the daily degen 🦍(28Jul23)
handle.fi daily market update
todays markets
market news
the BOJ is predicted to soften its grip on the country's bond markets, potentially influencing global bond markets, exchanges rates and liquidity conditions. Bitcoin and cryptocurrencies, in general, are sensitive to changes in global liquidity conditions.
Dow loses more than 200 points Thursday to snap historic 13-day rally.
aiming to streamline the process of creating a digital wallet and sending digital crypto, a company called Suku launched a solution it says allows users to do both using just their Twitter handles. The announcement comes amid several months of speculation that Elon Musk, the owner of Twitter, will eventually integrate digital currency transfers with the social media platform popular with crypto enthusiasts.
the House Agriculture Committee advanced the Financial Innovation Technology for the 21st Century Act, a day after the House Financial Services Committee did. A few hours after beginning debate and voting on amendments to the bill, which would create a federal regulatory framework for crypto in the U.S., the House Agriculture Committee referred the bill to the full House of Representatives by a voice vote.
around the twitterverse…
trade ideas
trade: long ETH/ BTC
the ETH/ BTC chart has been keeping to this parallel channel for a month now with a steady uptrend. price has bounced off the midrange of the channel and could make its way to the upper band once again. you could play this by keeping a tight stop just under the previous low of 0.6338. the best way to construct an ETH/ BTC long is to long ETH and short BTC with the same size. this trade is confluent with ETH holding firm at the bottom of its price range while BTC has fallen below.
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