Momentum Shifted Towards Bullish Trend!!! How?
A report from the Financial Times on April 22 says that a group is going to create a new company called 21 Capital, which will get 3 billion in Bitcoin from various companies. Tether plans to give 1.5 billion, while SoftBank and Bitfinex will contribute 900 million and 600 million, respectively. The goal of this new venture is to provide investors with a way to invest in Bitcoin directly, similar to how a previous strategy helped gather over 530,000 BTC for 36.4 billion, even though the value has decreased by 20% since its peak in November.
Brandon Lutnick is leading this project. He is the new chair of Cantor Fitzgerald and the son of U.S. Commerce Secretary Howard Lutnick. Brandon Lutnick aims to place 21 Capital in the middle of what supporters believe will be a new surge in the crypto market during the Trump administration. This deal is expected to be announced in the next few weeks.
Cantor Fitzgerald has worked with Tether before, helping with its 775 million investment in the video-sharing site Rumble.
Paul Atkins, the new chair of the Securities and Exchange Commission, is expected to speed up rules and policies that support crypto growth.
Still FOMC Meeting is pending...
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