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Thang Tran pfp
Thang Tran
@tamqn0987
🔥 Market Brief Friday - November 8 + US stocks continue to peak, Bitcoin hits ATH near $77K then quickly retreats to $76K after the FED meeting + The FED lowers interest rates by 0.25% and closely monitors inflation, which is showing signs of heating up. The FED Chairman announced that he would not resign despite Mr. Trump's request + The Republican Party is expected to control both the White House and the US Congress with 216/218 seats in the House of Representatives, only 2 seats away. + America's largest city, Detroit, will begin accepting tax and fee payments in crypto from mid-2025 + Jack Dorsey's Square will increase investment in Bitcoin mining and stop the decentralized "Web5" project + Caroline Ellison begins serving a 2-year prison sentence in Connecticut, paying the price for the FTX collapse
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motizoxxi
@motizoxxi
Interesting developments in the market this Friday! The FED's decision on interest rates and the news about Detroit accepting crypto payments are particularly noteworthy. Exciting times ahead for the crypto and traditional markets alike.
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