Dear Readers,

Again, today the crypto market is down by a marginal 0.38% from yesterday and currently the global crypto market is valued at $3.32 Trillion.

The crypto market leader touched down a low of 93.6K mark and currently trading above at 96.2K. 

The 92K mark is a strong support for BTC.

The hawkish speech of Jerome Powell has put to an end for all the crypto enthusiasm across in the last week.

After this there are no signs of major recovery. 

The major coins are trading within the tight ranges. 

While the mid-term and long term is quite positive for the global crypto markets, the immediate term is found to be so volatile.

But by large with the global macro economics and the adoption of cryptos in various forms make things quite brighter for the crypto markets.

Globally other than US, many countries including Japan, UK have large BTC holdings. 

China is also the other notable coin. 

We all know that El Salvador is the very first country in the world to use BTC as legal tender. 

Other than this, various countries around the world are quite eager to have block chain project adoptions. 

Following the Crypto ETF approvals in the US, we anticipate many such ETFs would come into play in rest of the countries as well.

This will enhance the investment from various players notably a large inflow would be from the institutional investors.

A large number of countries are also keen to mine BTC through renewable energy sources. But, many countries are in a position to do so because of their geo-positions.

Let's see how would US make a BTC stock pile as Trump has wished to do so.

If this would be a good model if it will be materialised sooner for rest of the countries to follow it up as well.

If we see the BTC liquidation map, there are vivid liquidations found in the 93K levels in the lower side and 96K in the upper side.

So in the immediate terms, BTC movements may be based on this as well.

So the broader idea would be that we need to have more positions in the lower side as and when market gives ample chance for the entry.

Have a great investing time!

=

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