From The Ashes

Inflation is higher than was forecast (6.4%, expected 6.2%). The market expects that there could be three more 0.25 points increase in the next upcoming meeting. 👀

This means that inflation is still not done, and there are still uncertain times ahead of us. The crypto assets are still risky to go in. Patience 🤞

I am cautious with $BTC and $ETH , staying in the $USDC for now.

FOMC- 25 bases points- as the market expected, a $BTC made a little move up to 24k. The general takeaway from Powell's speech is that even the inflation is improving, there is still a risk that inflation is not cooling off as expected. Therefore, FED will follow the hawkish position until the data show more certain inflation cooling off. 

On Friday, the US job unemployment report will be published, which can get us some information on the market's short-term path. A low percentage could have a positive influence on the market. The high could indicate that recession is ahead of us.

Inflation is still in place. 14th of February comes another Consumer Price Index report. This could indicate where we could be heading and what we can expect the FED to do in March 2023 to raise the rate. The current market expectation is 85% for another 25 base points. 🤔

The big tech company will publish a business report this week. There is a lot of debate about that, but I feel there will be no significant surprises. META released the report today, and it was not bad as expected, and we saw a spike in value per share by 15%. 👀I am expecting a similar one for Amazon and Google. No drama yet, but let's see👀. With this current spike, a lot of money is sucking back to the market, but "if" the recession comes, we will again see lows, and investors could get rekt. 

Short term, my prediction was wrong, but I will stay on the path as stated in the begging. Staying caution. I am a long-term bull for $BTC and $ETH , but I learnt from the past that patience is the key. Staying in $USDC for now.

$BTC does not need banks, but banks need Bitcoin.

The European Union has recently implemented new rules regarding the amount of Bitcoin and other cryptocurrencies that banks can hold. Banks are now limited to holding a maximum of 2% of their capital in these assets. Some temporary exceptions are granted to give banks more time to adjust to the new regulations. These new rules come after previous warnings from the BIS Basel Committee advising banks to limit their cryptocurrency holdings to 1% of their total assets. $BTC

So, before 1%, now 2%, soon 5%,10%?👀

But our position is still the same in regard to the strategy. We missed some gains, but I am waiting for more market clarity. ATM, there are really some strange movements on the market. Staying in $USDC and waiting for what will happen in the stock market in the next weeks.

https://www.reuters.com/article/usa-cryptocurrency-idUSFWN3431GK 👀🤔

LIVE: https://www.justice.gov/live

In the picture is the personal saving rate in the US. Based on the graph, Americans are running out of money.  👀 . 

That low was between 2006-07, before the crash. 🤔

I am not assuming this will happen again, but I am patiently waiting to enter the market.

Stay patience. I think ahead of us in another excellent opportunity to enter the market once in 2023. $BTC $ETH $USDC