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π¨JUST IN: The S&P 500 has officially erased $4 trillion in market value since its July 27th high.
In 3 months, the S&P 500 has dropped 430 points and stands less than 1% away from correction territory.
The exact top in the S&P 500 came on the same day that Fed removed a recession from their forecast.
As markets fall to their lowest levels since May 2023, we are in a much different environment.
Last time the S&P 500 was at current levels, 3 rate CUTS were priced-in for 2023.
Now, rates are higher and futures are no longer showing rate cuts until July 2024.
BIG RECESSION IS COMING UP $BTC
π Exciting news for the crypto world! Bitcoin surges 15% on BlackRock's Bitcoin ETF preparations. π SEC approval could open doors for more ETFs. Bitcoin's 107% YTD rise proves its worth as a safe haven asset amidst geopolitical tensions. ππ° #Bitcoin#Crypto#BTC#Investing $BTC
π Bitcoin just shattered the multi-month Lower High! π
Now the big question: Can it stay above and transform it into support? π€
The upcoming days are absolutely critical for confirmation. π
#BTC#Crypto#Bitcoin $BTC
SUMMARY OF FED MEETING MINUTES (10/11/23):
1. "All officials" agreed rates should stay restrictive
2. Fed sees downside risks to economic activity
3. Fed sees upside risks to unemployment
4. Fed generally views risks as "two-sided"
5. Balance sheet reduction could continue for "some time"
6. Inflation remains "unacceptably high"
The Fed is committed to higher for longer but is proceeding cautiously. #Fed $BTC #Bitcoin
π’ Question for crypto enthusiasts: According to Fidelity, $BTC is fundamentally distinct from other cryptocurrencies. What sets it apart in your opinion? Share your thoughts! π #Crypto#BTC#Fidelity#Bitcoin
π¨ Breaking News π¨: Bitstamp crypto exchange announces its exit from Canada π¨π¦. Effective January 8th, the exchange will halt all services in response to mounting regulatory pressures. #Bitstamp#CryptoNews#CanadaCrypto ππ¨π¦πΌ