🌐 WEEKLY MARKET RECAP

🔸Presidential candidate Robert F. Kennedy Jr. announces plan to back the US dollar with BITCOIN if elected in 2024.

🔸US Senators officially introduce bipartisan bill to ban members of Congress from owning and trading stocks.

🔸US Congressman Ritchie Torres asks SEC Chair Gary Gensler to stop its assault on crypto, says cryptocurrencies are not securities.

🔸SEC Chair Gary Gensler says he's "disappointed" the court ruled XRP is not a security.

🔸Tesla reveals none of their $333,000,000 BITCOIN was sold in Q2 2023.

🔸Federal Reserve officially launches 'FedNow' instant payment system.

🔸SEC adds BlackRock, Fidelity & 6 other Spot BITCOIN ETF applicants to the Federal Register.

🔸Sam Bankman-Fried is paying millions of dollars to his lawyers with stolen customer funds, lawsuit claims.

🔸US House Republicans introduce bill to establish regulatory framework for crypto.

🔸SEC says judge's ruling that XRP is not a security was wrong.

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MARKET UPDATE ✅️

BITCOIN volatility is at a minimum. Similar level to early January, when it moved from 16,000$ to 21,000$

Generally these volatility squeezes are followed by big moves.

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