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BTC is currently trading within a Rising Channel and has bounced off the support line. The bullish momentum is intact as buyers hold this formation. A break above the middle of the channel will continue the upward momentum.
👉 However, a break below the lower trendline could see sellers regain control.
Two popular ways to earn passive income from cryptocurrencies are staking and yield farming. Staking is the act of locking up a specific amount of coins to secure the blockchain network, which is relatively safe and easy. Yield farming, on the other hand, involves depositing assets into a liquidity pool and earning rewards.
While it offers higher returns, it also comes with higher risks and complexity.
Federal Reserve Chairman Jerome Powell has been charged with a criminal offense by U.S. prosecutors. The move, which has shaken global markets on Monday, sent gold prices soaring to new records and sent Wall Street futures prices tumbling. Investors are flocking to gold as a safe haven amid concerns about the Federal Reserve's neutrality.
👉 The political turmoil and potential legal action have created uncertainty in the global economy, which is having a direct impact on stock markets.
A bill to ban members of Congress from trading stocks is expected to pass this week. The move is aimed at preventing conflicts of interest and maintaining transparency. If passed, lawmakers will no longer be able to profit personally from the stock market by exerting their influence.