Hello friends, today I want to share with you two pieces of news, one of which is that experts from JP Morgan bank suggest that the prolonged bearish season of bitcoin is about to end a report from the bank suggests that the price weakness was not so much related to the bankruptcy of evergrande in United States or the alleged sale of bitcoins by spacex or the increase in US interest rates.
According to them, it had to do with the enormous liquidation of long positions in the derivatives market and the fading of positive signs in the sector, such as the expectations for the approval of a bitcoin spot ETF, which on my part, since I repeated it on several occasions. I don't have any faith. But of course I could be wrong.
But what makes me honestly think that the United States would want to get even more strength out of the Dollar when it comes upon it, for example, the Brics alliance that controls 30% of the world's gross domestic product AND that also wants to eliminate the US dollar from all its transactions based on on current futures market data, JP Morgan analysts suggest we could see a short-term turnaround with a rally in the coming weeks.
Well, these are the words of the JP Morgan analysts, for my part, we believe that the market has to fall even more calmly to $22,000, as I mentioned recently, and since I mentioned the bitcoin spot ETF, many consider that this time the approval could exist on the part of the SEC. There being a new heavyweight Black Rock.
But I am still skeptical about this issue but we did not want to mention the latest report that shows how the company has significant stakes in bitcoin mining companies and today is the second largest shareholder of four of the five largest bitcoin mining companies It is important to note that this does not mean at all that your cash ETF will be approved, but the investment is still curious and clearly something is up to them.
The Venezuelan bank, which is the most used by Venezuelans, any user who uses P2P today will find that the Venezuelan bank has unfortunately disappeared from among the means of payment and binance has not given any explanation other than compliance with local and international regulatory standards, so I clearly suspect that it could be related to the United States sanctions against the Venezuelan government.
Clearly these affect all Venezuelans who operate in P2P since the Venezuelan bank is the most used in my country, although the country has more than 6 banking entities, but without a doubt this is a great setback for us.
| Source of the information: |
|---|
 |  |
|---|
Thank you, friend!
I'm @steem.history, who is steem witness.
Thank you for witnessvoting for me.
please click it!
(Go to https://steemit.com/~witnesses and type fbslo at the bottom of the page)
The weight is reduced because of the lack of Voting Power. If you vote for me as a witness, you can get my little vote.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Link Twitter
https://twitter.com/joel_jai1/status/1696399778899259484
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I don't really trust the news made by the big media or the big financial institutions.
Try to see the dominance of the movement of the DXY or dollar indexes. very bullish, and the impact is negative for pairs that are against the USD, including crypto assets, stocks, and commodities.
but thanks for sharing this news.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Please try using a word count guide of 500 to scale the quality of your post before uploading.
We need a more quality post in our community
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit