The Market Updates
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The Market Updates
Crypto Trader Since 2007.
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BREAKING: 🇮🇷 Iran plans to end all future negotiations with the US until Trump's term ends in 2029.
🚨CRASH:
🇮🇷Iran's currency has hit an all-time low
$1 = 1,375,550 Iranian Rial
$730 means you are a BILLIONAIRE in Iran
🇮🇷Iran's currency has hit an all-time low
$1 = 1,375,550 Iranian Rial
$730 means you are a BILLIONAIRE in Iran
Bitcoin Weekly Analysis
Bitcoin gained 2.1% this week and has stayed above the important 200-week moving average for 6 weeks.
Bullish Case:
-MACD turned positive
-RSI shows bullish divergence
-Strong ISM data and Russell 2000 at all-time highs
Bearish Case:
-Possible bear-cycle bottom around October
-Rate-hike concerns
-BTC is still below the 20W and 50W moving averages
Key levels to watch:
-Resistance: $67K–$69K
-Support: $62K / $58K
Important event: US CPI on Wednesday.
As long as $BTC holds above the 200W MA, the outlook remains bullish. A break above $69.1K could confirm a trend reversal.
Bitcoin gained 2.1% this week and has stayed above the important 200-week moving average for 6 weeks.
Bullish Case:
-MACD turned positive
-RSI shows bullish divergence
-Strong ISM data and Russell 2000 at all-time highs
Bearish Case:
-Possible bear-cycle bottom around October
-Rate-hike concerns
-BTC is still below the 20W and 50W moving averages
Key levels to watch:
-Resistance: $67K–$69K
-Support: $62K / $58K
Important event: US CPI on Wednesday.
As long as $BTC holds above the 200W MA, the outlook remains bullish. A break above $69.1K could confirm a trend reversal.
BREAKING: Tom Lee’s BitMine bought $14.2 million worth of $ETH last week.
They now hold $11.14 billion worth of ETH, that's about 4.8% of Ethereum’s supply.
They now hold $11.14 billion worth of ETH, that's about 4.8% of Ethereum’s supply.
🇺🇸 Former Defense Secretary Mark Esper said the Crypto Clarity Act is a national security bill and should pass with urgency.
I don’t think you understand how big the next bull run will be once the Crypto Clarity Act is signed into law.
It can unlock $16 trillion+ in capital with RWA, tokenization and global stablecoin payments.
Total crypto market is sitting at $2.2 trillion today while the US stock market is worth over $75 trillion.
Just imagine how undervalued Bitcoin is right now and how high things can go.
It can unlock $16 trillion+ in capital with RWA, tokenization and global stablecoin payments.
Total crypto market is sitting at $2.2 trillion today while the US stock market is worth over $75 trillion.
Just imagine how undervalued Bitcoin is right now and how high things can go.
🇺🇸🇮🇷 Trump saw a clear path to claim victory in the Iran war by getting the Strait of Hormuz fully open.
He told aides he could even accept leaving without a nuclear agreement if commercial shipping resumed.
That exit route closed when Iran presented its steepest demands yet.
Tehran is now insisting on billions in compensation, the complete withdrawal of U.S. forces, an end to the naval blockade, and additional concessions before it will allow free traffic.
Analysts say Iran senses Trump’s urgency ahead of the midterms and is using the waterway as maximum leverage.
Gas prices remain high and previous claims that the strait was already open have repeatedly proven premature.
Washington refuses Iranian restrictions or fees and keeps the threat of force on the table, but the diplomatic room to declare a clean win has shrunk again.
Source: WAPost
He told aides he could even accept leaving without a nuclear agreement if commercial shipping resumed.
That exit route closed when Iran presented its steepest demands yet.
Tehran is now insisting on billions in compensation, the complete withdrawal of U.S. forces, an end to the naval blockade, and additional concessions before it will allow free traffic.
Analysts say Iran senses Trump’s urgency ahead of the midterms and is using the waterway as maximum leverage.
Gas prices remain high and previous claims that the strait was already open have repeatedly proven premature.
Washington refuses Iranian restrictions or fees and keeps the threat of force on the table, but the diplomatic room to declare a clean win has shrunk again.
Source: WAPost
BREAKING: 🇺🇸🇮🇷 President Trump is ready to end the war without a nuclear deal if Iran fully reopens the Strait of Hormuz, per WSJ.
🇺🇸 White House advisor Patrick Witt says Democrats blocked the Crypto Clarity Act from a Senate vote last week.
Japan, South Korea, and Russia have already passed their own Clarity Act while Democrats are still delaying regulations.
ALL PEOPLE WANT IS CLEAR REGULATIONS.
Japan, South Korea, and Russia have already passed their own Clarity Act while Democrats are still delaying regulations.
ALL PEOPLE WANT IS CLEAR REGULATIONS.
🇺🇸 President Trump and the White House are urging US senators to reach an agreement and pass the Crypto Clarity Act.
JUST IN:
🇺🇸 US National Debt has surpassed $40 TRILLION for the first time ever.
🇺🇸 US National Debt has surpassed $40 TRILLION for the first time ever.
BREAKING: Reporter Brendan confirms the US Senate will vote on the Crypto Clarity Act on Sept 15th around 2pm.
This is MASSIVE 🚀
This is MASSIVE 🚀
$BTC is trying to escape the descending channel.
One clean breakout could send price straight toward $68K.
But bulls need confirmation first.
One clean breakout could send price straight toward $68K.
But bulls need confirmation first.
🩸CRASH:
🇦🇷 Argentine peso just hit a new ALL-TIME LOW.
If you have $670 today, you are now a MILLIONAIRE in Argentina.
🇦🇷 Argentine peso just hit a new ALL-TIME LOW.
If you have $670 today, you are now a MILLIONAIRE in Argentina.
BREAKING: 🇺🇸 Senate Majority Leader Thune has filed cloture on the motion to proceed to the Clarity Act.
This will put the Clarity Act up for a vote immediately after the Senate returns in September.
This will put the Clarity Act up for a vote immediately after the Senate returns in September.
This is absolutely massive for Crypto.
Russell 2000 just have its highest weekly close ever in history while the US market added $2.8 Trillion.
This is bullish for $ETH and altcoins because historically they followed Russell in 2017 and 2021 bull run.
The money rotation has officially started and it will reach Bitcoin and crypto soon.
Russell 2000 just have its highest weekly close ever in history while the US market added $2.8 Trillion.
This is bullish for $ETH and altcoins because historically they followed Russell in 2017 and 2021 bull run.
The money rotation has officially started and it will reach Bitcoin and crypto soon.
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