Government Shutdown Averted, Inflation Dips, and Crypto Market Fluctuations: Latest Updates
The House passed a funding bill to avert a government shutdown, potentially positively impacting the market.
prativad 
The House passed a funding bill to avert a government shutdown, potentially positively impacting the market. The Senate still needs to vote on it. CPI inflation fell to 2.8%, lower than expected, which is good news for the market. Core CPI also declined. Tim Moore of Investing Bros joined the show to discuss market trends and technical analysis. Bitcoin showed some recovery, and Tim shared his trading plan, closely watching the 90k area. He discussed potential targets and support levels, including CME gap closures.
Tim advised caution on altcoins, as Bitcoin dominance is still a factor. He suggested buying dips if you have long-term faith in them. The conversation also touched on market manipulation by billionaires and the impact of traditional finance on crypto. Ethereum's price is declining, and Tim discussed potential support levels, including a possible drop to $1500. XRP is showing strength, and Tim shared potential breakout predictions. Franklin Templeton filed a prospectus for an XRP ETF. Polkadot's chart looks weak, and Tim expressed concerns about its long-term health. However, developments like a potential ETF and TikTok acquisition could change its direction. Tim emphasized the importance of having a trading plan and understanding risk management.
