👀 JUST IN: Fed holds interest rate steady at 23-year high, possible rate cut coming September.
🇧🇷 JUST IN: Central Bank of Brazil Aims to Finalize Crypto Exchange Regulation by Early 2025.
😎 BTC/USDT ANALYSIS
Bitcoin is forming a cup and handle chart pattern and is currently attempting to break the pattern's neckline.
A solid breakout of the pattern would confirm the bullish trend. Keep an eye on this development.
Hong Kong police have arrested 4 people including a 14yearold teenager, who used counterfeit bills to defraud cryptocurrency investors the scammers managed to earn $1,400,000 in total.
Young people posed as well-known crypto investors and offered victims to exchange crypto for cash at a rate below the market rate.
💰 JUST IN: University of Wyoming launches first academic Bitcoin research institute.
🇺🇸 US Senator Cynthia Lummis has drafted a bill proposing Bitcoin as a reserve asset for the Fed and plans to introduce the new law over the weekend during the Bitcoin 2024 conference.
In simple terms, Lummis wants to equate Bitcoin to gold and foreign currencies.
The crypto market reacted negatively to the news of Joe Biden’s refusal to be re-elected as US President. Bitcoin quotes dropped below $66,000.
❗️The most popular political meme token, BODEN, associated with Biden, plunged more than 50%.
