Crypto Market Analysis
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In-depth market insights, analysis, and predictions to help you navigate the volatile crypto landscape.
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๐Ÿค™ Captains Bay ร— AMA Session

๐Ÿ–ผ The pirate team announced the start of today's AMA session, where the entire team will be present and answers to your questions.

โฒ If you are a true pirate and you are going to conquer the expanses of the Caribbean Sea, then the team is waiting for you on 08/31/2024 at 20:00 (GMT +3), that is, today.

๐Ÿ‘ฅ The High Command will tell you about the next NFT sale and how to earn more gold in the mini app.

โ—๏ธ We set the alarm clocks, get ready and meet at the appointed time at the appointed place.
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November signals an inevitable rise โคด๏ธ

The chart shows Bitcoin's reaction following U.S. presidential elections.

As you can see, each time the market experienced strong growth and eventually reached a new all-time high.

This yearโ€™s election will be held on November 5th. Typically, a gradual rise begins about a month before the election, followed by a sharp and strong surge afterward. Until then, significant growth impulses are not expectedโ€”in September, we anticipate either sideways movement or a deeper correction. Only after the end of the month can a solid reversal be expected.

โ–ช๏ธ The red line on the chart represents the U.S. elections.

Crypto Market Analysis
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๐Ÿ’ฐ Coinglass If BTC surges to $65,000, the volume of SHORT position liquidations could reach $6,650,000,000!

Crypto Market Analysis
#Opinion ๐Ÿง

Bitfinex analysts predict a sharp rise followed by a correction in BTC to $40,000-$50,000 if the #Fed cuts rates by 50 basis points in September โ€“ Blog.

โ–ซ๏ธIf the Fed's monetary policy easing is stronger than market expectations, the risk of a U.S. recession will increase.

โ–ซ๏ธA 25 basis point Fed rate cut would mark the beginning of a long-term upward trend for Bitcoin as liquidity increases and recession risks diminish.

Crypto Market Analysis
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#Records
๐Ÿฉธ Minus $287,780,000 - the largest capital outflow from spot Bitcoin ETFs since May 1st this year! (SoSoValue)

Crypto Market Analysis
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๐Ÿป Arthur Hayes now bears the outlook , believing that BTC could drop to $50,000, and altcoins might "sink even deeper into the sewer" article.

Previously: Arthur Hayes: It's time for "only up" in the crypto market. Believing in J. Powell.

Crypto Market Analysis
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#WetDreams #BTC

๐Ÿง™Elliott Waves suggest a "predictable" $340,000 per Bitcoin...

P.S. If we break the line and fall below $40,000, the wave analysts will redraw the chart, and everything will be fine.

Crypto Market Analysis
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๐Ÿ’ธ #ETH The Ethereum Foundation has enough funds for another 10 years โ€“ Reddit

The foundation's balance is $650,000,000 in ETH + fiat. This should last approximately 10 years.

The Ethereum Foundation's current annual expenses are around $100,000,000 (a report will be published soon).

Crypto Market Analysis
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๐Ÿง Bitcoin could crash to $30,000 if Kamala Harris wins the U.S. presidential election โ€“ forecast by Bernstein

๐Ÿ“ˆ If Donald Trump wins, analysts predict BTC could rise to $90,000.

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#CashFlows
๐Ÿ“Š Coinshares: Crypto fund flows report.

โ—๏ธCapital outflow from the crypto industry for the week = $726,000,000 โ€” the highest since March 2024.

โ–ซ๏ธCapital outflow from #BTC-related crypto products = $643,000,000.

โ–ซ๏ธCapital outflow from #ETH-related crypto products = $98,100,000.

โ–ซ๏ธCapital inflow into #SOL-related crypto products = $6,200,000.

โ–ซ๏ธThere was a minor inflow into #XRP and #LTC-related crypto products last week.

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#onchain
๐Ÿ˜ฎ 236,155 BTC ($14.22 billion) have been withdrawn from crypto exchanges in the past two months โ€“ CryptoQuant

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๐Ÿ“Š #OnChain

Santiment: People are actively shorting #MANA, #GRT, and #AAVE โ€“ the liquidation of positions will lead to a significant price spike for these assets.

Crypto Market Analysis
โ—๏ธ๐Ÿ‡บ๐Ÿ‡ธ #AXS, #FIL, #ATOM, #SAND, and #MANA are now classified as securities...

The SEC has updated its lawsuit against Binance.

Crypto Market Analysis
๐Ÿš€ According to Cointelegraph, Bitcoin could rise to $100,000 - $150,000 by the first quarter of 2025.

There is speculation that this could follow the completion of the classic technical analysis pattern "Cup and Handle" on BTC.

Crypto Market Analysis
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#ETF #CashFlow
๐Ÿ˜ฎ BlackRock's spot Bitcoin ETF (#IBIT) recorded an INFLOW of funds yesterday for the first time in 3 weeks

The issuer currently holds 357,550 BTC ($20.7 billion).

Crypto Market Analysis
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๐Ÿ”ž FAIL Another crypto investor "gifted" $649,000 to scammers after copying the scammer's wallet address from transaction historyโ€ฆ

Crypto Market Analysis
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โšก๏ธ Jerome Powell (Chairman of the Federal Reserve):

โœ”๏ธ The economy remains generally strong.
โœ”๏ธ The labor market continues to cool, which is a significant step forward compared to the beginning of this year.
โœ”๏ธ Today's decision reflects growing confidence that labor market stability can be maintained.
โœ”๏ธ Consumer spending remains steady.
โœ”๏ธ Inflation has noticeably decreased but remains above our target level.
โœ”๏ธ The labor market is not a source of increased inflationary pressure.
โœ”๏ธ We expect stable GDP growth.
โœ”๏ธ Inflation risks have diminished.

โ—๏ธ The risks of worsening conditions in the labor market (employment) have increased.
โœ”๏ธ Our forecasts are not a plan or decision.
โœ”๏ธ We will adjust the Federal Reserve's monetary policy as necessary.
โœ”๏ธ If the labor market situation worsens, we can respond.

โ—๏ธ We can lower interest rates faster or slower, or pause if appropriate (depending on the economy).
โœ”๏ธ Most Federal Reserve governors supported todayโ€™s 50 basis point cut, but there was strong debate.
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๐Ÿ” Top 4 countries by Bitcoin holdings! (Arkham)

โ–ช๏ธUSA โ€“ $12,160,000,000
โ–ช๏ธUK โ€“ $3,670,000,000
โ–ช๏ธBhutan โ€“ $785,460,000
โ–ช๏ธEl Salvador โ€“ $351,750,000

Honorable mention โ€“ Germany now holds "ZERO" (following a sale of $3.56B).

Crypto Market Analysis
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