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Bitcoin is up roughly 24% this week, its strongest since 2023, and touched nearly $80,000. Everyone who spent the summer waiting to buy back at $45,000 is now watching from the sidelines.

Scott Melker argues the last leg cannot be explained by the Treasury news, the record short liquidations, or the White House event. What is left is real buying. Nearly $4 billion of shorts were liquidated across two days, and Bitcoin ETFs took in $606 million on Thursday after more than $500 million on Wednesday.

Plus, the CFTC is becoming the second regulator this week to stop waiting for Congress, South Korean volumes are up 273%, and why Coldcard’s new firmware does not make an old wallet safe.

Timestamps
00:00 Best week since 2023
00:49 Almost $80,000, and $4 billion of shorts gone
01:42 The three catalysts, and why they don’t explain the last leg
02:23 Matt Hougan on who is actually buying
03:10 Nothing changed except the price, and the most dangerous sentiment in markets
03:51 The CFTC won’t wait for Congress either
05:02 Why regulators stopped assuming Clarity passes
06:09 Two and a half years to become too big to fail
06:34 CME’s Terry Duffy calls prediction markets rigged
08:32 South Korea comes back, and XRP leads
09:54 The hot ball of money returns to crypto
10:54 Japan approves its first crypto firm in four years
11:40 Coldcard’s fix isn’t a fix
13:19 How Not To Invest: Mantra halts after an exploit
14:22 The line that kills the bear market

#Bitcoin #Crypto #BTC #XRP #CFTC #ClarityAct #Coldcard #SelfCustody #DailyWolf #ScottMelker #YahooFinance

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🔴Full Disclaimer: This video and its contents are for informational purposes only and do not constitute an offer to sell or trade, a solicitation to buy, or recommendation for any security, cryptocurrency, or related product, nor does it constitute an offer to provide investment advice or other related services by CryptosRUs. CryptosRus may have a financial investment with the cryptocurrencies discussed in this video. In preparing this video, no individual financial or investment needs of the viewer have been taken into account nor is any financial or investment advice being offered. Any views expressed in this video were prepared based upon the information available at the time such views were written. Changed or additional information could cause such views to change.

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The US announced a host of sanctions against Iran and threatened its supporters in what Treasury Secretary Scott Bessent said was “the single greatest financial offensive ever”.

Labelling it an “economic D-Day” for Iran, Bessent said the US would sever all economic ties with the country and added that any nation financially partnering with Iran would also be isolated.

However, the latest threat to the Iranian regime follows several U-turns and extended deadlines from the White House in its efforts to end the conflict.

The war has led to hikes in global oil prices, and in response to the latest threat Iran warned it would shut down all oil exports from the region if the war continued.

Subscribe to our channel here: https://bbc.in/bbcnews

For the latest news download the BBC News app or visit BBC.com/news

#Iran #US #Israel #BBCNews

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I hope you enjoyed today’s video 🙂

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This content is for educational and informational purposes only and does not constitute financial, legal, or tax advice. I am not a licensed financial advisor. Always do your own
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Hope you guys all enjoy this video, ty from comment sections and other creators for giving me this video concept. If you guys want more make sure to like and subscribe. Enjoy!

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Im sorry to tell you this, but, you’re going to know a bunch of people in the future who will think you’re a genius because of when you entered the cryptocurrency market. BlackRock, Fidelity & Morgan Stanley are OPENLY telling the world that they’re buying Bitcoin and altcoins. This is happening daily, and for some odd reason, people are pretending like the greatest wealth transfer in the universe isnt happening right now. Crypto investors are in for a very wild ride.
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Please understand that Nothing stated in this video is financial advice.
All information provided or discussed in this video is done for
entertainment purposes only. Please do not ever invest in any market,
crypto or otherwise with money you cannot afford to lose. I am not now,
nor have I ever been a financial advisor. This video contains my views
on the crypto market and investing and should not be copied by anyone.

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