Curious Cryptos’ Commentary 6th December 2024 — The UK, the US, scammers & Brian Armstrong | by Mark Timmis | Coinmonks | Dec, 2024

tl;drUK politics are in a flux. US politics is doing what it said it would do. A message for all scammers out there. Brian Armstrong knows of what he speaks.Market SnapMarket WrapJust yesterday the CC commented in response to breaching $100k for the first time accompanied by over exuberance from leveraged longs “Mind that perpetual futures funding rate though. A long squeeze is on the cards, probably taking us back down to the low 90s.” I didn’t expect to be proved right quite so quickly. The long squeeze has reset perpetual futures funding rates back to a healthy level with BTC dipping to $93k in the process before staging a very quick recovery.You heard it here first.Curious Cryptos’ Commentary — UK politicsI know, I know, but as we have seen recently political developments do impact upon cryptos. So, as much as the CC research team would like to keep away from the whole subject, we are simply forced to comment.Announcing a reset of government policy just a few months after being voted in with a landslide majority, as the UK’s ruling party has just done, is an interesting development. It has never been…