CONGRESSMAN BEGICH JUST ANNOUNCED HE HAS INTRODUCED A NEW AMERICAN BITCOIN RESERVE ACT THE US VALUES CRYPTOCURRENCY. WHAT ABOUT YOU? #ArthurHayes’LatestSpeech
The Clarity Act will begin debate in the Senate within a 9-10 week period before the August recess and is expected to be debated in May. Its approval before the recess signals that MEGA BULL will begin in June. $BTC #StrategyBTCPurchase
📈 Bernstein says $BTC 's $60K low marked a cycle trough and predicts a bull market ahead, driven by institutional inflows and record stablecoin supply. #BinanceLaunchesGoldvs.BTCTradingCompetition
A lot of major events are hitting the markets at once, and this could cause a lot of volatility.
1) US-Iran negotiations Today, Iran sent a new proposal to open the Strait of Hormuz and end the war.
President Trump is set to hold a meeting today to discuss negotiations.
Any signs of resuming US-Iran talks will be a good sign for the markets.
2) BOJ decision On Tuesday, the BOJ will announce its interest rate decision.
The market expects a rate pause, so the forward guidance is the most important. After the Hormuz blockade, inflation has started to move up in Japan. Any signs of BOJ tightening in the future will cause sellers to front-run. And if BOJ thinks inflation will be short-lived, markets could pump. 3) Fed decision On Wednesday, the Fed will announce its interest rate decision, which will most likely be a pause. The important thing here will be Powell's press conference, as inflation has spiked a lot since the last Fed meeting. Also, it'll most likely be the last FOMC meeting for Powell as a Fed chair.
4) Earnings report Microsoft, Amazon, Meta, Alphabet, and Apple will report their earnings this week.
These 5 companies account for over 25% of the entire S&P 500, which is a huge deal. If they report strong earnings, it'll be a sign that consumers are still spending and the economy is in good condition. If they report bad earnings, it'll be bad for the stock and crypto market. 5) ISM PMI US ISM PMI for April will be released on Friday. The last 3 ISM PMI prints were above 52, which is a sign of economic expansion. If another such print happens, it'll show that the US economy isn't slowing down despite the war. Historically, if ISM PMI has stayed above 52 for long, it has resulted in a parabolic crypto move.
Conclusion This week is packed with major data, which means volatility could be extreme. Don't use leverage, and keep my notifications on to get the update in real-time.
⚡ The Ethereum Foundation has unstaked roughly $40 million in Ethereum just days after nearing its 70,000 $ETH staking target, according to Arkham. EthereumFoundationUnstakes$48.9MillionWorthofETH
Geopolitical tensions are back in play. President Trump has abruptly halted US-Iran peace talks, sending an immediate shockwave through the markets.
$BTC faced a swift rejection near $78,000, dropping by almost $1,000. All eyes are on Sunday evening as legacy markets open, with further volatility expected. #USIranTalks
Tennessee has become the second US state to ban crypto ATMs outright, making it a misdemeanor to operate or host the machines — with penalties of up to one year in prison. TetherFreezes$344MUSDTatUSLawEnforcementRequest