👉 Xiaomi will pre-install Sei's crypto wallet on millions of smartphones worldwide
The Chinese manufacturer Xiaomi has taken an important step to bring the general public closer to the world of cryptocurrencies. The company has partnered with Sei Labs, the developer of the Sei blockchain, to pre-install a new crypto wallet app on all smartphones sold outside of mainland China and the United States.
👉 Besides the expectation for the breakout of the LTB to resume the rise, we also have a possible continuation pattern of decline (bear flag), as shown in the image.
According to a new survey conducted by students at Cornell University, bitcoin ownership is much more common in El Salvador than in the USA. In their survey, 72% of people in El Salvador said they have owned bitcoin, compared to only 24% of respondents in the United States.
The market is already pricing in an 88.6% probability of an interest rate cut at this week's FED meeting, according to current expectations. This movement, if confirmed, increases global liquidity and tends to favor risk assets such as Bitcoin, cryptocurrencies, and stock markets.
Full attention to the developments tomorrow, as we may have a strong impact on the volatility of the crypto market. 🚀📊
👉 🇺🇸 WHITE HOUSE: “THERE IS A LOT OF ROOM FOR INTEREST RATE CUTS IN THE USA”
The economic advisor of the White House, Kevin Hassett, stated that there is still ample room for lowering rates in the USA — as long as there is assurance that inflation will not accelerate again.
When asked about any pressure from President Donald Trump for cuts, Hassett emphasized that monetary policy should follow technical criteria: “If inflation rises from 2.5% to 4%, then you could not cut rates.”
The market remains with low volatility. BTC continues to test the previously mentioned LTB and, as long as there is no breakout, the scenario remains the same.
👉 SEC concludes investigation into Ondo Finance and opens space for a new phase of tokenization in the USA
The U.S. Securities and Exchange Commission has officially concluded the investigation initiated in 2023 against the tokenized asset platform Ondo Finance. The statement released by the company confirms that the process, conducted confidentially over the years, has been closed without any charges, both regarding the platform's tokenized assets and the ONDO token.
👉 BREAKING: Trump says he told Xi of China that the US will allow NVIDIA to send its H200 chips to approved buyers in China and other countries – but only under conditions that protect US national security. He says Xi agreed and that 25% of the revenue will go to the US.
👉 As we have been warning in recent days, the Downward Trend Line (DTL) has confirmed itself as the main resistance for the continuation of Bitcoin's upward movement.
After testing this region, the price underwent a significant correction, which reinforces the strength of this barrier in the short term. This movement, however, may still only represent a breather in shorter time frames, opening up space for a new breakout attempt.
Now, the key point of attention is the maintenance of the previous low, located in the region of US$ 85 thousand. As long as this level is preserved, the scenario remains constructive for new upward attempts.