#Trump , Signed the Executive Order to establish a Strategic #Bitcoin Reserve (but this is just a stock) Trump signed an Executive Order to establish a Strategic Bitcoin Reserve The reserve will be funded with Bitcoin that is owned by the federal government and obtained through criminal or legal asset forfeiture processes. Will not sell the Bitcoins deposited in the US reserve. The Treasury and Commerce secretaries are authorized to develop budget-neutral strategies to acquire additional Bitcoin. The Executive Order establishes a digital asset stockpile in the US. The government will not acquire additional assets beyond those obtained through forfeiture. These details indicate that this is a 'stock' rather than a reserve. Pumping Crypto kids argue that a 'reserve' would mean government crypto purchases, while a stock refers to crypto obtained through situations like the above, obtained through 'criminal or legal asset forfeiture processes', but that's not the case, it's a negative step rather than a positive one. $BTC
If you read between the lines of #Trump 's statement on the bitcoin strategic reserve over the weekend, it's not clear what exactly changed in the statement. Trump's executive order has already been issued, and it's not clear whether Trump has the authority to create any reserves that Congress has not funded. Those outside the crypto market completely hate the idea of a strategic#cryptoreserve, and cryptocurrencies who are open to the idea of a strategic reserve think the reserve should be just bitcoin. I'm guessing this Trump request won't happen because Congress won't approve it, or it will be reduced to just bitcoin. However, I expect to see more declines in $SOL , XRP, and ADA in the coming days. $BTC is also at the 86500 pivot point, if it breaks there, it could even drop below the 79000 level as soon as possible.
At the White House, President Trump will host the first Crypto Summit on March 7th, next Friday, with the participation of CEOs, investors, and members of the Presidential Working Group on Digital Assets. The White House Crypto Summit will be the first in a series of conferences designed to replace the previously proposed 'crypto advisory board,' allowing the Digital Assets Working Group to collaborate with the industry in policymaking. $BTC
Michael Saylor, the $BTC fan, saw his company MicroStrategy decline by 11% today. The chart is at an important support level around 250, and if it breaks, it has the potential to drop to 180, but if it bounces back from here, it could breathe up to the 350 level. MSTR's weak appearance naturally has a negative impact on cryptocurrencies as well. The large firms that have almost monopolized Bitcoin like MicroStrategy are experiencing some payment difficulties, which directly affects the crypto markets. MSTR repurchased over $1 billion of convertible bonds at a base of $147 per share. Many institutions cannot hold the stock and have to sell. When they do this, the stock price comes under pressure - along with Bitcoin. Then, they reload and repeat the cycle, simply securing a lower cost basis than they would have if they had held on to it. This kind of financial engineering creates a 'virtuous' cycle until it collapses.
Lawmakers press to enact crypto laws within Trump's first 100 days
Congress will introduce legislation on stablecoins, a cryptocurrency that is backed by the U.S. dollar and has less volatility, within the first 100 days of the Trump administration, a group of lawmakers said Tuesday. Why it matters: The Trump White House has taken the friendliest approach to the crypto industry yet. Republican lawmakers, who have full control of Congress, will likely take the lead in setting rules for the largely unregulated industry.
DONALD TRUMP CONSIDERING 10% TARIFFS ON EU IMPORTS
A source close to Mr #Trump ’s administration said there was no broad consensus but “some want to impose a 10% tariff on the EU.” “They are considering imposing it on all imports from the EU.” A second source told The Telegraph: “Trump is testing the waters with Canada and Mexico and seeing what he can do.” $BTC
White House economic council director says he will decide what to cancel and what not to cancel Remarks from White House Economic Council Director Kevin Hassett We realized Mexico was "serious" about Trump's executive order Canada apparently misunderstood the language Trump gave Canada and Mexico enormous leverage The results are likely to be positive for everyone
-- The language here seems to dictate that there is room for negotiations before the tariffs go into effect. But time is an issue here, with less than 24 hours left until tomorrow's deadline. 87075923588
#Trump Mexico has imposed tariffs on Canada and China President Donald Trump has imposed tariffs on imports from Mexico, Canada and China. Trump has long supported tariffs as a tool to negotiate demands from trading partners, including longtime U.S. allies U.S. President Donald Trump is advancing long-threatened import tariffs on goods from Canada, Mexico and China. On Saturday, Peter Navarro, the Trump administration’s senior trade and manufacturing adviser, confirmed that the president is imposing a 25% tariff on imports from Mexico and Canada and a 10% tariff on China. A lower 10% tariff will be imposed on energy supplies from Canada. Tariffs are taxes on foreign goods paid by U.S. importers. Economists are generally opposed to tariffs, arguing that they lead to higher prices for domestic consumers. But Trump has long supported tariffs as a way to negotiate better deals with U.S. trading partners, protect domestic industries from foreign competition and generate revenue. In the Oval Office on Friday, Trump said the decision to impose tariffs on goods from Canada, Mexico and China was “purely economic.” He cited U.S. trade deficits with the three countries, but also pointed to fentanyl, accusing all three of being complicit in the spread of the deadly opioid in the U.S. Trump later vowed to impose new or additional tariffs on numerous other categories of foreign goods, including microchips, oil and gas, steel, aluminum, copper and pharmaceuticals, including “any kind of drug.” Trump later said he would “absolutely” impose tariffs on the European Union. $BTC
In 2017, when the first term of #Trump started, it threatened the whole world with tariffs, that is, customs duties, and a turbulent period was experienced, this situation increased inflation in the world. Gold and $BTC were also demanded as protection against inflation at that time. However, when Trump announced new tariffs during this term, bitcoin and crypto markets reacted in the opposite way, that is, they reacted with a decrease against the possibility of tariffs increasing inflation. This first reaction became a reference movement for traders and markets for the possible direction. I think the reason for this is that the US now dominates the crypto markets more, previously China and Asia dominated. Both etfs and large companies adding bitcoin to their portfolios were factors in this, you decide whether it was good or bad. Turbulent days are on the way, still, 100000 important support for bitcoin is working for now.
#Trump is expected to sign the tariff order soon (probably tonight). Canada was informed by the US earlier today. The US reported that it has been informed that it will impose 25% tariffs on Canada and Mexico, and 10% on China. Canadian energy will be subject to a 10% tariff. The tariffs will go into effect on Tuesday and will remain in effect until the fentanyl overdose "issue is resolved." The Canadian Cabinet is expected to meet at 11:00 PM ET and issue a response at 2:00 AM ET. Meanwhile, Mexican President Claudia Sheinbaum said on January 29, "We don't think that's going to happen" regarding the tariffs. Trump has not said anything about the tariffs on air or on social media so far. He is currently in Florida. $BTC
I drew attention to the formation formed when Luna Classic was at 10600 on December 30, 2024, and said that the target would be 6947, $LUNC started a downtrend after that date and reached 7044, and fell by about 33%. I think this is enough. Luna Classic seems positive in the short term right now and in my opinion, it has given an upward signal at 7742. The target could be 9229. We can update the target according to the development.
When it pulled back a little from the 4090 level in #ethereum , I drew attention to the possibility of a double top, that is, the possibility of a decline, you can see in my old messages, indeed, it made a serious decline from there to the 2924 level, I always drew attention to 3200, the markets tried very hard not to close below that rate and managed to stay above it. In my opinion, the next target in $ETH will be to try to break the peak of the double top, 4097, after the daily close above 3497, when I did this analysis, the coin was at $ 3312.
$BTC I stated that I expected it to see 87000 when it was at the 102000 level, but it saw 89000 and from there it jumped back above 100000 and from now on I stated that it will not see the 100000 level below the daily closing. If you notice in the chart, there have been purchases before a 20% decrease, this was the most important sign that the bear market will not be allowed. Bitcoin's current target appears to be 110000, it is currently trading at 105300.
Why can't Lunc be $1 with a supply of 6.50 trillion? Let's do the math;
Total market value of crypto markets as of today: $3,420,000,000,000 ($3.42 Trillion)
Total market value of $BTC as of today: $2,003,000,000,000 ($2.03 trillion) Current price: $102500
Total market value of $LUNC as of today: $415,000,000 ($415 million) Current price: 0.00007500
If Lunc were $1 today, the total market value would be $6,500,000,000,000 ($6.50 trillion), which would require an inflow of almost twice the total value of all crypto markets.
If, as I predict, crypto markets reach 10 times the market value in the future, that is, if there is 10 times more money inflow than today, if we distribute proportionally to cryptos, crypto currencies will be shaped as follows:
Total market value of crypto markets: $34,200,000,000,000 ($34.20 Trillion)
Total market value of Bitcoin: $20,030,000,000,000 ($20.30 trillion) Probable estimated price on that day (proportional) according to money inflow: $615,000
Total market value of Lunc: $4,150,000,000 ($4,150 billion) Probable estimated price on that day (proportional) according to money inflow: 0.0007500
Of course, if there are positive developments that we cannot foresee in the future, it will have positive effects in a different way, but the This is exactly the situation in the conjuncture. Coin inflation in Lunc is worse than Venezuelan inflation. Without adopting disinflationary approaches, the current situation will continue to be a problem.
Today at 22:00 (19:00 GMT) the #Fed interest rate decision will be announced. Expectations are that interest rates will be kept constant at 4.25% - 4.50% with a 99.5% expectation rate, which will be the least uncertain interest rate decision compared to the meetings in recent months. What is important will be the forward-looking guiding speech of Fed Chairman Jerome #Powell .
As of today, $LUNC , a total of 400 billion units have been burned in the 32 months since May 2022. Considering that the total supply was 6.91 trillion at the time of the collapse, a burn of close to 6% has occurred during this time with the support of Binance.