Feels like the market shifted gears a bit and decided it’s time to head back up. I’m guessing in anticipation of a positive interest rate decision (lowering rates). Sort of makes me wonder if we’re going to see a sell the news event as a result. In any event, I’m glad we’re seeing the price go up and if gold and silver are any indicator, we’ll be in new high territory before too much longer.
Bitcoin is doing bitcoin things.
First, all the negativity.
Now, with 25 bps priced in, I see the FED decision as a sell-the-news event, unless JalwayslatePowell delivers something more: 50 bps cut or more: knee-jerk reaction buy.
I never thought the Central Bankster would play a direct role in the bitcoin price, but I guess it's temporary.For years, some have been calling for adaptation in the sense that Bitcoin becomes accepted at precisely these levels that are now being discussed. Unfortunately (or fortunately for some), we have come to a situation where we are waiting for what the FED will decide or what the US president will write on social networks.
It doesn't seem to me that this is temporary, but that it will continue - especially if we know how much BTC ETFs have accumulated and that these companies are extremely powerful considering that they manage more than $15 trillion. Their influence (lobbying) on politicians and banks should not be ignored.