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๐ฐ JUST IN: A Chinese court has ruled that trading crypto futures on BKEX is illegal gambling.
Eight employees were sentenced to several years in prison for โoperating a casino,โ as the platform allowed leveraged trading up to 1000x.
The Most Important Crypto Event Of
This Week Will Happen Tomorrow.
At 2 Pm Et, The Fomc Interest Rate
Decision Will Be Released.
The Market Consensus Is Expecting No Rate Cut With 98% Probability.
But There's Something Even More Important Than The Rate Cut
I'm Talking About Powell's Press Conference, Which Will Happen At 2:30 Pm Et.
Since The Last Fomc Meeting, Several Inflation Metrics, Like Core Ppi And Core Ppi, Have Both Come In Lower Than Expected.
Also, There Was A Big Crash Yesterday In The Us Stock Market Due To Deepseek.
A Few Days Ago, Donald Trump Said That He Wants To See Low Interest Rates, And I'm Expecting That Powell Will Sound Dovish In Tomorrow's Press Conference.
If That Happens, The Crypto Market Reversal, Especially Altcoins, Will Start.
If You Remember Correctly, After The Last Fomc Meeting, Altcoins Peaked After Powell Called For Fewer Rate Cuts.
I'm Hoping Powell Sounds Bullish; Otherwise, There'll Be More Bloodbath In The Stock And Crypto Market.
MicroStrategy acquired 10,107 BTC for ~$1.1B at an average of ~$105,596 per Bitcoin, bringing its total holdings to 471,107 BTC as of 1/26/25. The companyโs total investment stands at ~$30.4B, with an average acquisition price of ~$64,511 per BTC and a 2.90% BTC yield YTD 2025.
WHY ARE BITCOIN AND CRYPTO
DUMPING?
IN THE PAST FEW HOURS, BTC IS
DOWN OVER 5%, WHILE LARGE
CAPS ARE DOWN 8%-10%
THIS HAS NOTHING TO DO WITH THE
CRYPTO MARKET AND EVERYTHING
TO DO WITH THE US STOCK MARKET.
THE US STOCK MARKET IS DUMPING
TODAY, AND IT'S JUST BECAUSE OF
ONE APP NAMED "DEEPSEEK."
DEEPSEEK IS A CHINESE AI STARTUP
THAT COMPETES WITH CHATGPT.
AS PER SOME ESTIMATES, IT COST <
$10M TO DEVELOP, WHICH IS WAY
LESS THAN CHATGPT
NOT ONLY THAT, TODAY IT
OVERTOOK CHATGPT TO BECOME
THE #1 FREE APP ON THE APPLE APP
STORE.
AS OF NOW, CHATGPT IS VALUED AT
$157 BILLION, WHILE DEEPSEEK IS
VALUED AT MERELY 0.2% OF THAT.
THIS HAS CAUSED A MAJOR
CONCERN AMONG LARGE US
INVESTORS AS THEY'RE THINKING
THAT THE US STOCK MIGHT BE TOO
OVERVALUED NOW, AND THEY'RE
SELLING IT SINCE THE MARKET HAS
OPENED.
I PERSONALLY THINK THERE'S NO
NEED TO PANIC SELL YOUR CRYPTO
AS THERE'S ALWAYS SOME FUD TO
SCARE THE MARKET.
HODL TIGHT AND JUST WAIT
Called & shorted the TOP of $TRUMP
will giveaway $5,000 from the profits
over the time. Just like this post and be following me.
I love memecoins but have to take an
Opportunity when I see one.