Senate Vote

The rulebook just got voted down 49-50, Bitcoin knifed to $74,910, and $771 million of leveraged positions were washed out in a single session. If you were waiting for a discount, this is what one looks like when it lands on your screen. The market did the selling for you. The only question left is whether you sit out the cheapest 24 hours of the month. Here is exactly what broke, what did not, and what a US account does before 2:00 p.m. ET tonight. ...

Nasdaq-100 futures fell 1.65% yesterday. The Kospi lost 3.26%. Gold dropped 0.8%, silver 1.7%, and AI semiconductors were taken to the woodshed. Crypto closed higher, with 94 of the CoinDesk 100 green. That divergence is the whole trade this week. Bitcoin is sitting at $77,950 with a $78,280 high already printed on Sept 14. The CLARITY Act Senate vote fires at 2:15 p.m. ET today. The FOMC decision lands tomorrow at 2:00 p.m. ET. Both are still ahead of you. ...