@d12321 19 August 2023

#end of the week Summing up the results of the week with an emphasis on the most relevant events in the cryptocurrency and financial world. To support a new rubric, press - 🐳 💎 Cryptocurrencies 1️⃣ Bulk Bitcoin FUD has posted a price of $25k. The spring, beloved by traders, has been compressed for a long time, and due to the flow of allegedly negative news, it was the bears who managed to unclench it. BTC really needed a correction: buyers simply didn’t have the strength to go above $30k. But now it is important not to give all the initiative to the sellers, otherwise we risk getting stuck in the flat $27k-$20k until winter 🤔 2️⃣ Coinbase received permission from the CFTC to trade crypto futures. Looks like fun: while the SEC accuses Coinbase of violating the law for operating without a broker's license, the CFTC gives them the right to trade cryptocurrency futures. Coinbase users are already waiting for the ability to quickly merge a deposit with leverage on futures, and the SEC has received another slap in the face 😁 3️⃣ The court allowed the SEC to file an appeal in the case against Ripple. Is it for another 2 years or will they figure it out faster this time? Why did the court take the side of the regulator this time? Perhaps for the reason that Ripple has not been able to prove its innocence before, but the lawyers caught on to a number of inconsistencies in the law and partially won the case due to them. Will they be able to do it a second time... 🧐 🪙 Financial news 1️⃣ The minutes of the Fed meeting have been published and there was nothing unexpected: inflation is still strong, a new rate increase may be required, we promise a soft landing, and we are waiting for a very slow growth of the US economy in 2024. Formally, the S&P 500 is in a correction while maintaining an uptrend. But it may break if the USD continues to strengthen and inflation is confirmed to turn upward in early September 🙃 2️⃣ The ruble broke through 100, but then strengthened below 94 for $1. The Central Bank, the government and the Ministry of Finance show what great fellows they are, and the media are trying to keep silent that even after local strengthening, the ruble has lost 30% since the beginning of the year. The fact that the rate was brought down simply by selling foreign currency without imposing restrictions on the withdrawal of capital from the country suggests that it was more of a political action and it's time to get used to the dollar at 90, or maybe 100 😳 3️⃣ China has decided to make statistics on youth unemployment closed, they promise to open it after changing the calculation methodology. So China is faced with an age-old problem, when it's not a bad economy, it's just that statisticians do not know how to calculate correctly. Interestingly, in China, financial bloggers and the media have been banned from speaking badly about the economy. Either good or nothing. And before the introduction of negative growth is not far 🤷‍♂️