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Bot report + market overview. Post #22
1. Ltc/usdt +2.49%, Ltc/usdt (х4) +7.75%.
2. Fil/usdt (x2) +7.72%, eth/usdt(x8) +10.4%, mnt/usdt (x4) +7.28%, gt/usdt(x3) +2.3%.
3. Gt/eth +0.21% has exited the range, near/eth +0.39%, ftm/eth +1.38%
The week turned out to be difficult for the markets. A correction swept across the market on a wide front. Btc showed more stability compared to alts, but it also got its share.
There were several reasons for the correction:
1. Powell answered the question about the BTC reserve, saying that the Fed cannot own BTC, there is no such law.
2. Problems with the ceiling of the US national debt.
The second problem was successfully solved by the weekend. I think the issue of the BTC reserve law will also be resolved in the future. This is a task for Trump and his team, but even without this law, ETFs are growing at record rates, and I don't think this process will stop now.
Cryptocurrency is highly volatile, and manipulations occur quite often. It is beneficial for big players to occasionally intimidate the market to eliminate the unnecessary, but ultimately, cryptocurrency gains more recognition with each passing year.
At the moment, I continue to hold all my positions, but I added margin to my positions. I don't think there will be any more strong sell-offs, unless there is some additional negative news, but just in case, I will hedge.
I run my Telegram channel Hamster Club. There, I write more posts and there is a chat for communication.
I will be glad to welcome everyone there.