🇸🇻 BTC-friendly El Salvador President Naib Bukele wins re-election.

🇺🇸 Fed Chairman Jerome Powell says the U.S. is on an "unsustainable fiscal path" as debt burdens rise.

🔵 The Fed needs "more confidence" in the US economy before it can start cutting rates.

💸 Glassnode: Around 510,000 ETH has been withdrawn from crypto exchanges in the past 3 weeks, which may indicate that ETH holders are serious.

☕️ BlackRock has increased the stake on its balance sheet to 72,466 BTC for its spot BTC-ETF.

🤓 US Federal Reserve Chairman Jerome Powell said that:

The Fed may wait until March before cutting interest rates to ensure that the 2% inflation target is sustained.

The Fed is expected to cut interest rates three times this year and the pace of interest rate cuts may be much slower than the market expects.

Powell reiterated that neither he nor his colleagues will succumb to political pressure in this presidential election year.