The post Citibank Explains Reason for Bitcoin’s Continuing Declines, Warns! “The Declines Are a Serious Warning for the Giant Stock Exchange!” appeared com. October and November, known as the historically bullish months for Bitcoin (BTC) and altcoins, are not going as desired in 2025. A major collapse occurred in October following US President Donald Trump’s announcement of tariffs on China. While the collapse on October 11 was recorded as the largest liquidation event in history, the downward trend continued in the first week of November. While wondering whether the declines will continue, Citibank evaluated the declines in Bitcoin. Why Did Bitcoin Fall? Citi analysts said Bitcoin’s decline was due to a liquidity shortage, according to Coindesk. They also noted that Bitcoin’s decline and continued weakness are a warning for the Nasdaq. Citi cited the US Treasury Department’s liquidity-reducing measures and the decline in bank reserves as the reasons for Bitcoin’s weakness. However, it also predicted that Bitcoin and the Nasdaq would experience a combined recovery if liquidity recovered by the end of the year. Bitcoin’s Decline Is a Warning for Nasdaq! Citibank stated that Bitcoin fell due to a liquidity crunch and decoupled from the Nasdaq. Citi analysts noted that Bitcoin’s trading patterns have historically moved in close correlation with the Nasdaq 100 index. Nasdaq’s earnings, in particular, showed a marked improvement as BTC’s price moved above its 55-day moving average. However, Bitcoin has recently fallen below its 55-day moving average. With Bitcoin now trading below its 55-day moving average, the situation for the stock market is also worsening. Citi noted that while the Nasdaq remains relatively strong thanks to the AI craze, it faces a risk of decline due to weakness in Bitcoin, which is more sensitive to liquidity changes. However, Citibank added that there remains upside potential for both Bitcoin and stocks as liquidity shows signs of improvement. In this context, Citi analysts stated that the year-end Christmas Rally is not.
Tag: Donald Trump
WASHINGTON (AP) Senate Republicans voted to reject legislation Thursday that would have put a check on President Donald Trump’s ability to launch an attack against Venezuela,.
The Supreme Court appeared very hostile to President Donald Trump’s emergency tariff system during oral argument this week, but it’s unlikely they’ll delve that deeply into the issue of what constitutes an emergency, legal expert Lisa Rubin told MSNBC’s Joe Scarborough on Thursday. That’s because, she argued, there’s a much easier and less politically fraught way they can strike down the tariffs.”I’m curious . the portions of the hearing I talked about, the portions, I didn’t talk hear as much about were lines of questions about the administration’s really specious use of the word emergency, of the term emergency,” said Scarborough.”Like, this is a president who is claiming that when he gets pissed off while he’s watching the world series because there’s a commercial about Ronald Reagan, that that constitutes an emergency and the next day, he can jack up tariffs on Canada. This is a president who can get angry because his political ally, who tried to overthrow an election in Brazil, is actually being tried. And so he gets angry at judges down there and then jacks up tariffs to 50 percent. That’s his emergency. It has nothing to do with anything that’s in this statute. I’m curious, did they press the solicitor general on that point? Not so hard,” said Rubin. “Justice Kagan mentioned it at one point, and I think the reason they didn’t mention it, despite its appeal to just common sense, right, is that there’s an easier way out of this. Justice Barrett is sort of known on the court right now for being the person who seeks a solution that as many people as possible can glom onto, and that solves a problem before the court and is few steps as possible, with as few repercussions as possible. Really deciding the issue squarely before her and nothing more,” Rubin continued. “And right now, I think the easiest way to resolve this dispute is on that plain language of what does it mean to regulate importation? If the authority that the president is seeking is nowhere in the statute to begin with, Joe, then you don’t even have to have that conversation about whether or not there is an emergency, much less a conversation about how much deference is the president owed when he alone has authority under a statute to decide whether there’s that emergency,” she added. YouTube www. youtube. com.
‘TRUMP WASN’T ON THE BALLOT’: After a humiliating democrat win, Trump’s fragile ego cracks open
The Democratic wins signal that exuberant GOP predictions after 2024 that Trump had engineered a durable realignment were premature.
Trump Says Democrats Are Kamikaze Pilots Amid Longest Government Shutdown in U.S. History [WATCH]
Several House Republicans have reportedly heard from the Department of Justice are worse than Michael Wolff’s description of Epstein photos showing Trump with half naked teenage girls,” Shuster wrote. Shuster is likely referring to an October interview in which Trump biographer Michael Wolff told the Daily Beast that he had personally seen “about a dozen Polaroid snapshots” of Trump and Epstein, in which Trump was photographed with several topless young women on his lap. Wolff said Epstein pulled the photos out of a safe and spread them out “like a deck of cards” on his dining room table. The author told the Beast he saw the photos while visiting Epstein’s home at the convicted sex offender’s invitation, as Epstein wanted Wolff to write a book about him. The veteran journalist further reported that Republicans were “spooked” by Attorney General Pam Bondi’s testimony before the Senate Judiciary Committee, after she refused to answer a question from Sen. Sheldon Whitehouse (D-R. I.) about whether she had personally seen the photos after the contents of Epstein’s safe were confiscated. After Whitehouse asked her about the photos, Bondi then questioned him about receiving campaign donations from LinkedIn co-founder Reid Hoffman, who associated with Epstein.”She didn’t give a denial,” Shuster wrote. According to Shuster, Republicans’ anxiety about the contents of the Epstein files is compounded by “more than 100+ Republicans” who are reportedly planning to vote for the bipartisan discharge petition by Reps. Ro Khanna (D-Calif.) and Thomas Massie (R-Ky.), which only needs one more signature in order to force a floor vote. Rep.-elect Adelita Grijalva (D-Ariz), who won a late September special election to fill the seat vacated by her late father, promised to be the 218th and final signature on the discharge petition, though she has yet to be sworn in.
The radical left’s takeover of America’s largest city is complete, and it comes with open attacks on President Donald Trump, capitalism, and even the very foundations of Western civilization. The post Socialist Mayor-Elect Zohran Mamdani Declares War on President Trump, Capitalism, and Traditional America in Radical New York City Victory Speech appeared first on The Gateway Pundit.
WASHINGTON (AP) Three lower courts have ruled illegal President Donald Trump’s use of emergency powers to impose worldwide tariffs. Now the Supreme Court, with three justices Trump appointed and generally favorable to muscular presidential power, will have the final word. In roughly two dozen emergency appeals, the justices have largely gone along with Trump [.].
Now that the United States no longer makes pennies, there is a scramble among gas stations, fast-food chains and big-box stores to adjust prices and round cash transactions, and it could potentially eat into their profits.