🚨 Global liquidity is increasing, meaning that major central banks are starting to inject money into the global financial system.

👉 This influx of liquidity is important because it increases interest in risky assets, notably #Bitcoin and #cryptomonnaies .

👉 Historically, when there is an increase in overall liquidity, investors tend to place their money in more volatile assets, such as #Bitcoin .

👉 As in 2013, 2017 and 2020, an increase in overall liquidity coincided with the #BullRuns .

It is clear that global liquidity levels play a crucial role. Sure, there are 4-year cycles related to halving and elections, but the market is primarily driven by global liquidity.

It’s all connected. 🔗

💰 Halving + Elections + Rising Global Liquidity = BullRun. 🚀

💥 BNY Mellon, which manages approximately $2 trillion in assets, has received SEC approval to offer custody services for #cryptomonnaies

✅ SwissBorg continues to expand the capabilities of its Smart Engine with the integration of two new #DEX .

On the agenda: better prices, increased liquidity and faster access to news #cryptomonnaies

🚨 The UK is proposing a bill to officially and legally recognise #cryptomonnaies as personal property.

#Bitcoin 🚀

🇷🇺 Vladimir Putin praises Russia's crypto mining capabilities ⛏️ , stressing that the country is a world leader thanks to its energy surplus in Siberia.

Russia produced 54,000 $BTC in 2023, generating over $550 million in taxes 💰

The country is banking on the #cryptomonnaies for its economic future and to avoid international sanctions

🚨 Japan plans to reduce the top tax rate on #Bitcoin and #cryptomonnaies from 55% to 20%, to bring it in line with that of other financial assets

🇷🇺 Russia will legalize cryptocurrencies and mining. Cryptos will be regulated in the same way as foreign currencies in the country.

“ #cryptomonnaies s are increasingly used around the world as a means of payment in international settlements.”

Vladimir Putin.

📉 The #cryptomonnaies market is suffering, after the chaos brought by #Bitcoin  

The $XRP did not escape the decline and recorded a decline of 50% since the peak in March.

It will be necessary to stay beyond the support at.42. If buyers defend the support, a return to the bearish institutional bias (EMA 9/EMA 18) around.53 is possible.

On the other hand, a loss of support could send the XRP to the next support at.32.

For those hoping for a new ath for XRP, I wish you the best of luck.