Crypto News: ETH FUD, BRC-20, Meme Coins, Debt Ceiling & MORE!
Hey Guys,
If you thought that last week was crazy, you haven’t seen anything yet. This week we’re likely to see a continuation of the same crypto and macro factors that moved the markets, and by moved I mean crashed.
Most of the recent volatility is due to a deadly combination of low liquidity and lots of liquidations. This means that any moves to the upside or downside are likely to be more extreme, and there are lots of catalysts for this.
One catalyst to keep a close eye on is the debt ceiling. The mere prospect of a default could result in double digit declines – it’s what happened in 2011. It could have a particularly profound impact on crypto via stablecoins.
This is a weekly crypto review you can’t miss!
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⛓️ 🔗 Useful Links 🔗 ⛓️
► Crypto Market Makers Exit: https://www.cnbc.com/2023/05/11/bitco...
► Bitcoin Blockchain Under Attack?: https://cointelegraph.com/news/bitcoi...
► Ethereum Suffers Two Finality Issues: https://www.theblock.co/post/230680/e...
► Authorities Investigate Terra Collapse: https://www.bloomberg.com/news/articl...
► Janet Yellen Warns Of Debt Default: https://edition.cnn.com/2023/05/11/ec...
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📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
