🔥 Weekly Results: SEC Retreats, BTC-ETFs Rise, and the Lira Falls! 🔥
It has been a hot week – inflows into Bitcoin ETFs are recovering, the SEC is dropping claims against Ripple, and the Fed is holding the rate steady. What does this mean for the crypto market?
💸 Cryptocurrencies
📍 BTC-ETFs – six consecutive days of positive inflows! But institutions have not yet increased their positions enough to reflect this in the price.
📍 Ripple vs SEC – the SEC withdraws its appeal, the CEO of XRP dreams of a US crypto reserve and a possible ETF launch.
📍 SEC: PoW coins are not securities. BTC is already free, now we’re waiting for the green light for new ETFs?
💵 Finance
📍 Fed unchanged – rate at 4.25-4.50%, but Trump’s pressure for a cut is growing.
📍 Turkey in shock – emergency rate hike to 46%, the lira falls by 10% after the arrest of the mayor of Istanbul.
📍 Japan and FUD – a possible rate hike could shake the crypto market if the scenario from the summer of 2023 repeats.
❓ What do you think, is the market already heating up for a new rise or is there still a correction ahead? 🚀👇