How fast NVIDIA will overtake Microsoft in capitalization? 🤔

This happens every time Powell shows himself on the scene 🙂

Crypto Nova:
Bitcoin is still trading above both bullish key levels. Yesterday's $1,000-2,000 drop drop didn't change any of that. Although the current range isn't anything exciting in the market, the market remains bullish nonetheless.

📈 Small short-term corrections are typical for the market. Key levels have not been broken, so there is no reason to cancel the main bullish scenario.
We continue to monitor the movement of the first cryptocurrency. 👀

📈 Renowned traders are increasingly discussing the imminent rise in football tokens. This expectation is reasonable, given the upcoming UEFA Euro 2024 ⚽️ (June 14 - July 14). However, it's worth remembering that similar predictions were made before the start of the 2022 World Cup, and as we recall, no significant surge occurred.

Nonetheless, it's important to note that the market was not bullish at that time. In the future, a potential rise in football token prices could be influenced by the overall craze for meme coins. If you are interested in profiting from meme coins, I highly recommend paying attention to the potential boom in football fan tokens. 💥

We have reached the first level, which it is advisable to hold in order to continue the bullish scenario. We are actively monitoring current movements 💸

Image credit: Crypto Nova

We've all been there, we're all sinners 😈

⚡️ SEC Withdraws Securities Status for Cryptos in Binance Case

The U.S. Securities and Exchange Commission (SEC) has decided not to pursue the classification of several cryptocurrencies as securities in its lawsuit against Binance. The tokens affected include Solana (SOL) 💵, Cardano (ADA) 💵, and Polygon (MATIC) 💵.

This move comes after the SEC initially labeled these tokens as unregistered securities in June 2023, prompting their delisting from major platforms like Robinhood. This adjustment may influence the ongoing legal battles between the SEC and other crypto entities. (like it was and goes on with XRP 💵)

source

[RU]

⚡️Fed leaves rate unchanged for 8th month straight (5.5%)

The Fed's decision is completely in line with market expectations, so there is no reaction on the BTC and S&P500 charts at all.

Summary of fed meeting:

🛍 Fed reiterates no rate cuts until confident inflation is moving to 2%
🙂Inflation has eased but remains "somewhat elevated"
📊Fed says there has been "some" further progress on inflation
👨‍💻 Unemployment rate has moved up but remains "low"

[RU]

🚨 Highlights from yesterday Powell's speech:

Powell said: "a reduction in our policy rate could be on the table as soon as the next meeting in September."

Powell has positive takes on falling inflation and a normalizing labor market and in the case of a significant decline in the labor market, a change in interest rate policy can be expected.

Powell noted that the work with the inflation is not yet finished, but it is already possible to start cutting the rate.

📈 Wallstreet and Crypto Market may now expect a rate cut in September, which can lead to new a bullrun in September 🤑

Yesterday's drop is likely linked to Iran's statements about its desire to avenge for the killing of the Hamas leader 😰

[RU]