Imagine being Powell right now.
Brought inflation down from 9% to 2% while keeping the unemployment rate at 4%.
Stocks, Bitcoin, and Gold are all at all time highs.
And people are demanding he resign.
Don't try to manufacture the crypto bull market in 2020-2021. The Advance Decline Index of the top 100 cryptocurrencies has been in a brutal downtrend since 2021.
The uptrend you see in 2020-2021 is the bull market people remember, when the BTC bull market was accompanied by breadth throughout the asset class.
However from late late 2021-2026, the ADI of the top 100 cryptocurrencies has been decreasing.
BTC's bull market was more of a defensive positioning play (people selling alts and buying BTC) plus some institutions buying BTC.
The broader altcoin market did not participate because there a general lack of interest in the crypto markets to begin with, and as more and more altcoins were minted, liquidity was spread thinner and thinner.
BTC's bull market masked some of the underlying weakness in altcoins for years. But now that BTC has stalled out for the last year, the weakness in the altcoin market has become much more apparent and harder for people to ignore.
https://t.co/hAevv2DLEE
Two things can be true at the same time.
It can be good that Maduro is gone.
And it can still be wrong for the U.S. to decide it was our right to remove him.
What if China had swooped into Caracas and dragged Maduro to Beijing after meeting him just hours earlier? Russia?
Regime change isn’t noble just because you agree with the result. If the roles were reversed - if Russia or China had done this - Americans wouldn’t be debating nuance — we’d be calling it blatant aggression. History shows the powerful rarely stop at “removing a bad guy” once they’ve crossed the line into military intervention.
Sovereignty matters - not just who wins.
Trump campaigned on an “America First” platform. Now he wants to "run" Venezuela?
60% of Americans live paycheck to paycheck. Health care is collapsing. Housing is unaffordable.
Trump should address these major crises at home and end his illegal military adventurism abroad.
The reason I said back in August that it was not ALT season was because I expected ETH to get rejected on its 1st attempt at all time highs.
ALT/BTC pairs went lower while ETH/BTC should put in a higher low.
What happens next for ALTs depends on ETH's ability to break $5k