GOOD MORNING!
π€ The Bitcoin price dawns above $85,000.
πΆ The Fear and Greed Index returned to the "Neutral" zone at 38 points out of 100.
π The global cryptocurrency market capitalization is $2.7 T and the total volume is $77.09 B.
A GIANT WHALE HAS WITHDRAWN 2,372 BTC (WORTH $201 MILLION) FROM BINANCE AND KRAKEN, AND CURRENTLY OWNS 16,780 BTC (WORTH $1.42 BILLION), ACCORDING TO LOOKONCHAIN
Senator Cynthia Lummis stated that accumulating 1 million Bitcoins could cut the US debt in half within two decades.
β Lummis emphasized that this strategy, combined with a Congress more committed to balancing revenue and spending, could eliminate the debt.
π According to Lummis, this would not only stabilize the economy but also correct historical fiscal imbalances.
$BTC is attempting to reverse the trend. We've seen higher highs and higher lows. Several resistance levels remain.
The key level for continued bullishness remains the $82,000-$85,000 zone.
The key support level is $78,000.