Before coming into crypto, I used to live worry-free and was making good money.
And then I entered the crypto market.
Now, I have to worry about:
- Oil prices
- Inflation
- Unemployment
- Earthquakes
- Missiles
- Memory prices
- AI bubble
- Tariffs
And on top of this, my portfolio is only going down.
Bitcoin crashed to its lowest level in over 21 months, touching a cycle low of $58k for the first time since September 2024.
Despite the heavy volatility, BTC still closed the daily candle above the key $59k support.
It needs to reclaim $63,200 to invalidate this bearish breakout.
🇮🇷🇨🇭 BREAKING!!! THE IRANIAN DELEGATION HAS WALKED OUT!!!
Tasnim News reports Iran protested Trump's recent comments and Truth Social posts, calling them a violation of a clause in the Memorandum of Understanding.
"Do they not realize that if their threats had been effective, they would not have reached today's state of desperation? We do not take the Americans' threats seriously.
They would do better to be careful about their statements. Our armed forces are prepared to respond in a different manner. The more they talk, the more it is we who act." — Iran's Speaker Ghalibaf.
BREAKING: Iran says the US has agreed to pay $300 billion in reconstruction funds directly to Iran as part of the deal Pakistan announced, alongside the release of $24 billion in frozen funds with $12 billion released before negotiations even start, per Mehr News.
This directly contradicts Trump's & Vance's claim that no funds will be transferred to Iran at all.
If Trump denies this is true, there never was a deal. If Trump confirms, the US has fully capitulated to Iran's demands.
🚨 THIS LOOKS WORSE THAN THE GREAT DEPRESSION.
US stock valuations, market concentration, and leverage are now above 1929 levels.
Most people think 1929 was the biggest stock market bubble in history.
But today’s numbers are now even higher.
In 1929, the Shiller CAPE ratio peaked around 32.
Today it is around 42.
The Buffett Indicator was around 95% before the 1929 crash.
Today it is around 220-230%, the highest level ever recorded.
The top 10 US stocks controlled roughly 25% of the market in 1929.
Today the top 10 stocks control around 40% of the S&P 500.
A small group of AI and tech companies is now driving almost the entire market.
In 1929, investors used heavy margin debt to buy stocks.
Today, leverage moved into:
• Hedge funds
• Options
• Private credit
• Leveraged ETFs
• Derivatives
Back then, investors were chasing Radio, Automobiles and Electricity.
Today investors are chasing AI, Semiconductors, Data centers, and Cloud infrastructure.
And there's something even worse.
The 1929 bubble was mostly concentrated inside the US, while today it's global money.
This means the story has changed but the behavior hasn't.
And the result won't be any different.
BREAKING:
🇺🇸🇮🇷 Trump is ready to give Iran $300 billion - the New York Times
The proposed US-Iran peace deal includes a $300 billion “reconstruction fund.” for Iran