Traditionally, September is a tough month for $BTC.
However, this year brings a slew of major events.
September key events + some insights
September promises to be an interesting month for the market, especially for crypto.
Several key events could increase market volatility:
- Labor market data will be released on September 6. Similar reports on July 5 and August 5 caused significant volatility, especially the significant decline on August 5.
The market now views job creation, rather than inflation, as the primary indicator of the American economy's health.
On September 18, the results of the two-day Fed meeting, including the decision on rate cuts, will be announced.
September 20 marks triple witching, which occurs only four times a year—on the third Friday of March, June, September, and December—and can lead to a sharp increase in trading volume and volatility.
On September 29, @mr999 will be released from prison. Many analysts expect $BNB to rise on this news.
Additionally, it's worth noting that September has traditionally been a challenging month for Bitcoin, often marked by volatility and downturns due to post-summer trading slumps and macroeconomic shifts.
Consequently,
Bitcoin spot ETFs are seeing significant momentum. On August 23, they saw a substantial $252 million in net inflows—the largest single-day amount since July 23. The funds have been on a winning streak, recording net inflows for seven consecutive days.
However, Grayscale's GBTC faced a setback, with an outflow of $35.55 million, highlighting that not all players are benefiting. In contrast, its smaller ETF, the BTC mini, posted a positive inflow of $50.83 million.
At BlackRock, the IBIT ETF performed well, with an inflow of $86.83 million, while Fidelity's FBTC ETF followed closely, bringing in $63.99 million.
As of the latest data, the top five spot Bitcoin ETFs by assets under management (AUM) are led by Grayscale Bitcoin Trust (GBTC) with $21.4 billion in AUM. BlackRock's iShares Bitcoin Trust (IBIT) follows with $2.2 billion. Fidelity's Wise Origin Bitcoin Fund (FBTC) comes next with $1.34 billion, ARK's 21Shares Bitcoin ETF (ARKB) has $637 million, and Invesco Galaxy Bitcoin ETF (BTCO) rounds out the list with $295 million.
Altcoins Set to Surge After Halving! 🚀
Get ready for a major altcoin rally! 📈 Historical data shows explosive gains after Bitcoin halving events:
- 2012: Altcoins skyrocketed by a staggering 8000%!
- 2016: We saw an incredible 3300% surge!
- 2020: A solid 2100% rally followed!
The pattern is clear: Bitcoin halving often ignites a massive altcoin pump. How high do you think altcoins will fly this time? Share your predictions and join the conversation below! 👇
#AltcoinRally #BitcoinHalving #CryptoGains #Binance
🚨 Bitcoin Bullish Alert! 🚨
Bitcoin is currently retesting a key support zone around $59,000 on the 4-hour chart. This level has proven strong so far, suggesting a potential bullish breakout ahead. Keep an eye on this retest—it could be the start of a significant upward trend! 📈
Stay tuned and watch how $BTC might set the stage for the next big move!
Lessons from 2017's Bull Market: A Cautionary Tale ‼️‼️‼️‼️‼️‼️
Remember the frenzy of 2017 when a new coin launched at just 50 cents soared to an astonishing 10,000? 🚀 The wild price swings from 5,000 to 10,000 within seconds taught me a crucial lesson. I exited decisively, and within hours, the price plummeted back to 50 cents—a dramatic rise and fall that left many in shock. 😲
Some borrowed over 1 million yuan, buying at the peak and losing everything within hours. 💸 The tragedy escalated when angry investors protested, forcing the platform to compensate losses. Sadly, one investor didn't survive the aftermath. 😢
The coin, starting with "W," experienced sharp fluctuations due to the project party injecting ten times the issuance volume. 📉 This led to real tragic outcomes and platform compensation.
So, always be cautious with new coin launches. ⚠️ Thoroughly understand the project and the coin's background before investing. 📚
Coins to Watch: BNX, XRP, Alice, People, and Pepe. Follow my guidance for specific strategies.
Your generous tips help us provide top-tier investment advice! ❤❤❤
Floki’s Valhalla Joins As Associate Sponsors for India’s Tour of Sri Lanka.
FLOKI, the cryptocurrency ecosystem, announced today that Valhalla, a MMORPG (Massively Multiplayer Online Role-Playing Game) spin on the classic Creature-Collection adventure, will be the Associate Sponsor for India’s Tour of Sri Lanka.
This partnership will give Valhalla significant visibility through mid-wicket pitch mats, ground LED boards, backdrops, and other high-visibility ground assets.
Floki is the people’s cryptocurrency and the utility token of the Floki Ecosystem. FLOKI aims to become the world’s most known and used cryptocurrency, focusing on utility, philanthropy, community, and marketing.
India will be touring Sri Lanka following their historic T20 World Cup championship win in the USA. The series will commence with back-to-back T20Is on July 27, followed by ODIs starting on August 1, with a two-day gap between each match. The series is expected to attract significant viewership, with estimations predicting a cumulative viewership of 180 to 220 million for both the ODI and T20I series.
Trump Attacked, Crypto Market Response.
In an unexpected turn of events, former President Donald Trump was shot today. Thankfully, reports indicate that he is not seriously injured.
Despite the shocking news, the crypto market has shown remarkable resilience, performing slightly better than expected. Here are the latest updates on major cryptocurrencies:
Crypto Market Performance
Bitcoin (BTC)
Current Price: $60,000Performance: BTC stood firm at $60K, showing stability amidst the news.
Ethereum (ETH)
Current Price: $3,200Performance: ETH broke through the $3.2K mark, demonstrating strength in the market.
The crypto community continues to monitor the situation closely, but the market's performance indicates a level of confidence and stability even in the face of unexpected events.
U.S. Inflation Drops to 3%: Lowest in Over Two Years
U.S. inflation hits 3% in June 2024.
Lowest level in over two years.
Significant drop from May’s 4% rate.
Federal Reserve may still hike interest rates.
U.S. Inflation Hits a Two-Year Low
In a remarkable development, U.S. inflation has fallen to 3% as of June 2024. This marks the lowest inflation level the country has seen in over two years. The significant decline from May’s 4% annual rate highlights a steady downward trend, though it remains slightly above the Federal Reserve’s 2% target.
Factors Driving the Decrease
Several factors contributed to this encouraging dip in inflation. A notable reduction in gas prices has been a significant driver. Additionally, the rise in grocery costs has slowed, offering relief to consumers. The used car market also saw a price drop, further easing inflationary pressures.
The combination of these elements has resulted in a more manageable inflation rate, providing a reprieve from the economic strain of the past two years. Despite this progress, it’s important to note that the journey to stable inflation isn’t over yet.
Federal Reserve’s Next Moves
Despite the positive trend, the Federal Reserv
Pepe, heartbroken after the game
He just played his last game ever at the Euros... and he's been one of the best players on the pitch again.
Pepe became the oldest player to appear in a knockout stage match in major tournaments,
41 years old.
Legend.
How the crowd is deceived
Friends, today, having analysed the last 5 months on the market, I have once again come to the conclusion that the crowd is always in the negative.
Big capitals and market makers build such a system that they act ahead of the crowd, manipulating it.
Yes, there is no direct manipulation. They just set the desired mood in the market.
📑 Take a closer look at the text below:
They indoctrinate the crowd that the L2 narrative will gain momentum
At that time they pummeled the memecoins
Next they waited for the crowd to realise that memecoins have a yield above L2
Crowd goes from L2 to memes as they are tired of just watching memecoins grow by hundreds of per cent.
Market maker drops memes down, pouring all the money into altcoins
The main mistake people make is they don't know how to wait and always act late.
I think I've made it clear. You can draw a conclusion for yourself.
