2024-02-01

Author

Paul Fulbrook
February 01, 2024

Howdy folks,

📉 Bitcoin took a nosedive below $42K as the Federal Reserve maintained a hawkish stance, indicating no imminent rate cuts in Q1. Fed Chair Jerome Powell's skepticism towards lowering interest rates led to a downturn in the crypto market, reflecting concerns over tighter monetary policies 🏦💔.

Im Fine Jennifer Aniston GIF by Apple TV+

In other news:

🎥 Ben ‘Bitboy’ Armstrong is stepping away from daily crypto livestreams, citing financial inviability amid ongoing legal and personal challenges. Armstrong's departure marks the end of an era for his followers and underscores the financial strain from his legal disputes with a former company 🚫📺.

🚀 A Bitget survey reveals that 84% of crypto investors anticipate Bitcoin soaring past its all-time high post-halving. With ambitions set between $50,000-$100,000 and some even eyeing $150,000+, the crypto community remains bullish, planning to bolster their portfolios in anticipation of this milestone event 🌕💸.

💰 Tether ends 2023 Q4 on a high note, with profits reaching $2.85 billion and USDT reserves hitting $5.4 billion, marking a record year. Despite its financial success, Tether's USDT faces scrutiny as a significant facilitator in financial cybercrime, highlighting the complex landscape of stablecoin operations and regulatory challenges 🔒💵.

DailyCoin Daily Meme

Bitcoin Will Claim ATH after Halving, Investors Tell Bitget

Cryptocurrency investors worldwide are holding their breath for the next big trade and a seismic event in Bitcoin’s digital DNA: the upcoming halving.

Tether Profits at All-Time High, USDT Reserves Hit $5.4B

Tether recorded nearly $2.9 million in 2023 Q4 profit and an all-time-high USDT excess reserve at over $5 billion. Read more on DailyCoin.

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Dogecoin Hits All-Time High In Newly Registered Wallets, But Why Does DOGE Price Lag Behind?

Dogecoin $DOGE tackles a new audience with a tsunami of crypto holders getting on board.

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DISCLAIMER: The content provided does not constitute financial advice. This newsletter is purely educational and should not be considered as investment advice or a recommendation to buy or sell any assets or make any financial decisions. Please exercise caution and do your own research.

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