Author Topic: Money/inflation, the Fed, Banking, Monetary Policy, Dollar, BTC, crypto, Gold  (Read 652224 times)

Crafty_Dog

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ya

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Looks like Sept 5, will be good, per Martin Armstrong's Socrates arrays. A lot of cycles lining up.




ya

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Crafty_Dog

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Coincidentally, I had a conversation the other day at the gun range with a man I thought to be your basic patriotic southern redneck.

Turns out he was a self made financial planner heading a firm he had founded "driving a $100K truck".

I asked his thoughts on BTC.   

"I'll believe in it when it hits $100K."

ccp

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I love where that red circle is sitting   :-D

ya

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Looks like Sept 5, will be good, per Martin Armstrong's Socrates arrays. A lot of cycles lining up.



Well we did get the Panic cycle yesterday. Am monitoring for Sept 5, will if the arrays change.

ya

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BTC compared across previous cycles.

ya

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Things  still moving per plan. I expect volatility starting Sept. The arrays are great at predicting volatility, but direction is a bit of an art. In this instance it helps that we have a strong green trading cycle.
https://standard.socratesplatform.com/Chart/GetChartSnapshot/66d33378ba42778bac75ca80


ya

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Re: Money/inflation, the Fed, Banking, Monetary Policy, Dollar, BTC, crypto, Gold
« Reply #3159 on: September 06, 2024, 03:58:39 AM »
Looks like the Socrates array forecast on the daily time frame was incorrect/misinterpreted. From now on, I will focus on the longer time frames, weekly or better monthly!.

DougMacG

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Money/inflation, Lessons not learned, more shocks coming
« Reply #3160 on: September 07, 2024, 06:00:29 AM »
 (Doug) Strange what policy makers (Jay Powell, Dem leadership) call success. For another view, people by 2 to 1 margin consistently say country headed in the wrong direction.

www.ft.com/content/2ee6364e-3d48-447c-9b37-659d0f36d656?segmentId=b385c2ad-87ed-d8ff-aaec-0f8435cd42d9

More economic shocks coming, soon.

(Doug) Why wouldn't everything go wrong when we do everything wrong.
« Last Edit: September 07, 2024, 06:32:09 AM by DougMacG »

Crafty_Dog

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Re: Money/inflation, the Fed, Banking, Monetary Policy, Dollar, BTC, crypto, Gold
« Reply #3161 on: September 07, 2024, 07:33:48 AM »
After its huge recent surge, VIX dropped back to around 14 and now is around 22.  For me this means the whiff of volatility is in the air.

Gold is holding above $2500, silver has receded about 10% to $28.  Oil was in the low to mid $80s not so long ago and now is in the high $60s.   

Does any of this speak to BTC? 

I am sensing conflict between the hypothesis of BTC as a haven from a disintegrating financial system and what we are seeing in BTC's price.   Or is this me once again being a near perfect contrary indicator haha? and that what we are seeing is squeezing out the greed mo-mo money from the last surge and laying the foundation for the next leg up?
« Last Edit: September 07, 2024, 08:02:52 AM by Crafty_Dog »

ccp

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Re: Money/inflation, the Fed, Banking, Monetary Policy, Dollar, BTC, crypto, Gold
« Reply #3162 on: September 07, 2024, 07:42:31 AM »
Would a 50 basis point rate cut see the market respond positively?  date for this as per Powell is Sept 18

and maybe help flailing BTC.


ya

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Re: Money/inflation, the Fed, Banking, Monetary Policy, Dollar, BTC, crypto, Gold
« Reply #3163 on: September 07, 2024, 08:20:08 AM »
BTC compared across previous cycles.


This I believe will be valid. BTC rises in Nov per previous cycles and also what the spiral clock  is showing. Two independent methods. You have to do some study to understand the spiral clock, but what it is showing is that at 9 pm (Nov) BTC rises and will peak at 200 K. Sounds like a lot of hocus pocus, but study more here. https://bitposeidon.com/
Never get married to any model and no one can predict the future, but sometimes the models work. Other models predict higher numbers. It will matter who gets elected, if Trump, whether he makes the BTC stockpile as promised.


ya

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Re: Money/inflation, the Fed, Banking, Monetary Policy, Dollar, BTC, crypto, Gold
« Reply #3164 on: September 07, 2024, 08:33:23 AM »

I am sensing conflict between the hypothesis of BTC as a haven from a disintegrating financial system and what we are seeing in BTC's price.   Or is this me once again being a near perfect contrary indicator haha? and that what we are seeing is squeezing out the greed mo-mo money from the last surge and laying the foundation for the next leg up?





ccp

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Rate cut expected in 11 days
« Reply #3166 on: September 07, 2024, 09:38:24 AM »
listened to some Kudlow on his radio show this am.
One guest said it is a 25 basis point cut almost for sure.
Thus already baked in by the big shots.

Another said a 50 basis point cut would spook the markets - the Fed must know something the big shots don't.
Kudlow agreed that would drop the dow by few thousand points.

The second guest said that if the FED could convince the "market" that a 50 basis points is not a panic cut but simply a bigger cut to speed things up it could be helpful.


ya

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Re: Money/inflation, the Fed, Banking, Monetary Policy, Dollar, BTC, crypto, Gold
« Reply #3167 on: September 09, 2024, 05:03:39 PM »

I am sensing conflict between the hypothesis of BTC as a haven from a disintegrating financial system and what we are seeing in BTC's price.   Or is this me once again being a near perfect contrary indicator haha? and that what we are seeing is squeezing out the greed mo-mo money from the last surge and laying the foundation for the next leg up?



Answer: Perfect Contra Indicator :wink:

ya

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Re: Money/inflation, the Fed, Banking, Monetary Policy, Dollar, BTC, crypto, Gold
« Reply #3168 on: September 10, 2024, 04:07:46 AM »
In hind sight the arrays I posted were off by a couple of days. Typically these identify turning points and can be off by one unit, i.e. a daily can be off by 1 day. In this case, they signified the end of the downward phase. As was posted a while ago, the monthly arrays show Oct 2024 and March 2025 as the next major turning points. I will add that I think, BTC starts rising in Oct and by Feb-March peaks (atleast the first peak). Thats my reading of the tea leaves.
« Last Edit: September 11, 2024, 05:05:49 AM by ya »

Crafty_Dog

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Re: Money/inflation, the Fed, Banking, Monetary Policy, Dollar, BTC, crypto, Gold
« Reply #3169 on: September 10, 2024, 05:48:09 AM »
Thank you.

Crafty_Dog

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Coinbase Bytes
« Reply #3170 on: September 12, 2024, 06:36:55 AM »

What’s up? It’s Coinbase Bytes

There’s never a dull moment on the blockchain. Here’s what you need to know this week:

Crypto markets leveled off after the steepest drop of 2024. How crypto ETFs, altcoins, and onchain activity are faring amid recent volatility.
Has BTC hit its bottom for this cycle? As the Fed’s rate-cut verdict looms, crypto analysts weigh in with bull and bear cases.
This week in numbers. Bitcoin’s cumulative trading volume so far this year, the list of startups in a crypto accelerator program, and more stats to know.

Bitcoin
$57,372.77
-1.63%

Ethereum
$2,340.93
-4.47%

Solana
$132.43
-0.88%

XRP
$0.53
-4.18%

Dogecoin
$0.10
+3.48%

Cardano
$0.35
+9.35%
Price changes are for the past week, ending on Sep 12, 2024 at 12:02 AM UTC

See the latest prices
   
MARKET BYTES

With rate cuts likely approaching, BTC rebounded after its worst week in a year

Last week, BTC experienced its worst run in a year as pressures mounted in the form of mixed U.S. job data, deflation risk in China, uncertainty over the impact of the U.S. presidential election, and September’s reputation as a slow month for asset classes like crypto and stocks.

On Monday, however, bitcoin prices bounced back above $57,000, a gain of more than 9%. The rally came as markets began to anticipate next week’s Federal Reserve meeting, at which the U.S. central bank is widely expected to cut interest rates for the first time since raising them to two-decade highs in 2023 (more on this in the story below).

Here are three more market stories you should know.

Crypto ETFs just had their worst streak since launch

The biggest catalyst for crypto’s 2024 rally was the launch of spot BTC exchange-traded funds (ETFs) in January, which included record-breaking products from Wall Street giants BlackRock and Fidelity.

Over eight days ending on Sept. 6, however, investors pulled $1.2 billion from the funds in the longest run of net outflows since launch. According to Bloomberg, the outflows were “part of a wider retreat from riskier assets in a challenging period for global markets.”

Signs of life… On Monday, several of the BTC ETFs saw their balance sheets begin to turn around. ETFs from Fidelity, Bitwise, ARK, and Invesco notched a combined $28.6 million in inflows. BlackRock’s leading IBIT product, however, continued to shed capital, losing $9.1 million.

==========================


   
ANALYST FORECAST

Have we gotten past BTC’s bottom for this cycle?

Since hitting a new all-time high in March, bitcoin sold off and has been mostly trading sideways for months. But next week, an announcement from the Federal Reserve has the potential to shake things up in a major way.

The U.S. central bank is widely expected to begin cutting interest rates from the two-decade highs where they’ve been sitting for more than a year.

Meanwhile, crypto market sentiment remains in “fear” territory and analysts are divided on where things are heading next. While a number of technical indicators suggest that BTC is poised to rise, its price action could be dependent on the Fed’s next move, and how markets respond.

So, are we past this cycle’s bottom for BTC, or is there more volatility to come?

Here’s what you need to know.

What does a rate cut typically mean for markets?

Rate cuts are often considered to be a bullish signal, and investors have been anticipating one for months, especially following two straight months of jobs reports that showed emerging challenges in the labor market. After the latest report showed 142,000 jobs added in August (18,000 below expectations), BTC sank to monthly lows around $52,500.

Falling interest rates generally mean that more money flows throughout the economy because borrowing becomes less expensive. They also make hanging on to cash less appealing. Investors currently have around $6 trillion sitting in money market funds, which they could begin deploying into other markets, like crypto or stocks.

Over the past 100 years, for example, whenever there has been an interest-rate cut followed by no recession, the stock market averaged a 17% gain over the following year, notes an article from Bankrate.

Is there a scenario where a rate cut is bad for crypto?

Potentially. Currently, most investors are anticipating a 0.25% rate cut, with just 30% betting on the Fed cutting rates by 0.50% next week.

If the Fed cuts rates more than expected, the move could create more fear for investors, who might see a deep rate cut as a sign that the Fed has serious concerns about the economy. A smaller rate cut, on the other hand, could indicate that the Fed has confidence in the economy’s resilience and isn’t anticipating a major downturn. 

What are analysts predicting will happen?

September is historically one of bitcoin’s worst-performing months of the year. But if the economy remains resilient, September blues could pave the way for a more bullish Q4.

“Buying … in September to build exposure for Q4 has historically been the best spot strategy,” said Vetle Lunde, senior research analyst at K33, and one of many analysts arguing that BTC is currently undervalued.

Other analysts argue that the rate cut has already been “priced in” by traders — and that prices could dip in the immediate aftermath in a “buy the rumor, sell the news” dynamic, before potentially climbing again after the initial sell-off.

“Initially, [rate cuts] are seen as a 'sell the news' event also because they typically occur during economic slowdowns, causing risk assets to underperform,” said Fineqia analyst Matteo Greco. “However, as markets adjust and expectations are priced in, the benefits of lower interest rates start to emerge.”

If the Fed does decide to cut rates by 0.50%, some analysts believe that could cause bitcoin to slide by as much as 20%, which could bring the asset’s price to as low as $40,000. “The chorus is growing louder that the Fed is behind the curve, having missed signs of labor market weakness after being caught off guard in July,” said Markus Thielen, founder of 10x Research.

And if the Fed cuts rates more slowly than expected? A new BlackRock report suggests that possibility could lead to “volatility flare-ups ahead.”

What other factors are investors watching?

Despite the open question of what the Fed will choose to do, a number of technical analysis signals are pointing in a positive direction for bitcoin:

Order book liquidity, which is a measure of how many buy or sell orders have been placed near bitcoin’s market price, largely dried up over the weekend — which is often a signal that a price reversal is imminent.

“It's a signal worth monitoring for traders looking to catch significant movements before they unfold. Understanding these imbalances can help identify key turning points in the market,” said Shubh Verma, co-founder and CEO of Hyblock Capital.
Another key indicator that could portend a trend reversal is bitcoin’s relative strength index (RSI). RSI measures whether an asset is currently “overbought” or “oversold,” with overbought conditions indicating that price could be due for a downward correction, and oversold conditions indicating the inverse.
Over the weekend, bitcoin’s RSI dropped into “oversold” conditions, and its recovery since the weekend’s lows has also aligned with a steady rise in RSI.

The bottom line…

As of Tuesday, market data mostly showed a cautious sentiment — unsurprising given all the unknowns that could have a major impact on prices moving forward, from the outcome of the U.S. presidential election to geopolitical turbulence. Next week, however, all eyes will be on the Fed, which is expected to make its announcement on Wednesday.
« Last Edit: September 12, 2024, 06:45:04 AM by Crafty_Dog »

Crafty_Dog

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Re: Money/inflation, the Fed, Banking, Monetary Policy, Dollar, BTC, crypto, Gold
« Reply #3171 on: September 13, 2024, 06:11:23 AM »
I hve not downloaded or read this but basically it says there are two support levels that look to be tested, the lower of them in the 40s and that the charts are saying bull case is failing to meet criteria.

https://www.ark-invest.com/crypto-reports/the-bitcoin-monthly-august-2024-report/

ya

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ccp

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buying power of $100 by state
« Reply #3174 on: September 14, 2024, 03:10:00 PM »
https://www.dailymail.co.uk/yourmoney/consumer/article-13830963/mapped-purchasing-power-100-dollars-state.html

We always here this:

"While inflation has dropped well below its 40-year-high of 9.1 percent as of June 2022, it is still above the Federal Reserve's 2 percent target."

I think most people understand this but some probably think this mean prices are down and not that the rate of increase is down.

The damage is already done - probably forever.  Unless perhaps oil prices and gas prices decline.


Crafty_Dog

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Re: Money/inflation, the Fed, Banking, Monetary Policy, Dollar, BTC, crypto, Gold
« Reply #3176 on: September 16, 2024, 06:48:43 AM »
Gold now above $2600.

Silver, after having dropped from its peak of 31 to 28 is now back at 31.


Crafty_Dog

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GPF: Russia using crypto for imports
« Reply #3178 on: September 17, 2024, 08:45:26 AM »
second

Russia uses crypto for imports. Russia has begun to use cryptocurrency to buy Chinese imports. The first group of importers to receive payment includes electronics manufacturers, members of the Chamber of Commerce and Industry, and several banks. Notably, the companies transacting with China tend to buy dual-use goods – that is, normal goods that can also be used for military purposes – and thus find it difficult to pay banks in China and elsewhere.

ya

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Re: Money/inflation, the Fed, Banking, Monetary Policy, Dollar, BTC, crypto, Gold
« Reply #3179 on: September 18, 2024, 04:58:18 AM »
From Blackrock.When one asks why is BTC going down in a crisis situation. Look at the 60 day behaviour. BTC is the only asset that trades 24 hrsx 7 days, so when there is a crisis, its the first thing sold to gain liquidity.





Crafty_Dog

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Trump and Crypto
« Reply #3181 on: September 18, 2024, 02:20:27 PM »


https://decrypt.co/249749/donald-trump-launches-world-liberty-financial-project-token-details

Question arises:  It would seem a Harris victory would be REALLY bad for crypto.  What to do?

ya

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Re: Money/inflation, the Fed, Banking, Monetary Policy, Dollar, BTC, crypto, Gold
« Reply #3182 on: September 18, 2024, 04:54:46 PM »
It does not matter who wins.
Trump is good because he will make BTC a reserve asset, that's huge. Kamla is also good, because she will spend like crazy. There are too many democrats who support BTC, its really a bipartisan issue, so I am not concerned. There are two small countries that are officially stacking BTC, El Salvador and Bhutan. There are likely others, who have not disclosed their positions. We have Black Rock's Larry Fink strongly supporting BTC, see their report linked above. The future is really bright.

Crafty_Dog

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Re: Money/inflation, the Fed, Banking, Monetary Policy, Dollar, BTC, crypto, Gold
« Reply #3183 on: September 18, 2024, 05:34:38 PM »
Thank you.

DougMacG

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Proof that the Biden Harris economy is weak
« Reply #3184 on: September 19, 2024, 04:39:06 AM »
https://finance.yahoo.com/news/fed-cuts-rates-half-point-180811423.html

Fed lowers rate while inflation is still unacceptable.  Fed sees economic danger signs.

Wrong solution for the wrong problem.  How do you right size monetary policy when the elected class is spending 39% more than it takes in?

Bigger carbeuter when the problem is two flat tires

https://www.ft.com/content/0f07990d-21a5-4dd2-8e23-6661f34fbbb4

« Last Edit: September 19, 2024, 04:47:21 AM by DougMacG »



ya

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Re: Money/inflation, the Fed, Banking, Monetary Policy, Dollar, BTC, crypto, Gold
« Reply #3187 on: September 20, 2024, 05:46:28 PM »
Two things happened today, both are huge events. 1.BNY Mellon bank is now allowed to custody BTC and offer services. Its one of the oldest and largest banks. soon other banks will follow suit. That means normies can now hold BTC in their bank accts. This will bring thousands of new buyers. 2. ETF options on BTC are now allowed. This also brings huge new money and options provide yield, which has not been possible so far. Pl. see attached write up.


Crafty_Dog

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Re: Money/inflation, the Fed, Banking, Monetary Policy, Dollar, BTC, crypto, Gold
« Reply #3189 on: September 24, 2024, 11:41:07 AM »
Gold $2688
Silver:  $32.50
BTC : 64, about 20% up from where my contrary indicator wanted me to sell haha.
« Last Edit: September 24, 2024, 01:12:08 PM by Crafty_Dog »

ya

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Re: Money/inflation, the Fed, Banking, Monetary Policy, Dollar, BTC, crypto, Gold
« Reply #3190 on: September 27, 2024, 03:49:34 AM »
This analyst, whom I think highly off has analysis using various techniques, such as liquidity, a top in Jan 2025, or 1Q 2015. Interestingly, Martin Armstrong's array model using entirely different technique gives  a panic cycle in Feb 2025 too.





So far things moving per plan. Oct 2024 and Feb-March 2025 are the dates t watch.

Crafty_Dog

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FO: Beneath the surface, dedollarization continues
« Reply #3191 on: September 27, 2024, 01:54:33 PM »


(5) RUSSIA UNVEILS PLANS FOR INDEPENDENT BRICS PAYMENT & SETTLEMENT PLATFORM: At the Russian Energy Week Forum on Thursday, Russian President Vladimir Putin announced plans to create an independent payment and settlement platform for foreign trade transactions between BRICS nations.
The share of the ruble in Russia’s foreign trade operations increased nearly threefold between 2021 and 2023, and now stands at 39.4%.
In 2024, Iran, Egypt, Ethiopia and the UAE officially became BRICS members, joining Brazil, Russia, India, China and South Africa.
Russia is already switching to using national currencies for trade with BRICS countries, and announced the blockchain-based BRICS Pay earlier this year to compete with Europe’s SWIFT and India’s UPI platforms.
Why It Matters: – The announcement is a major strategic move that signals greater economic symmetry between BRICS and its Western counterparts, and underscores Russia’s resilience amid international sanctions and war. The creation of an independent interbank network would accelerate international de-dollarization efforts, bolster national currencies, undermine foreign dependency on Western financial institutions, and blunt the United States’ strategic use of financial controls in times of crisis. – M.N.

Crafty_Dog

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Initial response is that I disagree
« Reply #3192 on: September 30, 2024, 03:26:13 PM »

Crafty_Dog

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Decrypto: Trump's World Liberty Financial
« Reply #3193 on: September 30, 2024, 04:33:06 PM »


 
📝 What you need to know
World Liberty Financial, the upcoming borrowing and lending platform backed by Donald Trump and his sons, began welcoming users to connect a wallet, sign up, and complete know-your-customer (KYC) processes on Monday.

Trump tweeted Monday that he “promised to Make America Great Again, this time with crypto,” and said that the platform would help “make America the crypto capital of the world.” But World Liberty Financial will exclude most Americans as only accredited investors in the country can participate, with steep financial requirements such as a net worth of at least $1 million excluding primary residence.

World Liberty Financial, undeterred, called out “outdated policies and regulations in the U.S.” via a tweet thread, and said that it was “fighting for changes so all Americans” can access the platform and “join the financial revolution.”

Crafty_Dog

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Advertisement
« Reply #3194 on: October 02, 2024, 02:58:44 PM »
If you’re considering adding crypto exposure to your portfolio, start small.

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Crafty_Dog

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Re: Money/inflation, the Fed, Banking, Monetary Policy, Dollar, BTC, crypto, Gold
« Reply #3195 on: October 03, 2024, 03:59:10 AM »
 eligible voters are likely to vote this November, according to recent polling.

What’s up? It’s Coinbase Bytes

There’s never a dull moment on the blockchain. Here’s what you need to know this week:

Bitcoin slipped to $60K to start October. Plus, the latest headlines about ETF inflows, mining profits, and blockchain activity.
How crypto became an essential election issue. Breaking down the key findings from Coinbase’s latest State of Crypto report.
This week in numbers. The amount of VC funding raised for crypto projects this year, the value of BlackRock’s BTC ETF, and more stats to know.

Bitcoin
$60,727.08
-3.98%

Ethereum
$2,365.84
-7.54%

Solana
$139.49
-4.82%

XRP
$0.53
-7.97%

Dogecoin
$0.10
-3.66%

Cardano
$0.34
-10.59%
Price changes are for the past week, ending on Oct 3, 2024 at 12:29 AM UTC

See the latest prices
   
MARKET BYTES

Bitcoin had a historically strong September, despite this week’s dip

September has historically been crypto’s slowest month — but not this year! Even though prices dipped to start the week, BTC was up nearly 8% for the month — reaching as high as $66,000 last Friday — in what turned out to be the strongest September since 2013.

What spooked markets? One factor was likely the expiration of $5.8 billion in crypto options on Friday. Prices dipped Monday on news including Federal Reserve Chair Jerome Powell hinting that further interest rate cuts might not be as large or frequent as traders are expecting; mixed economic data, and increased geopolitical tensions around the world. By Wednesday morning BTC rebounded above $62,000 and Ethereum hovered around $2,450.

Here are three more market stories you should know about.

BTC ETFs recorded major inflows

Last week, spot bitcoin ETFs from firms including BlackRock and Fidelity notched more than $1 billion in inflows — the strongest week since July. Spot Ether ETFs also scored their second-best week since launching this summer, although they remain far behind BTC ETFs in size.

But as BlackRock’s head of digital assets notes, the firm’s $1 billion-plus ETH fund (ETHA) would be considered a huge success in most other contexts: “In most cases, it takes multiple years to never for a new ETF to get to a billion.”

I want my ETF.… Market watchers attribute some of the increased crypto ETF activity to institutional traders warming to the asset class as they take advantage of interest rates declining in the U.S. and the Chinese government launching a $278 billion stimulus plan. In Japan, new crypto legislation could also drive adoption via lower taxes and the launch of crypto ETFs there.
Blockchain activity is up

Activity on the Ethereum blockchain ramped up in the second half of September, according to a new Coinbase report, with ETH fees surging alongside onchain activity. Meanwhile, the total value locked (TVL) on the Base blockchain has broken $2 billion for the first time, up from around $430 million at the start of the year. 

DEX effect… Decentralized exchange (DEX) activity on both chains seems to be a major driver of transaction activity. On Base, the Aerodrome DEX alone makes up more than half of the blockchain’s TVL. For Ethereum, DEX activity was up 9% on Friday compared to the previous week.
Bitcoin mining profits have been down for three straight months

Despite rising bitcoin prices in September, BTC miners saw daily profits sink to the “lowest on record,” according to a new report from JPMorgan. The dip came in the midst of three straight months of declining profits and rising hashrates (a measure of the computational power required by the network).

Pivot to AI… Meanwhile, an increasing number of mining firms are redeploying some of their computational power to AI. One such firm, Hive Digital, has repurposed Nvidia graphic processing units (GPUs) it once used for Ether mining — earning up to $1 an hour per GPU, compared to around $0.12 for crypto mining. “Institutions are much more interested in us with our AI than Bitcoin,” said the firm’s chairman.
Read more market insights

   
COINSTITUENCY

Why crypto has become a key election issue in 2024

As the 2024 presidential election approaches, crypto has emerged as an important issue, with crypto voters poised to play a major role in swing states and beyond. As a result, both candidates have stepped up their overtures to this constituency. 

Vice President Kamala Harris, the Democratic candidate, said that her administration would “encourage innovative technologies like AI and digital assets while protecting our consumers and investors.”

Former President Donald Trump, the Republican nominee, has also voiced his support for crypto, saying he wants the U.S. to be the “crypto capital of the planet.”

But who are “crypto voters” and what do they care most about? Coinbase’s latest State of Crypto report, which includes new Morning Consult data commissioned by Coinbase, set out to answer those questions and determine the potential impact of crypto in next month’s elections. 

Here’s some of what was discovered…

1. Crypto owners are diverse

Crypto owners aren’t just “crypto bros.” They’re demographically diverse, and consist of a wide range of ages and socioeconomic backgrounds.

Sixty eight percent of crypto owners are Gen Z or Millennials, with nearly half being non-white, and 70% earning less than $100,000 annually. And they reach across political lines: An equal share of crypto voters (47%) said that they intend to vote for Kamala Harris and Donald Trump, contradicting media portrayals of crypto owners largely leaning Republican or libertarian.

2. Crypto voters want clear regulations

The U.S. has lagged behind many other developed economies in implementing comprehensive crypto regulations. And crypto voters have noticed, with 74% of respondents saying there should be clearer crypto regulations, and 75% of respondents noting they believed such regulations would be good for the economy.

Notably, the majority of crypto owners surveyed also said they’d consider more involvement in the industry if elected representatives and the U.S. president showed support for pro-cryptocurrency regulations.

3. Crypto voters believe crypto policy should be non-partisan

Many current political issues fall along partisan lines. But crypto voters believe that crypto policy shouldn’t suffer from the same divisions, with 73% of respondents saying that crypto and blockchain legislation should be non-partisan. The same share of respondents also said that crypto-friendly legislation should be backed by both parties.

4. Crypto could be a decisive issue in battleground states

Approximately 52 million Americans owned crypto in 2023 — and around 1 in 8 live in the seven swing states that will likely be key to the outcome of the 2024 presidential election.

There are approximately 1.4 million crypto owners in Pennsylvania, 1.3 million in Georgia, 1.1 million in North Carolina, 940,000 in Michigan, 720,000 in Arizona, 640,000 in Wisconsin, and 385,000 in Nevada.

The bottom line…

With the presidential election this November likely to be decided by a narrow margin, the result could come down to a handful of voters in the most competitive states. Could crypto voters be a determining factor? It’s possible. Consider this: The estimated 52 million Americans who owned crypto last year equals seven times the national vote differential in the 2020 presidential election.

ccp

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Re: Money/inflation, the Fed, Banking, Monetary Policy, Dollar, BTC, crypto, Gold
« Reply #3196 on: October 03, 2024, 05:38:27 AM »
by December BTC could hit 100 K  !!!

 :roll:

Crafty_Dog

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Mark Cuban on Crypto
« Reply #3197 on: October 05, 2024, 11:17:27 AM »

ya

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Re: Money/inflation, the Fed, Banking, Monetary Policy, Dollar, BTC, crypto, Gold
« Reply #3198 on: October 05, 2024, 02:54:25 PM »
Black Rock presentation on BTC, starts from 23 min
https://www.youtube.com/live/uCl80AVw7Jo

ccp

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Re: Money/inflation, the Fed, Banking, Monetary Policy, Dollar, BTC, crypto, Gold
« Reply #3199 on: October 05, 2024, 03:07:33 PM »
I don't like his take on Harris.

He acts like she is suddenly center left not far left and she has many, many ideas separate from Biden.
I don't believe it for a second that that is true.

I do agree with his take on Trump for the most part though not completely.

As for crypto there are some interesting takes on it that are helpful.