#BTCBreaksATH JUST IN: Over $100,000,000,000 wiped out from | Tracie O on Binance Square

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#BTCBreaksATH JUST IN: Over $100,000,000,000 wiped out from the crypto market cap in the past 24 hours.$BTC 
BTCUSDT
Perp
92,327.3
+2.30%
$ETH 
ETHUSDT
Perp
3,233.46
+1.15%
$SOL 
SOLUSDT
Perp
138.33
+5.71%

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TODAY IS A BIG DAY FOR CRYPTO 🚨 At 10AM ET, Powell will deliver a speech at the Jackson Hole Summit. For the past week, the markets have been dumping because of this. The reason is that people think Powell will be hawkish. This is why the September rate cut probability has dropped to 71% But there’s one thing most people are missing. Since the last FOMC meeting, the jobs market has gotten worse. The unemployment rate spiked to 4.2%, initial jobless claims are rising, and jobs data are being revised down. Also, bankruptcies are now at their highest level since 2020. This is all happening while inflation is still below 3%. I think Powell’s speech won’t be as hawkish as the market is expecting. And if he hints about a rate cut, that’ll be the beginning of a massive short squeeze. If he sounds hawkish, the markets won’t dump much as it has already priced that in. In either case, BTC and alts could rally higher in the coming weeks 🚀$BTC #FamilyOfficeCrypto

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#MarketTurbulence THIS WHALE JUST BOUGHT $54 MILLION WORTH OF #BITCOIN. WE'RE SO BACK!$BTC

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#MarketTurbulence BREAKING: 🇺🇸 $2.2 BILLION STRIVE EXPECTS MICHAEL SAYLOR’S STRATEGY TO JOIN THE S&P 500 NEXT MONTH. THIS IS INSANE!$BTC

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