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)
...

JAYPOW might have broken US banking system.

2008 it was a banks portfolios of bad credit - aka subprime.

2023 it was banks portfolios of long duration bonds like UST and MBS???

If it goes down then remember Mar ‘20, big down, bailout, then big up! My body is ready.

18k seems inevitable.

A cryptobank blowing up yesterday, Silicon Valley Bank today, what's next? Market is pricing contagion, and it's normal. Bitcoiners see 10 years ahead and don't panic. The others...

There will be opportunities soon. Just don't despair.

Cz shill dips market ? 👀

More than $5.6 million worth of collateral on the Ethereum was liquidated in the past 24 hours. ETH will face liquidation of collateral positions worth more than $30m at $1235; WBTC will face more than $18 million at $18068. app.parsec.finance/dashboard & defillama.com/liquidations/e…