BTCUSDT Donald Trump is preparing to name Kelly Loeffler, former CEO of crypto company Bakkt, to his cabinet to lead the Agriculture Department. Financial Times reported earlier this week that Trump’s social media company is in advanced talks to acquire Bakkt in an all-stock deal
DXY Bessent, the new US Treasury Secretary appointed by Trump, has advised Trump on a "3-3-3 policy," which the Journal described as "cutting the budget deficit to 3% of gross domestic product by 2028, spurring GDP growth of 3% through deregulation, and producing an additional 3 million barrels of oil or its equivalent a day."
XLMUSDT The VanEck report believes that the next phase of the bull market has just begun, reiterating the cycle price target of $180,000/BTC, and expects FIT21 to be rewritten with market- and privacy-friendly terms, while the new stablecoin draft will allow state-chartered banks to issue stablecoins without the approval of the Federal Reserve.
It's simple. If we break through the daily imbalance and hold above it, new ATHs are likely. If not, we can confidently expect a medium-term correction until the end of November or the first half of December. SPX500USDSPXSPXMES1!