the daily degen 🦍(17oct23)
handle.fi daily trooper update
todays markets
market news
🤷🏼♂️stock futures are little changed as wall street look towards busy earnings week.
🌵ethereum validator queues drop to record lows, briefly hitting zero earlier.
😃blackrock boss says bitcoin pump on fake ETF news shows ‘pent Up interest in crypto’.
👇🏼grayscale GBTC discount falls to 16% as markets bet on bitcoin ETF approval.
🏦australia outlines licensing program to regulate domestic crypto exchanges.
💷uniswap to charge 0.15% to swap certain tokens on web interface and wallet.
crypto fear and greed index
trooperNotes: pros of a bitcoin ETF approved 📚
the approval of a bitcoin ETF (Exchange Traded Fund) brings a plethora of positive effects to the financial landscape. firstly, it offers mainstream investors a regulated and more accessible avenue to invest in bitcoin without dealing with the intricacies of cryptocurrency ownership, such as private keys and wallets. this can lead to increased liquidity and a broader base of market participants. secondly, an ETF approval is a significant nod from regulatory bodies, signaling their acknowledgment of bitcoin's growing role in the financial ecosystem. this can bolster investor confidence and potentially drive more institutional investments. moreover, the increased transparency and regulatory oversight associated with ETFs can also reduce market manipulation and volatility. lastly, as more investors gain exposure to bitcoin through ETFs, it can pave the way for greater acceptance and understanding of cryptocurrencies in general, further integrating them into the traditional financial system.
around the X-verse… (formerly the twitterverse)
what could’ve been 🎉…
how could you do this to us 😭…
the silver lining 🙏🏼…
trade ideas
trade: short GBP/ USD
the pound breached support near ~1.232 last month, but its momentum decelerated soon after.
just last week, the currency approached this level again, this time testing it as resistance. however, it couldn't sustain above. for those anticipating a continued downward trend, maintaining above this level might not be desirable. this presents a potential opportunity to SELL the pound, especially since the trade invalidation point is evident. a plausible target might be the subsequent support pegged at ~1.184.
#NFA #DYOR
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