#BTC 1H TF Update

BTC Dominance Update

🚨US Stock Exchanges Opened.

S&P 500: +0.18%
Nasdaq: +0.41%
Dow Jones: +0.10%

S&P500 Pumped ----> BTC moon soon 🫡🫡

JUST IN: Perth Mint, one of the largest gold refiners in the world, sold up to $9 billion in diluted gold to China.

BTC/USDT
RSI shows a clear uptrend in this area

South Korea's largest exchange, Upbit, announced that it will open spot trading of KRW/MASK (Mask Network) BTC/ACS (Access Protocol).
upbit.com/service_center…

Hmmm Market is shit again .

Powell: If the totality of incoming data indicates that a faster tightening is necessary, we are ready to accelerate interest rate hikes.

Powell: The final level of interest rates will probably be higher than previously projected.

Powell: There is little evidence so far of deflation in basic services, except for housing. For inflation to return to 2%, lower inflation in basic services, excluding housing, and a possible softening in the labor market are required.

Powell: Recent economic data, especially inflationary pressures, are stronger than expected. It will certainly require us to maintain a more restrictive policy stance for some time to restore price stability. There's still a long way to go to get inflation down again, and that road is likely to be bumpy.

Aggregate emissions from altcoin rewards, unlocks, etc add up to $50-100M+ daily

This does not include selling pressure from recent buyers

Without upward momentum drawing in new buyers, prices decline

JUST IN: 🇺🇸 Biden to propose new tax rules for #Bitcoin , removing the ability to tax-loss harvest. - WSJ

Grayscale’s SEC Hearing Gives New Hope For GBTC Investors

The Grayscale Bitcoin Trust went on the offensive against the SEC, bringing their argument for a spot #bitcoin ETF in front of judges.

How an eventual approval might impact the #btc price.

2/ #Voyager currently holding $757.8M worth of assets, including:

- 459.8M $USDC
- 102,306 $ETH ($157.7M)
- 122.4M $VGX ($61.7M)
- 4T $SHIB ($44.2M)
- 1.28M $LINK ($8.5M)
- 8.95M $MANA ($4.9M)
- 6.6M $FTM ($2.4M)
- 454,805 $APE ($2M)
- 3.44M $SAND ($2M)
- 3.9M $ENJ ($1.55M)
...