Jerome Powell and the FED come in with a 50 basis point hit to slow down the market even further expect crypto markets to reverse in red candlesticks to lead the way I’ve got an economic report that came out today that said hey the economy is Cooling and that puts Even more pressure on JP and the FED to go to that 25 basis point hit let’s talk about crypto news and xlm price action happy Friday everyone you made it to the weekend Bitcoin sitting at 22912 ether 1580.I would like to see Bitcoin at 23 and ethic 1600 when we approached that February first date broader look across the market sees a lot of red there but it’s only down by about one to two percent last 24 hours like I said Market is moving sideways based on anticipation from Jerome Powell in the fed all right the White House seeks public opinion on Crypto policy do you really want to ask for that White House the White House Office of Science and Technology policy is seeking feedback from the public that will go towards the development of a cryptocurrency policy according to the entity public opinion on the matter will be key in identifying critical focusers And researching and developing cryptocurrencies this was all said in a journal January 26th I’ve got that for you so if you want to let the Federal Register of the Daily Journal the United States government know how you feel about crypto policy regulations well I’ll have that Linked In the description Below if you really do want to share your opinions with the government make sure you read this through because there are some specifics you have to put in there when you respond to their inquiry here’s why polka dot is not a security according to the web 3 Foundation the Paper however stated that there were steps development teams could take in order to make their projects not function as security should this be desired in the view of the web3 foundation dot does not match the criteria necessary to be considered a security request a review from the SEC On the matter when contemplating the launch of the polka dot Network there was no intention to issue a security we always thought as vertical agnostic use case agnostic coordinating software okay not a security but it said software that companies can build on and here’s the tweet from them polka dots native token Diet it always has been coordinating software following an announcement on dot morphing into a non-security read the thread below to learn how dot was able to morph what the polka dot is and the primary goals of the network this is a 13 segment tweet because as always any Article you see in this video will be linked in the description below you are welcome to read it Americans are spending less and that’s a good thing for xlm holders out there Americans are spending less and it’s cooling down the economy just as the FED intended when The FED is raising rates they’re raising rates to make money more expensive to cool or curb consumer Demand right we’ve got supply and demand issues since we’re not fixing supply chain related stuff the fed’s got to come over here and squash the demand side the more you raise rates the faster it squashes Demand and appears that it’s working the federal reserve’s preferred inflation gauge East further in December and consumer spending fell the latest evidence that the FED series of interest rate hikes are slowing the economy and it’s working Friday’s report from the Commerce Department showed that Prices rose five percent last month a year Earlier down 5.5 from year over year increase in November that was a third straight drop very important consumer spending fell 0.2 percent from November December and was revised lower to show a drop of 0.1 from October to November so spending slowed even further than what initial reports said so again maybe Those big 75 and 50 basis point hits from the FED are actually working last year holiday sales were sluggish for many retailers and the overall spending figures for the final two months of 2022 were the weakest in two years again as the economy slows that’s less pressure On the FED to drop big rate hikes of 50 basis points now my thinking is this and we’re going to get into xlm talk here soon my thinking is this I’m still understanding why they would do a 50 basis point hit and that has to do with The chat Chinese economy opening up with Demand right all those consumers in there now leaving the country right spending money in other places that would up the demand without the supply being there so that could really mess up the whole supply and demand metric that The FED has been looking to curb now if they go too aggressive right if they go 50 and it’s not needed right they kind of over correct that could slow the growth of the US economy long term even worse than what we could be dealing with in terms of inflation impact wise I Think this decision right here is probably the one that’s the most 50 50 right now between a 25 and 50 basis point hit like I said earlier 25 bases one hit would allow xlm to continue moving green a 50 basis point hit would pull the crypto Market back on down Stellar joins the cftc committee now remember you’re going to hear a lot about Stellar in the news as they join the cftc’s global market advisory committee specifically focusing on stablecoin usage in the web 3 crypto world going forward a lot of exposure Stellar is going to be happening and That exposure is positive for excellent holder so now let’s get into the price action oh boy are we getting close to the juice this line right here is the announcement time for Jerome Powell and the fed and like I said we need to be above that nine Cent Mark when we hit it And the reason why is the last time we had that announcement they were below that nine Cent Mark and they lost some of the momentum trying to cross that nine cents right trying to breach it okay because remember with xlm right now we have to be very careful ceiling of Nine cents can easily become the floor if we go above it and stay above it for a few days so far we have stayed above it for a few days we had one move here on the 25th where we went sub nine but went right back up but again we’ve seen The near-term resistance at 9.5 if you get a 25 basis point hit and this is my opinion you’re going to go past this 9.5 and start moving on to the double digits at tens the last time xlm hit that double digit sustain of 10 it rallied Right past that and went to 20 cents had a 100 ramp up in less than a couple weeks the last time this happened you would have to zoom out quite a bit to get there but you can see right now we are holding where we need to be above That nine Cent Mark I would like to see volume A Little Bit Stronger as well but a lot of trading is going to be put on pause until February 1st with Jerome Powell in the FED but as of right now we are in good position to be above that Nine Cent Mark for February 1st so you got dot out there saying hey we’re a software not a security SEC get off our backs I wonder what other crypto companies out there are going to do the same especially if the SEC gives them the green light on not being a security That that would be a positive thing for the crypto Market wouldn’t it we’ve also seen consumer spending slow down quite heavily this last holiday season the lowest it’s been in the last several years so maybe Jerome Powell and the FEDS big 50 and 75 basis point hints are Actually working to slow down the market now the fed’s announcement is coming February 1st I know I’ve said it a whole bunch but these macro economic things here have been the biggest Price Movers for xlm xrp the entire crypto Market out there so make sure you hit that Subscribe button so you don’t miss out because we’re going to be live streaming it that day xlm is approaching crucial price action date time wise on that cross nine Cent or above on a 25 basis point hit will keep us going green if we get a 50 basis point look for us to Reverse and test on back down to that eight Cent Mark a lot of this is hinging on that 50 or 25 basis point hit of which you should let me know in the comments below which do you believe Jerome Pyle and the FED are going to do A 25 or a 50.now until more news breaks I’m going to continue the cardio action leave you with this video right here crypto web 3 algorithmically based design Just For You by YouTube so until more news breaks you cool cats have a great rest of your day Today’s video will focus on Jerome Powell and the FED and their Feb 1st rate hike decision.The last time we saw Stellar Lumens XLM break past 10 cents it rallied quickly to 20 cents posting 100% gains in a short time period.
Are we setting up for the same event? Polkadot DOT is out there trying to prove they aren’t a security to the SEC, will it work? #cryptoforeveryone 🚨ARTICLE LINKS🚨 read://https_finbold.com/?url=https%3A%2F%2Ffinbold.com%2Fthe-white-house-seeks-public-opinion-on-crypto-policy%2F https://www.federalregister.gov/documents/2023/01/26/2023-01534/request-for-information-digital-assets-research-and-development read://https_cryptopotato.com/?url=https%3A%2F%2Fcryptopotato.com%2Fheres-why-polkadots-dot-is-not-a-security-according-to-the-web3-foundation%2F https://twitter.com/Web3foundation/status/1618550186166620161?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1618550186166620161%7Ctwgr%5E029f0e77bcf3d432e21edb309ae4183d8ae9627e%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcryptopotato.com%2Fheres-why-polkadots-dot-is-not-a-security-according-to-the-web3-foundation%2F read://https_fortune.com/?url=https%3A%2F%2Ffortune.com%2F2023%2F01%2F27%2Finflation-consumer-spending-falls-december-report%2F read://https_cryptodaily.co.uk/?url=https%3A%2F%2Fcryptodaily.co.uk%2F2023%2F01%2Fstellar-joins-cftc-committee Let’s be clear here, what happens to Bitcoin BTC affects the entirety of the crypto market including XLM, XRP, ETH ETC 2022 will have so many big events for Stellar XLM and Ripple XRP..With ETH and BTC dealing with gas fees, XLM and XRP don’t have the same concern.With DEFI and CBDC being big on the crypto radar this video will fill those needs.Yes, we go deep and organic and bring you the juicy bits related to STELLAR.
#Stellar #crypto # xrp #eth #lumens #XLM #finance #trading #btc #XRP #DEFI #CBDC #ripple #scam #scamtoken #litemint #NFT #NFTART #nftart #stellarnft #xrpripple #ripplexrp #crypto #stellar #LumensXLM #altcoin xrp news today XRP news today XLM news today Big thank you to the Reddit community for all the support! We cover NFT Mana Stellar XLM Lumens bitcoin blockchain DRDGOLD Gold OIL LOOM DNT VMAR RIPPLE QUANT QNT and more! This is not investment advice and is meant purely for entertainment purposes.Let’s talk stats and numbers regarding Stellar Lumens XLM and Ripple Labs XRP.Nothing related to the FED or SEC stuff, more market stats.source.
