Expand If it goes down, it'll drop to 70,000, then to 60,000, then to 50,000... There's no going back. Tell me how you explain this? You've got no shame! I woke up to find the trading range broken, a new low. They've really gone all out. Those who shorted ETH yesterday should have gotten their money. The 4-hour EMA15 for Bitcoin is still crucial; until it breaks through, the bulls should be careful. 🤣🤣 #TrumpSaysFirmSupportForCryptocurrency

Expand ⚠️⚠️ Breaking news:🇺🇸 President Trump has stated that he will sign an appropriations bill to fund the government and reopen it.

Expand 🔔“Big Short” Michael Burry: Bitcoin Has Plunged 40%, Further Declines Could Have “Catastrophic Consequences” for Bitcoin Treasurys and Tokenized Metals Market Mars Finance reported on February 4th that renowned American “big short” Michael Burry warned that Bitcoin has plunged 40%, and further declines could cause lasting damage to companies that have accumulated large amounts of the asset over the past year. He believes Bitcoin has proven to be a purely speculative asset, failing to serve as a hedging tool like precious metals. In an article published on Monday, Burry pointed out that if Bitcoin falls another 10%, the most aggressive Bitcoin treasury firm, Strategy, will suffer billions of dollars in losses and will essentially be unable to access capital markets. He warned that the Bitcoin decline could trigger “catastrophic consequences,” including a spillover effect to broader markets and a “collateral death spiral” in tokenized metals futures. This warning came as Bitcoin continued its plunge on Tuesday, briefly falling below $73,000, erasing all gains since Trump's re-election in November 2024. Since hitting an all-time high in early October, the cryptocurrency has fallen by more than 40%. Burry adds that the emergence of spot ETFs has only exacerbated the speculative nature of Bitcoin, while also increasing the token's correlation with the stock market. Bitcoin's correlation with the S&P 500 has recently approached 0.50. Theoretically, when losing positions begin to grow, liquidations should be aggressively initiated. Since late November, Bitcoin ETFs have been setting some of the largest single-day outflow records, three of which occurred in the last 10 days of January. This trend suggests that institutional investor confidence in Bitcoin is waning, and ETFs, originally seen as a tool to expand Bitcoin adoption, may instead be accelerating sell-offs during market downturns. Burry points out that the decline in cryptocurrencies is partly responsible for the recent collapse in gold and silver, as corporate Treasurers and speculators need to mitigate risk by selling profitable positions in tokenized gold and silver futures. If Bitcoin falls to $50,000, miners will go bankrupt, and "tokenized metal futures will collapse into a black hole with no buyers."

Expand The government shutdown has been essentially lifted. President Trump only needs to sign it. This is good news for the market!

Expand President Trump Signs Appropriations Bill, Officially Ending US Government Shutdown On February 3, President Trump officially signed an appropriations bill, ending the recent partial shutdown of the US federal government. This action marks the official end of the partial government service disruptions caused by the budget impasse since the end of January. In a statement released on social media, the White House called the shutdown a "Democrat-caused shutdown" and stated that "getting our country running again" is the top priority. It is understood that the core reason for the government shutdown was the fundamental disagreement between the two parties on immigration enforcement policy at the Department of Homeland Security, which prevented the timely passage of the relevant budget. At the end of January, although the Senate passed a compromise at the last minute, splitting the Department of Homeland Security's funding from other departments and providing it with two weeks of temporary funding, the House recess failed to prevent a brief technical shutdown. The appropriations bill signed by President Trump is expected to provide funding to the most affected federal departments until the end of the fiscal year (September 30), thus avoiding the risk of another government shutdown in the short term. However, the bill only provides funding for the Department of Homeland Security for two weeks, allowing the two parties to reach a final agreement on the highly contentious immigration enforcement reform within those two weeks; otherwise, the government may face another shutdown in mid-February. Overall, this temporary end to the shutdown is more like a "halftime break" in a long-running political game than a fundamental bridging of differences. While both sides have gained breathing room through short-term funding, the substantive political deadlock remains unbroken. #Trump #USGovernmentResumesOperation

Expand 🔔Trump Advisor Opposes Clauses Targeting the Trump Family in the CLARITY Act According to Mars Finance, on February 4th, Patrick Witt, Trump's digital asset advisor, stated that the White House will not accept the Cryptocurrency Market Structure Act (CLARITY Act) which contains clauses targeting Trump. Witt called the early drafts of the bill's ethical provisions completely outrageous and explicitly stated that "no clauses targeting the president personally or his family members will be allowed." The CLARITY Act is currently stalled due to several issues, with Democrats demanding a ban on senior government officials profiting from the crypto industry. Sources familiar with the matter revealed that the White House has instructed industry insiders to submit a compromise proposal by the end of February. With the midterm elections approaching, the longer the legislative process drags on, the more difficult it will be for Congress to pass the bill.

Expand Breaking news: US President Trump has confirmed that the United States is currently in negotiations with Iran.

Expand Israel is trying to persuade Trump to strike Iran, but he is not enthusiastic. He is scheduled to hold nuclear talks with Iran on Friday, and the United States currently maintains a strong military presence in the region. However, Trump believes that Iran's nuclear program no longer poses a significant enough threat. Meanwhile, Israeli generals are actively advancing war plans in Washington. Source: Axios

Expand 🇺🇸 Breaking news: According to reports, Trump has signed the Omnibus Appropriations Act to immediately reopen the U.S. federal government and fund most of its operations for the remainder of the fiscal year.

Expand Breaking news: US President Trump has signed a bill officially ending the US government shutdown.