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Crush Crypto Core
Looks like US is raising its debt cealing. Money printing will eventually make a comeback. $BTC
In theory all the discussion about the US debt ceiling should be supportive for crypto, but at the moment we do not see much in terms of price increase. My take is that with higher yields and economic woes, people are still pulling money from DeFi and not all of it is reinvested in inflation resistant coins like Bitcoin, Litecoin, Dash and the likes. Lets see in the next days and weeks if things change.
Bitcoin printed a nice bounce, maintaining the double-bottom pattern in play. While it's premature to draw any firm conclusions, we're observing the formation of a volatility squeeze, indicating a substantial move is most likely on the horizon. Given the reopening of trading in Hong Kong, we're leaning towards a break on the upside🤔 $BTC
CZ (CEO of Binance) shared a tweet showcasing the Web 3 whitepaper from Beijing's government tech committee. It appears that China might join the crypto sphere eventually👀