Bitcoin saw a total of $728 million in withdrawals from exchanges this week.
While addresses holding between 100 and 1,000 #BTC continued to accumulate, despite a decline in prices
US stocks and Bitcoin tends to rise after US presidential elections.
This is because prices are reflecting expectations of economic stimulus measures from the new administration.
US stocks and Bitcoin tends to rise after US presidential elections.
This is because prices are reflecting expectations of economic stimulus measures from the new administration.
Key Events Sheduled This Week:
- July Durable Goods Orders data- Mon
- CB Consumer Confidence -Tue
- Nvidia, $NVDA, Reports Earnings - Wed
- Q2 2024 GDP data - Thursday
- July Pending Home Sales data - Thu
- July PCE Inflation data - Fri
Free speech is under attack. Telegram founder Pavel Durov, who holds hundreds of millions in #Bitcoin, has been arrested for refusing to censor content on his platform.
In response to the detention of Telegram Founder #Durov in France 🇫🇷, many Russian bloggers have called for protests at French embassies around the world on Sunday at noon.
Minutes of meeting(MOM) of FED chair POWELL'S Speech (8/23/24):
- "The time has come for Fed policy to adjust"
- Fed "will do everything" to support a strong labor market
- Fed does not welcome further weakening of the labor market
- Confidence has grown that inflation is heading to 2%
- Balance of risks to Fed mandates has changed
- Inflation has declined significantly toward the goal.
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US total credit card debt Three years ago: $0.78 trillion Now: $1.14 trillion
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US employment falls by 818,000
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U.S. Dollar Index, $DXY, hits lowest level in 2024 as Gold hits all-time record $2,530
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Updated 2Q24 13-F filings for US spot Bitcoin ETFs revealed a rise in institutional inflows – particularly from the "investment advisor" category
Donald Trump says he would offer Tesla CEO Elon Musk a cabinet slot, may end EV tax credit