azhar835 (@azhar835) • Hey

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My point And you?
My point And you?
Paper losses of American banks on bonds amount to $400 billion 👆 The S&P 500 continues to grow after Fed representatives announced plans to leave the rate unchanged (at the meeting on November 1). Given the potential losses banks are facing, the regulator needs to either print dollars to provide liquidity, or stop raising rates and give them a chance to wait until the bonds mature. Also adding positivity to the markets is the US inflation forecast for September of 3.6% (in August it was 3.7%), that is, analysts expect a cooling in price growth. We will find out the exact inflation data on October 12, and the reporting season will begin the next day - with top banks JPMorgan, Wells Fargo and Citigroup 🧐
At night, Bitcoin rose above $35k, showing an increase of 18%. Now the price is looking for a sure pullback, and the bears are shedding bitter tears due to liquidations of $297 million 🥹 At first, the price was driven up by the news that the court had made a final decision on the need for the SEC to reconsider the application for a spot Bitcoin ETF from Grayscale. Please note that considering and accepting again are two different things 🧐 When this seemed not enough, the story began to spread about BlackRock receiving a ticker symbol for its ETF - IBTC, as well as rumors about the possibility of early fundraising for the fund. It was presented as if the ETF had already been approved and BlackRock was already purchasing BTC into it. In fact, this data does not mean anything like that and is just speculation, but was taken from an updated application for ETFs, which was corrected at the end of last week, but was carefully read only last night 😇 Intrigue of the week: will they now shave longs 😜 🔹 Top 3 in 24 hours: Mina - $0.6181 (↑50.57%) Pepe - $0.000000953 (↑26.32%) Conflux - $0.1323 (↑19.39%)
BlackRock's iShares Bitcoin Trust ETF (IBIT) now consists of 11,439 bitcoins, which is equivalent to $487 million. Moreover, these coins are unlikely to return to the market in the near future. Rather, the company will purchase additional BTC to work and develop its own product. For comparison, about 900 new coins are issued per day in the Bitcoin network. Well, the BlackRock ETF has been available for trading for only two days so far.
Bitcoin's average annualized return over the past seven years has been 44 percent. At the same time, the result of traditional popular assets over the same time period is 5.7 percent.
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