BTC breaks $30K as Fed breaks bull market

More interest rate hikes this year ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ Well, that was quick. Mr. X was right - BTC just broke $30,000. Unfortunately, the rest of the market isn't doing so well... and he has more on that below. Still, the surge in crypto is significant - perhaps the most important thing that's happened in the entire sector thus far. This isn't a bubble - it's not being driven by speculation, insane hopes and predictions, or even fears that the global economy is going to collapse. Instead, we have reputable financial institutions moving into the sector to beef up Bitcoin. The SEC's offensive against other currencies (or securities - depending on how the courts rule) is not driving out investors. I find this extremely important. No one want particularly wants Bitcoin anymore - the media has turned against it because of the extreme energy usage, the government is highly suspicious, and ordinary traders have been burned. But the value persists. That suggests there is something to it beyond just dreams and wishes. Investors may also be looking for something of fundamental values as talk of a recession increases. The economy is looking shaky for the second half of this year, especially as inflation remains above the Fed's target. Don't count on more stimulus from Washington... The solutions, if there are any, are not going to be coming from the government. Keep Moving, Corey Snyder Publisher, Rogue Investing WORD ON THE STREET FTC Sues Amazon, Sub Running Out Of Time, INTC Down Big - Hours Left - The submersible that disappeared while taking explorers to the Titanic wreckage is almost out of oxygen. The Coast Guard is still refusing to give up hope. "This is a search and rescue mission, 100%," said Captain Jamie Frederick. - Amazon Under The Gun - Amazon Prime has been a bedrock of the company's strategy, but now the FTC is charging that the company enrolled customers without their consent and made it difficult to leave. "Amazon tricked and trapped people into recurring subscriptions without their consent, not only frustrating users but also costing them significant money," said FTC Chair Lina Khan. Amazon called the claims "false on the facts and the law" - Intel Falls As Company Lays Out Ambitious Plan - Intel was down about 6% as investors got cold feet about its plan to compete with chip foundries like Taiwan Semiconductor Manufacturing Company. The "five nodes in four years" plan calls for INTC to use its own chips in manufacturing before opening up factories to other companies. - Jerome Powell Tanks Market Again - Federal Reserve Chair Jerome Powell testified before Congress and warned more interest rate hikes could be on the way. "Nearly all FOMC (Federal Open Market Committee) participants expect that it will be appropriate to raise interest rates somewhat further by the end of the year," he said. HOT SPOTS: What's Going on in Geopolitics - Biden Picks A Fight With China - Immediately following a major visit by Secretary of State Antony Blinken to China, President Joe Biden called Chinese president Xi Jinping a "dictator." He also said China had "real economic difficulties." Chinese Foreign Ministry spokesperson Mao Ning called President Biden's comments "extremely absurd and irresponsible." - BBQ Restaurant Explosion In China Kills 31 - Liquified petroleum gas was blamed for a catastrophic explosion in Yinchuan in China. The explosion in the BBQ restaurant took place around 8:40 PM local time on the eve of a local holiday. - Ukraine Counteroffensive "Slower Than Desired" - President Volodymyr Zelenskyy admitted his country's counteroffensive against Russia is moving "slower than desired." However, he said that people need to have patience. "Some people believe this is a Hollywood movie and expect results now," he said. "It's not." CUTTING EDGE: What[']( Happening In Tech - Elon Musk V. Mark Zuckerberg In Cage Match? - Mark Zuckerberg, who has been training in ju-jitsu recently, has accepted Elon Musk's challenge for a cage match. It's unclear if Musk was serious. However, Zuckerberg is completely serious, issuing a direct challenge to pick a location. - Artificial Meat Approved For USA - Federal regulators approved Upside Foods and Good Meat, both of which use "cultured meat" grown from animal cells rather than slaughtered animals. Both companies will be able to serve their food in restaurants. - Meta Beefs Up VR Performance - A new software update offers a significant upgrade for the Quest 2 and Quest Pro. It will boost GPU speed by 19% and 11% respectively. CPU power will also be upgraded by 25% FOR YOUR CONSIDERATION --------------------------------------------------------------- "If the bull market has an end, this is it." Party's over, if the Fed has its way. The central bank's ambitious inflation target could spell disaster for the market. Mr. X on what you need to know. [FED-RECESSION INBOUND FOR 2024]( Enjoying Dawn Report? Learn something, made some money? SHARE YOUR STORY WITH US OR TELL US HOW TO SERVE YOU BETTER. Let us know at info@rogueinvesting.com You’re receiving this email because you're signed up for alerts from Dawn Report. Make sure to keep them coming by [whitelisting Rogue Investing](. 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