The calm before September's storm? |
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Once again it feels like not much happened this week. Bitcoin ranged, which roughly means the market ranged. Spot bitcoin ETFs experienced inflows this week, while ether ETFs had outflows. This chart of bitcoin's monthly price performance since 2014 indicates we might be in for slightly negative chop in September. After that, history suggests price appreciation. I've even seen some online commentators wishing for volatility, any kind of volatility! The largest downward revision to U.S. payrolls in 15 years didn't shake markets. Maybe Powell at Jackson Hole will. Meme coins continued to be one of the few things that managed to capture the attention of active crypto participants, this time in the Tron ecosystem. Still, there are signs that the thrill of meme coins is waning. Buyers of coins on Pump.fun or its derivatives beware. -David Sencil | Bitcoin.com's first airdrop of VERSE tokens is now live! If you are an active Ethereum user of the Bitcoin.com Wallet app, there's a good chance you are eligible to claim VERSE tokens right now. Check your eligibility and claim your tokens: Verse Airdrop dApp. | Robert Kiyosaki advises preparing for crash landing Rich Dad Poor Dad author Robert Kiyosaki has explained why he is preparing for a crash landing. He criticized U.S. leadership, including Vice President Kamala Harris, Treasury Secretary Janet Yellen, and Fed Chairman Jerome Powell, calling them "3-Stooges." |
Peter Schiff urges the Fed to raise rates and let markets crash Economist and gold advocate Peter Schiff has recommended that the Federal Reserve raise interest rates instead of cutting them, even if it leads to a market crash. He acknowledged that this approach would likely cause stocks and real estate to crash, result in a hard landing, and trigger a recession, emphasizing the potential severity of these market consequences. |
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