🚨 Hawkish Fed Has Bitcoin Market Feeling Most Fearful in 3 Months
The Bitcoin market is experiencing its strongest bias for downside protection in three months, driven by hawkish remarks from the Federal Reserve. Following a recent interest rate cut, Chairman Jerome Powell expressed caution about future easing, which has dented bullish sentiment among traders. Data shows that put options are trading at their highest implied volatility premium relative to call options since September, indicating heightened demand for downside protection.
As Bitcoin prices dropped from around $105,000 to under $99,000, traders have been scrambling to hedge their positions. The Fed's projections now suggest only two rate cuts for 2025, down from earlier expectations, contributing to a negative sentiment in the market. Currently, Bitcoin is trading around $101,200, trying to recover from earlier losses.
Investing in crypto be like: 🪙🚀You dip your toes in, test the waters, and see some gains. 💵🔥Then the market whispers, “What if you go ALL IN?” 😏Next thing you know, 🚨 it’s a rollercoaster ride straight to Wreck City. 🎢💸Lesson learned: The market always wins when you let emotions lead. Stay smart, stay balanced! 🧠💡#CryptoJourney2024 #InvestingHumor #CryptoLife #BitcoinMemes #TradingFails #CPI_BTC_Watch #MarketLessons #CryptoTrading
🚨 Derive Protocol Crosses $100M in Value Locked as Bitcoin Whales Make Waves in Options Trading
CoinDesk reports a surge in demand for cryptocurrency derivatives, particularly on the decentralized finance (DeFi) platform Derive, which has seen its total value locked (TVL) exceed $100 million. This growth aligns with record trading volumes and active traders, with Derive also reaching an all-time high in notional volume of $369 million and 5,416 monthly active trades. The platform offers a range of products, including options, perpetuals, and margin trading.
📢 Bitcoin's recent price correction has been linked to the announcement of Google's Willow quantum computer, which some believe could threaten cryptocurrency security. However, experts refute this notion, stating that:
- Google's Willow chip has only 105 qubits, far below the estimated 13 million qubits needed to compromise Bitcoin's encryption.
- Bitcoin developers are already working on making the cryptocurrency quantum-safe.
- If quantum computing becomes a viable threat to Bitcoin, traditional banking systems would also be at risk.
- For Willow to pose a real threat, it would need to be affordable and widely accessible, which is unlikely given the current market, as seen with the availability of NVIDIA's H200.
📢 Giant Company Announces $500 Million Bitcoin (BTC) Plan!
Riot Platforms has announced plans to issue $500 million in convertible senior notes, following MicroStrategy's strategy of raising funds to acquire Bitcoin (BTC). The notes will be due in 2030 and proceeds from the offering will be used for purchasing Bitcoin and covering general corporate expenses.
An additional $75 million in notes may be issued if the initial purchasers choose to exercise their option. The notes will be unsecured and convertible into cash, stock, or a combination, with specific terms set at pricing. The offering will target qualified institutional buyers under Rule 144/A of the Securities Act.
🚨 Elon Musk Made a New Post About This Memecoin, The Price Started to Rise!
A new post came from Tesla CEO Elon Musk, who has influenced the market and the relevant cryptocurrency with his posts and statements. At this point, Elon Musk shared the image of the popular memecoin PEPE
Elon Musk, known for his support of Dogecoin (DOGE), shared a quote and an image about PEPE on X, which includes the phrase “Make a funny Pepe meme about making Pepe memes.” After this sharing, the PEPE price moved upwards.
🚨 U.S. Regulator Told Banks to Avoid Crypto, Letters Obtained by Coinbase Reveal
In 2022, the Federal Deposit Insurance Corp. (FDIC) halted or prevented numerous U.S. banks from engaging in crypto banking activities, as revealed by internal communications obtained through a lawsuit by Coinbase. The documents show that the FDIC explicitly instructed banks to pause all crypto-related activities until further notice, citing the need for compliance clarity.
Coinbase's Chief Legal Officer, Paul Grewal, argued that these letters provide concrete evidence of a systematic effort by
💎 Amazon Shareholders Push for Minimum 5% Bitcoin Allocation
Amazon shareholders are advocating for the company to diversify its reserves by investing in bitcoin (BTC) to combat inflation and enhance shareholder value. A proposal from the National Center for Public Policy Research (NCPPR) argues that while bitcoin is volatile, including it in Amazon's balance sheet could help maximize long-term shareholder returns without excessive risk. The proposal suggests that Amazon should consider holding at least 5% of its assets in bitcoin.