🚀Hey there, everyone! Hold on to your seats, because even though the week is ending more slowly due to the Labor Day holiday in the United States, the hot news is already coming in.
The SEC sent an incredible signal to our market, BTC has made a jump and there’s a new altcoin that’s eyeing the smart money.
☕ Let’s go to today’s overview!
On the Macro and Geopolitical Radar 🌍
Post-Holiday Liquidity: Global markets are operating with low volume, in that typical calmness at the beginning of the month after Labor Day. It's time to take a deep breath and prepare for action.
SEC Opens the Door to the Stock Exchange: Huge news! The American agency revealed a new policy that will allow digital assets to be traded on traditional stock exchanges. This is a gateway for crypto to reach a completely new and unprecedented audience of investors.
The Job Market Cooling: The labor market in the U.S. shows signs of "cooling," reinforcing bets that the Fed may cut rates in September. If employment data comes in weak, optimism could fly away.
Capital Migrating to Risk: The Russell 2000 index, which tracks smaller-cap companies, rose an incredible 7% in August. This indicates that money is migrating to assets with more sensitivity to stimuli, a good sign for us as well.
Crypto: Where is the Money Going? 🤑
Bitcoin in Leadership: While most altcoins took a breather, Bitcoin rose 2-2.2%, marking new weekly highs and reaffirming its resilience. Ethereum and XRP remained more contained, and Solana experienced a slight decline.
Remittix, the New Craze: Keep an eye on Remittix (PayFi)! This altcoin launched with a bang and has already raised over $23 million. With the digital wallet arriving on 15/9, the "smart money" crowd is eyeing a potential of up to 100x.
Tether Eyeing Gold: The issuer of USDT is considering adding gold as a reserve. This move reinforces the narrative that our crypto universe has increasingly more connections with traditional value assets, such as "digital gold."
Quick Summary of the Opera 🎭
Crypto Regulation: The SEC has paved the way for crypto trading on traditional exchanges.
Traditional Markets: Stock exchanges are in a holding pattern, watching employment data that could define the future of interest rates.
Altcoins: Remittix stands out as a bet for explosive highs, showing that the search for gems does not stop.
Bitcoin: The BTC continues to show resilience, rising steadily while altcoins are more contained.
The Calendar for Next Week 🗓️
Prepare for one of the most decisive moments of the year! The Fed Conference on 16-17/09 will take place after the CPI and PPI updates. The volatility of Treasuries is already signaling that the market is nervous. What they decide could drive the next phase of the market. Now is when we separate the traders from the novices.
#ListedCompaniesAltcoinTreasury #MarketPullback #RedSeptember
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