Democrats just took both the house and the senate. $TRUMP lost congress.
$BTC dumped to ~$75.6k on the call... then ran straight back above $80k and wiped $500m+ in shorts. the market had already priced it in.
but don’t get too comfy. what’s next:
• pro-crypto bills just got a lot harder to pass. trump can veto, but he can’t push his agenda through anymore
• etfs bled ~$1.16b in the 3 days before the vote. inflows only just came back
• the fed held rates, and 2 members still want another hike
• binance withdrawals reopen today after the $6b hack
$82k is the wall. break it and $85k is next, and that’s where the trend actually flips. lose $76k and $73k is on the table.
politics got worse for crypto and price went up anyway. tells you something 👀
$BTC dumped to ~$75.6k on the call... then ran straight back above $80k and wiped $500m+ in shorts. the market had already priced it in.
but don’t get too comfy. what’s next:
• pro-crypto bills just got a lot harder to pass. trump can veto, but he can’t push his agenda through anymore
• etfs bled ~$1.16b in the 3 days before the vote. inflows only just came back
• the fed held rates, and 2 members still want another hike
• binance withdrawals reopen today after the $6b hack
$82k is the wall. break it and $85k is next, and that’s where the trend actually flips. lose $76k and $73k is on the table.
politics got worse for crypto and price went up anyway. tells you something 👀
