
The bond market will soon be the most talked about component of global capital markets.
This simply is not sustainable.
๐จ JAPAN IS RUNNING OUT OF OPTIONS.
The U.S. sold euros to buy yen in the first joint intervention in 15 years.
Japan already deployed nearly $59 billion.
Japan must choose: save the yen or risk a global recession.
JUST IN: Massive investment platform Grayscale officially endorses passing the Clarity Act:
"For Grayscale, the Clarity Act is critical in ensuring that innovation in asset management will happen in U.S. capital markets" ๐บ๐ธ
๐จ Bitcoin is testing the exact level that triggered a 565% rally last time.
$BTC Monthly support is holding, with a BIG green candle.
Bottom? Probably not.
Promising bounce? Absolutely.
The largest and oldest Chinese community in the Western Hemisphere and North America, it is located in Lower Manhattan, with its core on Mott Street. It comprises 45 streets, covers an area of โโover 4 square kilometers, and has a population of approximately 160,000.
Two Massive wins for the Crypto market structure bill in the last 24 hours.
First, the National Organization of Black Law Enforcement Executives (NOBLE) endorsed the clarity act, becoming the first major law enforcement agency to support it.
Now The Major County Sheriffs of America have shifted their stance from "against" to "neutral" on the Crypto Market Structure Bill.
Two major law enforcement just stopped blocking the crypto CLARITY ACT.
We are getting closer.
250 years ago, a bold idea changed the course of history. Today we celebrate the people, principles, and enduring promise of the United States of America.
Happy 4th of July from the White House. ๐บ๐ธ