C.R.E.A.M. #16 - Bitcoin and the summer break

Dear Lizards,

It's been quite a rollercoaster ride in the financial world lately. The stock market is booming, with the S&P 500 inching closer to its all-time high, and altcoins have been making some serious moves. However, cryptocurrencies are currently experiencing an ongoing correction mode. Bitcoin, in particular, has been struggling to break through the $31.5k resistance, leaving everyone on the edge of their seats, wondering where BTC is headed next.

As if that wasn't enough excitement, the Fed introduced its new real-time payments service, FEDNOW, which has also made its impact felt in the digital markets. It's all happening so fast, and we're trying to keep up with the twists and turns.

Remember when the SEC was going after cryptocurrency projects and exchanges like Binance and Coinbase? It feels like ancient history now that XRP has basically won its lawsuit against the SEC. The fears and uncertainties of those times have faded away, replaced with renewed optimism.

Today, our focus is on Bitcoin and its next move. Will it break through the resistance and soar to new heights? Or will it face more challenges and continue its corrective journey? Nobody knows for sure, but we'll be keeping a close eye on the charts and the latest news to give you the best insights.

Happy reading,

Your Lizards