$TRUMP 🖇️
$PAXG 🖇️
$BTC The market is experiencing a lot of activity and we need to keep our eyes wide open.
The most important thing happening right now is that Bitcoin has fallen back below $74,000. This weakness is driven by the fact that tech stocks are suffering, especially due to fears that Artificial Intelligence will change everything too quickly. Notice that even companies that manufacture chips, like AMD, have had their worst drop in years, plummeting by 16%.
But it’s not all about technology, look at these key points:
- Gold is also down: The spot price of gold has retreated and is now below $4,850 per ounce.
- Whale Movements: We have seen large movements of money, such as wallets linked to Multicoin Capital shifting their funds to HYPE, and other investors moving large amounts of ETH to pay off loans.
- Trump News: It is reported that President Trump could sign very soon, perhaps by April, a new legal framework to regulate cryptocurrencies, which would provide more structure to the market.
- Official Delay: A curious fact is that the U.S. Department of Labor postponed the jobs report until February 11, so we will have to wait to see how the economy is really doing.
We are in the midst of a market cleanup where patience is our best ally. As I always tell you, everything needs to be analyzed with a cool head because while some see fear, institutions keep moving their pieces.
Do you think this drop is just a necessary breather for Bitcoin to gain strength with Trump's new laws, or do we still need to see a lower bottom?
#TrumpEndsShutdown #GoldSilverRebound #KevinWarshNominationBullOrBear