Loomis Amendment

CAN LOOMIS AMENDMENT SAVE YOUR BITCOIN BAGS?? – BTC TOP 3

BTC TOP 3

LOOMIS PROPOSES AMENDMENT THAT COULD SAVE YOUR BAGS

RED ALERT: Call the Senate to save Crypto with the Loomis Amendment

You couldn’t get away from this news today. Influencers across the crypto sphere are warning of the dangers posed to the industry by the bill that’s currently being fought over in Washington.

The Senate is about to vote on a bill that could “Kill Crypto” according to top crypto YouTubers Altcoin Daily.

The govt aims to partially cover the cost of a massive infrastructure bill by taxing crypto companies — and the entire industry will feel it.

Aaron (of Altcoin Daily) continued to say that even if you may not live in America, “if the USA is out, everybody loses”.

They urged Americans to call their representative to put pressure on passing the Loomis amendment. Check out their video here for instructions on how to do this.

JP MORGAN ADDS CRYPTO INVESTMENTS FOR THEIR PRIVATE WEALTH CLIENTS

In a move that sparked some anger in the crypto community, JP Morgan are now offering crypto services to their wealthiest clients. Until recently, they had maintained a public position that Bitcoin was a “scam”.

Crypto Stache had this to say:

“Jamie Dimon is a crook. And JPMorgan’s a bunch of crooks! and they know what they’re doing and been doing it for quite a few years — to suppress the price to be able to get in at a better price and were probably accumulating under the radar. This is what institutions do all the time. They’re doing all of these (going back and forth) for a reason.”

You can watch the whole video here:

$50k THIS WEEKEND?? TOP YOUTUBER BEN ARMSTRONG’S PREDICTION

If you’ve had enough doom and gloom from Washington then don’t worry. A lot of bullish price predictions were thrown around today so let’s finish the week with an exciting prediction from BitBoy Crypto. After reporting that the Fear and Greed Index is at – 52 (+2 from yesterday’s 50) he predicts the following

Since it’s friday, on to the weekend, BTC’s usual party time, we’re looking to see a $50k bitcoin…

According to the #1 crypto Youtuber, here’s how it would play out:

-we’ll keep driving up to the $42k

-although we have wicked around here last january and came back up february, there’s really no substantial closes that would present a significant resistance beyond this level

-Next stop is $45k, where 200 moving average is at

-next $47k – 61% fib level, where price action epiphanies take place

-then finally $50k level…

Check out the full video:

I don’t wanna be ending this week with a bad news update but just to warn us and let us become aware of the possibility of what’s ahead for price volatility, I’ll be ending this here. Trade carefully.

And, hopefully, the good amendment will be voted on and BTC, ETH and all of crypto won’t be affected hugely by this and continue to pump like never before. Hoping for everyone to have a great weekend, goodnight!


ABOUT THE AUTHOR

Elisa A.

Elisa is our Head of Market Analysis at Rocket Crypto X

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I don’t wanna be ending this week with a bad news update but just to warn us and let us become aware of the possibility of what’s ahead for price volatility, I’ll be ending this here. Trade carefully.

And, hopefully, the good amendment will be voted on and BTC, ETH and all of crypto won’t be affected hugely by this and continue to pump like never before. Hoping for everyone to have a great weekend, goodnight!

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