The US economy is slowing: GDP grew only 1.5% in Q2.
But inflation is still too high—PCE in July was 3.7% versus the Fed’s target of 2%. However, in May it was 4.1%, meaning inflation is gradually declining.
🔄So it’s a vicious circle: the economy already needs support via rate cuts, but high inflation doesn’t allow it.
Moreover, the market is pricing in a 36% chance of a rate hike in September.
❗️And on Friday Kevin Warsh will speak at Jackson Hole. His comments could give the market an important signal about what to expect from the Fed in September. $EDEN $BICO $ONT
📈 CryptoQuant: XRP может вырасти до $2 в ближайшей перспективе
• За одни сутки крупные держатели вывели с Binance больше 231,000,000 XRP, это около $335 млн, максимум за последние 6 месяцев
• Для сравнения: 90-дневный средний объем подобных выводов составляет около $40 млн
• Если активность крупных холдеров сохранится и они продолжат накапливать актив, возможно движение XRP к $2
На графике видно, что фиолетовая область (объем выводов) 24 августа резко подскочила выше всех значений за последние полгода, при этом цена XRP в этот же момент тоже пошла вверх, до $1.48.
🐂 CryptoQuant continues: Bitcoin has entered the early phase of a new bull market — over the week, the Bull Score rose from 30 to 80, and eight out of ten indicators are already giving a bullish signal.
For final confirmation, BTC still needs to hold above the 365-day moving average — it’s currently around $83,000. At the same time, analysts warn that after a sharp rally, the market may first move into a correction.