The crypto market is trading in range despite hot CPI, hot PPI, and 87% odds of a rate hike.
We need to hold these support levels for bullish momentum to continue.
Bitcoin: $75,500
ETH: $2,350
Total market cap: $2.5 trillion
Altcoin market: $188 billion
This is not looking good boys.
Bitcoin got rejected from the 50W MA. We need to close the weekly candle back above it to confirm $57K was the bottom and the real bull market has started.
What's concerning is that the last two times Bitcoin got rejected here, a major crash
Next week will be Huge for Crypto.
๐บ๐ธ President Trump met with advisers on Friday to review ethics language for the Clarity Act.
Sept 15 - Senate votes on Clarity Act.
Sept 16 - House Ways and Means Committee will hold a crypto tax markup, per Bloomberg.
1 week before he diedโฆ Charlie Kirk said:
โBibi and Israel are gonna try to ethnically cleanse Gaza. They are clearly planning to genocide all of the Palestinians.โ
๐ท๐บ Russia passed its own Clarity Act.
๐ฏ๐ต Japan legalized Bitcoin and approved crypto ETFs.
๐ฐ๐ท South Korea recognized crypto as a national asset.
๐น๐ผ Taiwan set clear crypto rules.
๐น๐ญ Thailand exempted crypto profits from tax.
๐ฌ๐ง UK recognized crypto as property.
๐บ๐ธ PRESIDENT TRUMP !!
"The $5,000 Dividend will happen because the People of our Country deserve it."
Last time this happened, it kicked off the 2021 bull run where Bitcoin pumped from $3,800 to $69,000.
President Trump is pushing for CLARITY.
Wall Street is supporting CLARITY.
Banks want CLARITY.
Senate Banking & the House have already passed it.
The vote happens in 4 days.
We are so close.
INSANE VOLATILITY IN CRYPTO
Bitcoin dumped to $76,000 and Ethereum to $2,430, liquidating $51 million in longs and $40 million in shorts at the same time.
Within 60 minutes, Bitcoin pumped to $79,800 and Ethereum to $2,666, liquidating another $188 million in shorts.