Crypto Daily – Some consternation is probably being felt across the crypto market, as returned to the major support at $58,000 once again. Will $BTC keep knocking on this level until it eventually falls through? Or are the last few weaker hands being shaken out before a surge back to the highs?
Don’t get caught up in all the noise
The life of a holder of Bitcoin cannot be easy. There is the constant spectre of some huge entity selling, and the knowledge that sometimes they actually do. On the other hand, the ETFs continue to buy, and there is the positive news that the Federal Reserve is very likely to begin cutting interest rates in September.
However, it’s very easy to get caught up in all the everyday noise. Sometimes it’s best to just step back, take a deep breath, and remember that Bitcoin is the scarcest asset in the world, and that once national governments start printing more currency, which they simply must do, in order to be able to pay the interest…
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