According to the analyst, the market's negative reaction to a positive change in such a key economic indicator is a consequence of the new paradigm of markets, especially as high-risk as cryptocurrencies markets. The catch, Clemente explains, is that we have reached a point where bad economic news is good news for the markets and vice versa.
Good reports on the new paradigm, which is ruled by the dreaded word"recession" and record inflation, means that the U.S. Federal Reserve still has room to tighten monetary policy, which is bad for markets.
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WClementeIII I haven’t seen any crypto drop today…
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US Senate Bill Will Give CFTC Crypto Market Oversight – but Doesn't Say How MuchA new bill in the Senate Agriculture Committee would give the CFTC clearer jurisdiction over some cryptocurrencies – but it stops short of specifying how wide this jurisdiction actually is. jesseahamilton reports CFTC jesseahamilton Perhaps the Agriculture Committee should work on prohibiting fucking WEF billionaires, corporations, and other scum from buying US FARMLAND and not worry about crypto. Hmm? CFTC jesseahamilton CryptoGrid2 DigPerspectives CFTC jesseahamilton Just give us xrp clarity. We can wait for the rest
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Japan may see a reduced 20% tax on crypto earnings with new proposalSome potential relief for Japanese hodlers. Two prominent crypto advocacy groups in Japan have released a tax reform request that calls for lowering taxes for individual investors on crypto earnings. (Reporting via _prashantjha) _prashantjha How high is their tax lol? _prashantjha 👀
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