🆕 The New Sheriff (SEC Chair) In Town?

Another person from Elizabeth Warren's anti-crypto group has been replaced with someone who's "pro-crypto."

It looks like Trump is keeping his crypto promises, as Pauly Boy isn't the only crypto supporter joining the team.

Here’s what we got for you today:

• 💰 Why Does the U.S. Government Continue Moving Bi …

• 🕗 When To Enter Positions?

• ⭐ Top Highlight in Crypto Today

• 🤡 Meme Of The Day

💰 Why Does the U.S. Government Continue Moving Bitcoin?

• The U.S. government moved 54 billion SHIB tokens (Shiba Inu), valued at approximately $1.56 million deposited into a consolidated Ethereum wallet, tagged “0x9Ac” → This transfer caused a 0.9% dip in SHIB’s value, with SHIB trading at $0.00002864 at the time.

• $1.92 billion in Bitcoin were transfered into 2 Coinbase Prime wallet. These Bitcoins were originally seized from the Silk Road dark marketplace, which was known for illegal activities before being shut down.

• $17.2 million in ETH was moved to a separate wallet (Dec 4)

Why it matters:

The movement of such a large amount of Bitcoin, SHIB, and other assets raise concerns about whether the government plans to sell the Bitcoin or use it for another purpose.

• Strategic Reserve: If the U.S. were to create a strategic Bitcoin reserve, it could signify a shift in how governments perceive cryptocurrency—moving from skepticism to seeing it as a valuable asset.

• Market Sensitivity: Large-scale movements of Bitcoin by entities like governments can influence market sentiment, as traders speculate on potential sales or other actions.

• Transparency in Government Crypto Actions: The public nature of blockchain makes it difficult for governments to act discreetly in crypto markets, leading to immediate scrutiny and analysis.

🕗 When To Enter Positions?

1. Business Cycle

First thing’s first: you need to know where we are in the business cycle. This helps decide if it’s a good time to buy volatile assets. Right now, we’re heading into summer, which is prime time for investors. So, it’s a good moment to start buying, but we’re avoiding stablecoins for now and getting fully invested in the market.

2. Do Your Research

Before you jump into any token, do some research

Understand the project, its future potential, and set realistic expectations for its growth. Also, make sure the price is right. Even the best projects can be bad buys if the price is too high or the risk-reward doesn’t make sense. Oh, and double-check how it fits into your existing portfolio.

3. Portfolio Allocation
Diversifying your portfolio is crucial. You don’t want to be too exposed to one sector or market. For example, if you’re looking into DeFi, don’t just stick with one category like lending. Make sure you’re spreading your investments across different areas like decentralized exchanges, liquid staking, and more. Balance is key.

4. Spotting the Trend
Once everything looks good, it’s time to think about market trends. Is there an event or news coming up that could drive up the price? Maybe a new product launch or a big partnership? If so, that’s a potential trigger. But, don’t rush in just yet. Wait for the market to confirm the trend first. You want to see others jumping in before you do.

Also, don’t just look at the price in dollars. Compare it to a market benchmark like ETH or SOL to get a better idea of its real strength.

5. A Few Extra Tips
When analyzing trends, use daily charts to get a clearer view. Look for prices breaking through past highs or resistance levels. And, give it some time—make sure the trend’s been building for at least 10 days before jumping in.

⭐ Top Highlight in Crypto Today

🚨 Trump reportedly taps crypto-friendly Paul Atkins as the next SEC chair, according to three anonymous sources.

💳 Coinbase partners with Apple Pay for in-app crypto purchases, simplifying the process for users via Coinbase Onramp integration.

🚀 Grayscale proposes converting Solana Trust to a spot ETF on NYSE Arca to enhance price tracking, aiming to improve access for investors.

💰 South Korea’s declaration of martial law created a significant shockwave in the cryptocurrency market. Bitcoin’s price plunged over 30% to $62,000 on South Korea's leading exchange.

Meanwhile, Bitcoin’s price worldwide only dropped slightly and quickly recovered. This difference can be explained by the smaller scale of Upbit exchange, which is not large enough to have a major impact on global exchanges.

🤪 Fun fact: Bitcoin, declared 'dead' 415 times in the past 14 years and rises again. It peaked at $99,588 and could hit $132k with global money supply increase.

🤡 Meme Of The Day

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