Happy Monday all!
If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
The Bank of Japan hiked rates by 25 bps to 1.25%, marking the sixth increase in the cycle and the highest policy rate since 1995.
Elon Musk said there are hundreds, maybe thousands, of fraud rings of almost every nationality stealing money from US taxpayers.
The US and China officially began trade talks in New York ahead of President Xi Jinping’s visit.
China cut its US Treasury holdings to an 18-year low of $618 billion. Foreign governments are buying fewer Treasuries while hedge funds buy more, helping push the 30-year yield to a nearly 20-year high.
Saudi Arabia withdrew from a Chinese-led digital currency and blockchain payment system that aimed to reduce reliance on the US dollar.
Michael Saylor hinted at buying more Bitcoin.
Strive CEO also hinted at the public company buying more Bitcoin.
KB Home reports Tuesday after the close. Street expects $1.30B revenue and $0.90 EPS as another key read on housing demand after Lennar.
AutoZone reports Tuesday before the open with street looking for $6.71B revenue and $54.22 EPS.
Costco reports Thursday after the close. Expectations are $94.87B revenue and $6.55 adjusted EPS.
📊 Altcoin Market Updates 📊
Ethereum reached $2,700.
$PEPE holder count climbed to 590,492.
$PEPE surpassed $40 million in trading volume on Solana via Sunrise.
A family with two children was tied up at home in France after intruders targeted the father, who works in crypto. Police are investigating a crypto extortion attempt and four suspects fled.
Drake won a $1 million $USDT bet on Stake following Joshua Van’s victory at UFC 331.
If you enjoyed this daily roundup, make sure to follow me, I’ll see you tomorrow!
$BTC $SPY $QQQ $OIL $SMH
Looking to profit from altcoins? Here’s a FREE 5-day email course!Get instant access here:https://panicdrop.kit.com/5dayaltcoincourseAvoid the mistakes killing 97% of traders.Master the charts & time your entries using Bitcoin’s signals.
Written by Timothy Assi, an Elite Popular Investor on eToro.
Not investment advice. eToro is a multi-asset investment platform. Your capital is at risk. For information and educational purposes only.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Connect with me on:
🟦 Linkedin: Timothy Assi
🟪 Instagram: @panic_drop
⬛ X: @timoassi
📧 timothy@panicdrop.com
🟩 Panic Drop Podcast : on your favorite streaming app
