BREAKING: The US Treasury posted a -$404 billion budget deficit in October, the largest October deficit in history.
This marks a +$120 billion YoY increase and a +$337 billion surge from October 2024.
This comes as government outlays jumped +$84 billion YoY, to $773 billion, their largest for any October on record.
Defense spending was a major driver, surging +$29 billion YoY, to $129 billion, the largest monthly reading in history.
At the same time, government receipts dropped -$35 billion YoY, to $369 billion.
The US deficit crisis is accelerating.
🚨 BREAKING: $BTC falls below $71,500 as $ETH loses $2,000!
Around $37,000,000,000 wiped from crypto’s market cap in 24 hours.
Bitcoin is down roughly 3.5% today. Ethereum is down around 3.3%.
I believe Bitcoin's bottom is just around the corner.
$BTC is officially down around 22% from its high, the same drawdown level we saw in the last bull market.
On top of that, $65K-$68K is a combination of the golden ratio and the previous resistance level.
Combined, all those confluences signal that this level is already very interesting for an entry.
How can this not be pure market manipulation?
In the last 3 months, Bitcoin did everything that was needed for a bull market confirmation.
50W MA was reclaimed, a higher high was formed, and even the weekly Supertrend flipped bullish.
BREAKING: Bitcoin falls below $69,000 and ETH nears $1,900 as selling pressure accelerates in crypto.
Crypto markets have now lost -$150 billion in 48 hours.
BREAKING: Nvidia stock, $NVDA, plunges over -10% after Jensen Huang officially resigns as CEO.
The stock has now erased -$750 billion in market cap since the scandal began.
BREAKING: The DOJ is probing Alice Huang, the woman suspected as a spy targeting Jensen Huang, over whether she was involved in smuggling products made by Super Micro Computer, $SMCI, to China, per Bloomberg
SMCI’s stock extends losses to -14% on the day.
XAUUSD has now dropped over 1000pips since yesterday , this is the type of opportunity that could make anyone rich easily , even a beginner - just follow the trend 🎯
$BTC is testing the channel support that has held since June. RSI is back near oversold levels, just like the previous bounce zones.
$100K is still the bigger target.
BREAKING: Bitcoin falls below $71,000 for the first time since August 20th and selling pressure in crypto gains momentum.
Bitcoin is now down more than -19% since October 2nd.
BREAKING: The S&P 500 erases all losses and turns green as investors buy the dip in Nvidia, $NVDA.
Nvidia has now erased more than half of its loss on the day.
$BTC net shorts are back near the levels seen at the July bottom.
Bitcoin rallied roughly 50% from that low.
I think bears could be walking into the same trap again.