The Market Updates
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The Market Updates
Crypto Trader Since 2007.
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Bitcoin weekly Supertrend has flipped green.
Last time this happened was in January 2023.
Do what you can with this information.
Last time this happened was in January 2023.
Do what you can with this information.
🇺🇸 Something strange keeps happening to America’s jobs data
U.S. job openings for June were revised down by 177,000, the largest monthly downward revision since November 2025 and the third straight month of downward revisions.
Hires: revised down 16,000.
Quits: revised down 19,000.
Layoffs: revised up 19,000.
Job openings have now been revised lower in 38 of the last 43 months.
One revision is statistics. Thirty-eight starts looking like a pattern.
U.S. job openings for June were revised down by 177,000, the largest monthly downward revision since November 2025 and the third straight month of downward revisions.
Hires: revised down 16,000.
Quits: revised down 19,000.
Layoffs: revised up 19,000.
Job openings have now been revised lower in 38 of the last 43 months.
One revision is statistics. Thirty-eight starts looking like a pattern.
2026 monthly candle pattern looks very similar to the 2022 cycle bottom.
Could history be repeating itself?
Could history be repeating itself?
Bitcoin funding rate has flipped negative for the first time in 2 months.
Last time this happened, $BTC pumped 41%.
Last time this happened, $BTC pumped 41%.
₿itcoin is starting to trade more like gold than tech
$BTC and gold’s 90-day correlation has surged to +0.50, nearly matching its 2020 pandemic-era record and more than doubling since the start of the year.
The move accelerated after the US Treasury announced it would at least double buybacks of long-dated government debt.
Meanwhile, Bitcoin’s correlation with the Nasdaq 100 has fallen to around +0.30, a 1-year low.
For years, Bitcoin was called “digital gold” while often trading like leveraged tech.
That distinction is suddenly getting a lot more interesting.
$BTC and gold’s 90-day correlation has surged to +0.50, nearly matching its 2020 pandemic-era record and more than doubling since the start of the year.
The move accelerated after the US Treasury announced it would at least double buybacks of long-dated government debt.
Meanwhile, Bitcoin’s correlation with the Nasdaq 100 has fallen to around +0.30, a 1-year low.
For years, Bitcoin was called “digital gold” while often trading like leveraged tech.
That distinction is suddenly getting a lot more interesting.
🇺🇸 America is heading into Labor Day weekend facing record petrol prices, with GasBuddy forecasting $4.03 per gallon on Monday: above the previous Labor Day record of $3.83 set in 2012.
The national average was already around $4.13 on Thursday, nearly $1 higher than a year ago, as the U.S-Iran war continues to push up energy costs.
So much for the "short-term" pain
Source: Al Jazeera
The national average was already around $4.13 on Thursday, nearly $1 higher than a year ago, as the U.S-Iran war continues to push up energy costs.
So much for the "short-term" pain
Source: Al Jazeera
Altcoin MCap is now at a very crucial level.
A weekly close above the $210B level will put an end to alts bear market.
A weekly close above the $210B level will put an end to alts bear market.
The 2022 cycle bottom confirmed a bounce above the 2017 market peak.
We’re seeing the same setup again.
We’re seeing the same setup again.
Altcoins just broke above $200B after weeks of going sideways.
As long as it holds this level, the short-term picture looks bullish.
As long as it holds this level, the short-term picture looks bullish.
THIS WAS A BIG WEEK FOR CRYPTO
1. Bitcoin hit a 4-month high of $82,300.
2. ETFs bought $986.8M in BTC this week.
3. Crypto MCap hits its first higher high since the October peak.
4. Coinbase filed to launch 24/7 leveraged stock trading in the US.
5. G20 nations agreed to build clear rules for crypto and stablecoins.
6. Russia's crypto regulations went into effect.
7. HYPE hits a new ATH, while ZCash hits $1,000 for the first time in 10 years.
8. 21 global banks, including Bank of America, Citi and Goldman Sachs, have teamed up to launch their own crypto stablecoin.
9. London Stock Exchange is preparing to have its top 100 stocks trade on the blockchain
1. Bitcoin hit a 4-month high of $82,300.
2. ETFs bought $986.8M in BTC this week.
3. Crypto MCap hits its first higher high since the October peak.
4. Coinbase filed to launch 24/7 leveraged stock trading in the US.
5. G20 nations agreed to build clear rules for crypto and stablecoins.
6. Russia's crypto regulations went into effect.
7. HYPE hits a new ATH, while ZCash hits $1,000 for the first time in 10 years.
8. 21 global banks, including Bank of America, Citi and Goldman Sachs, have teamed up to launch their own crypto stablecoin.
9. London Stock Exchange is preparing to have its top 100 stocks trade on the blockchain
🇺🇸 PRESIDENT TRUMP:
“STOCK MARKET SHOULD GO UP.”
“STOCK MARKET SHOULD GO UP.”
The last crypto bull market was the slowest and quietest. There was no real Altseason, no retail euphoria, but institutions were accumulating.
This is why the next bull market will be massive. Trillions will move into the crypto market. Alts will pump, retail euphoria will be back, and crypto will outperform everything.
And all of this will happen once the CLARITY ACT becomes law
This is why the next bull market will be massive. Trillions will move into the crypto market. Alts will pump, retail euphoria will be back, and crypto will outperform everything.
And all of this will happen once the CLARITY ACT becomes law
🇺🇸 TRUMP THREATENS TO STOP TRADING WITH DEFICIT COUNTRIES IF THE FED WON’T CUT RATES
Trump says that unless the Fed cuts rates, he may “stop trading with countries with which we have a deficit.”
China. Mexico. Germany. Japan. South Korea. Canada. India. Taiwan. Just a modest chunk of the global economy.
There is, naturally, a small constitutional hangover.
Trump says the Supreme Court recognized his “absolute right” to do this. Its February ruling said IEEPA does not authorize presidential tariffs. Not quite the blank check he’s describing.
Then there’s Kevin Warsh.
Trump appointed him expecting lower rates. Warsh has since gone increasingly hawkish on inflation, and markets are now taking seriously the possibility that he raises rates on September 16 instead.
So Trump wants a cut.
His Fed chair may give him a hike.
And Trump’s response is essentially: nice global trading system you’ve got there. Shame if something happened to it.
September 16 should be fun!
Source: Reuters,
Trump says that unless the Fed cuts rates, he may “stop trading with countries with which we have a deficit.”
China. Mexico. Germany. Japan. South Korea. Canada. India. Taiwan. Just a modest chunk of the global economy.
There is, naturally, a small constitutional hangover.
Trump says the Supreme Court recognized his “absolute right” to do this. Its February ruling said IEEPA does not authorize presidential tariffs. Not quite the blank check he’s describing.
Then there’s Kevin Warsh.
Trump appointed him expecting lower rates. Warsh has since gone increasingly hawkish on inflation, and markets are now taking seriously the possibility that he raises rates on September 16 instead.
So Trump wants a cut.
His Fed chair may give him a hike.
And Trump’s response is essentially: nice global trading system you’ve got there. Shame if something happened to it.
September 16 should be fun!
Source: Reuters,
Partly True
🩸DUMP:
$410,000,000,000 wiped out from the US stock market in last 2 hours.
$410,000,000,000 wiped out from the US stock market in last 2 hours.
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