💥 BITCOIN ROMPE los $59K y VUELVEN las COMPRAS | POWELL apunta a BAJADA de TIPOS | Noticias CRIPTO

Summary

The video discusses Bitcoin's stability above $57,000 and touches on $59,000, amidst ETF purchases and Germany's Bitcoin liquidation. It highlights a significant U.S. Congressional vote on cryptocurrency accounting and the potential for more financial institutions to offer crypto services. The script also covers BlackRock's tokenized fund surpassing $500 million in assets, MetaMask's new tool for Web 3 adoption, and market reactions to Fed Chair Powell's remarks. It concludes with a focus on Bitcoin and Ethereum's price movements, potential short squeezes, and the impact of global economic events on various markets.

Takeaways

• 📈 Bitcoin remains stable above $57,000, touching $59,000 at one point, indicating strong support in this zone and attracting buying into Bitcoin ETFs.
• 🔒 The US Senate committee is examining the use of blockchain for defense and supply chain management, exploring blockchain's potential to enhance security, efficiency, and transparency in critical sectors.
• 🗳️ A significant vote in the US House of Representatives could overturn President Biden's veto on a bill that would allow companies not to register crypto assets as liabilities, potentially encouraging more financial institutions to offer crypto services.
• 💡 Positive inflows continue for Bitcoin ETFs, with BlackRock leading the charge, suggesting a counterbalance to German government Bitcoin sales.
• 🇦🇺 The Australian Securities Exchange is set to list its second Bitcoin ETF, 'Digital X', starting trading on July 12, expanding investment options.
• 🏦 The German government remains active in moving Bitcoin, with nearly 6,000 BTC transferred yesterday, suggesting potential sales of their remaining $1.4 billion in Bitcoin holdings.
• 🤔 Speculations arise that the Chinese government may also have been selling part of its Bitcoin reserves, although the exact status of their holdings post-confiscation in 2020 remains unclear.
• 💼 Invesco and Galaxy announce a management fee of 0.25% for their Ethereum ETFs, slightly higher than VanEck's, indicating a race for lower fees to attract a broader range of investors.
• 🏦 BlackRock's tokenized fund 'BUILD', based on the US Treasury bond, surpasses $500 million in AUM in just 4 months, becoming the world's most valuable tokenized investment fund.
• 🛠️ MetaMask launches a new toolkit to simplify onboarding to Web 3, aiming to improve user experience and encourage broader blockchain technology adoption.
• 📊 Federal Reserve Chair Powell's speech hints at a balance between aggressive and lenient monetary policy, with inflation and labor market cooling being monitored closely, suggesting potential interest rate cuts in the future.

Q & A

What is the current status of Bitcoin's price according to the script?

The script mentions that Bitcoin has been stable above 57,000 and at one point touched 59,000, indicating a holding pattern in that price area.

What significant event is happening in the United States related to the crypto sector?

The United States House of Representatives is having a vote that could have strong repercussions for the cryptocurrency industry. The vote is about overturning President Joe Biden's veto on a bill that would allow crypto assets not to be recorded as liabilities on company balance sheets.

What is the potential impact of the vote on crypto assets in company balance sheets?

If the vote passes, it could be positive for the crypto industry as more banks and financial institutions may be incentivized to offer crypto services without having to record digital assets as liabilities.

What is the current situation with Bitcoin ETFs?

There has been positive inflow into Bitcoin ETFs, with significant purchases being made, possibly as a counterbalance to sales by the German government.

What is the German government's recent activity regarding Bitcoin?

The German government has been actively moving around 6,000 Bitcoins, suggesting that they are likely planning to sell the remaining $1.4 billion worth of Bitcoin they possess.

What news has been reported about the Australian stock exchange and Bitcoin ETFs?

The largest stock exchange in Australia has launched its second Bitcoin ETF, called Digital X, which is set to start trading on July 12th.

What speculation is there about the Chinese government's Bitcoin holdings?

There is speculation that the Chinese government may have sold part of its Bitcoin reserves, which were confiscated from Ponzi scheme operators in November 2020. However, it is unclear whether China still holds these Bitcoins or if they have been sold.

What is the significance of the BlackRock tokenized fund called 'BUILD'?

The 'BUILD' fund is the world's most valuable tokenized investment fund, having surpassed $500 million in assets under management in just four months, making it a significant development in the tokenized fund space.

What new tool has MetaMask launched to simplify the adoption of Web 3.0?

MetaMask has introduced a new toolkit designed to facilitate the onboarding of users and developers to Web 3.0, aiming to improve user experience and simplify interactions with decentralized applications.

What are the implications of Jerome Powell's recent statements on the Federal Reserve's interest rate policy?

Powell's statements suggest a cautious approach to interest rates, with the Federal Reserve monitoring both the cooling job market and falling inflation. The market is anticipating potential interest rate cuts starting in September 2024, but some investment banks predict a more aggressive rate cut scenario.

What is the current state of the Russell 2000 index compared to the S&P 500 and NASDAQ?

The Russell 2000 index, which represents small and medium-sized companies, has been underperforming compared to the S&P 500 and NASDAQ, which have been reaching new historical highs.