Crypto News: ETH Rally, Twitter Takeover, Meta Meltdown & More!
It's been an interesting week in the crypto market hasn't it?
As always, I'm here to give you the lo down with my weekly crypto review. I think the biggest headline that nobody heard about was the volatility in the US dollar and its effects on markets.
At the same time, there's lots of anxiety about the Federal Reserve's upcoming press conference. On Wednesday we will know how much the Fed is planning on raising rates, and when you couple this with a low balance of BTC on exchanges, you get lots of volatility.
One thing I forgot to mention was all the explosion in crypto speculation when it was announced that Elon had officially acquired Twitter. This continued speculation is arguably proof that the crypto bear market bottom isn't in yet. Food for thought.
⛓️ 🔗 Useful Links 🔗 ⛓️
► Dollar Decline Driving Market Rally: https://www.cnbc.com/2022/10/25/jim-c...
► Core Scientific Out Of Cash And BTC: https://cointelegraph.com/news/core-s...
► Rostin Benham Says ETH Is a Commodity: https://fortune.com/crypto/2022/10/24...
► Zuckerberg Net Worth Collapses: https://www.bloomberg.com/news/articl...
► Elon Fires Executives: https://www.cnet.com/news/social-medi...
📜 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.