JUST IN: 🇺🇸 US administration is eyeing ways to give $2,00 | THE MARKET UPDATES on Binance Square

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THE MARKET UPDATES

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JUST IN: 🇺🇸 US administration is eyeing ways to give $2,000 dividend / Stimulus checks without congressional approval.

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Another macro headwind to watch: Japanese government bond yields are moving in a straight-line higher. Since news emerged that Japan is considering launching $110 billion in stimulus, their 40Y Government Bond Yield has surged to a record 3.77%. Japan’s story has nothing to do with AI. It’s a reminder of where the US is heading if we do not resolve our deficit spending crisis. Don’t stop talking about deficit spending.

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🚨 BREAKING TETHER JUST BOUGHT THE DIP WITH $1 BILLION. FOR THE FIRST TIME EVER, THEY USED 1,000,000,000 $USDT FROM THEIR OWN TREASURY TO BUY $BTC

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U.S. Stocks are acting like altcoins Market opens vs. Market closes

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The crypto collapse: On October 6th, just 45 days ago, $BTC hit a record high of $126,272, worth $2.5 trillion. Then, something "mechanical" seems to have shifted on October 10th, after President Trump threatened 100% tariffs on China. Not only did this lead to the record -$19.2 billion liquidation, but Bitcoin never truly recovered. Even when the October 30th trade deal was reached between the US and China, liquidation pressures only worsened. Then, since November 10th, Bitcoin has moved in a literal straight-line lower with average daily liquidations nearing $1 billion. Throughout the course of this 45-day bear market, crypto has seen little to no bearish fundamental developments. We continue to believe this is a mechanical bear market driven by excessive levels of leverage and sporadic liquidations. The market is efficient. It will iron itself out.

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A few possible reasons behind $BTC dump: ➡️ DATs selling to buyback shares ➡️ A few big entities exiting the markets after October 10th liquidation cascade ➡️ Another round of Yen carry trade loading ➡️ Low odds of rate cut next month Any other credible reason?

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