The Market Updates
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The Market Updates
Crypto Trader Since 2007.
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🇺🇸 White House advisor Patrick Witt says Democrats blocked the Crypto Clarity Act from a Senate vote last week.
Japan, South Korea, and Russia have already passed their own Clarity Act while Democrats are still delaying regulations.
ALL PEOPLE WANT IS CLEAR REGULATIONS.
Japan, South Korea, and Russia have already passed their own Clarity Act while Democrats are still delaying regulations.
ALL PEOPLE WANT IS CLEAR REGULATIONS.
🇺🇸 President Trump and the White House are urging US senators to reach an agreement and pass the Crypto Clarity Act.
JUST IN:
🇺🇸 US National Debt has surpassed $40 TRILLION for the first time ever.
🇺🇸 US National Debt has surpassed $40 TRILLION for the first time ever.
BREAKING: Reporter Brendan confirms the US Senate will vote on the Crypto Clarity Act on Sept 15th around 2pm.
This is MASSIVE 🚀
This is MASSIVE 🚀
$BTC is trying to escape the descending channel.
One clean breakout could send price straight toward $68K.
But bulls need confirmation first.
One clean breakout could send price straight toward $68K.
But bulls need confirmation first.
🩸CRASH:
🇦🇷 Argentine peso just hit a new ALL-TIME LOW.
If you have $670 today, you are now a MILLIONAIRE in Argentina.
🇦🇷 Argentine peso just hit a new ALL-TIME LOW.
If you have $670 today, you are now a MILLIONAIRE in Argentina.
BREAKING: 🇺🇸 Senate Majority Leader Thune has filed cloture on the motion to proceed to the Clarity Act.
This will put the Clarity Act up for a vote immediately after the Senate returns in September.
This will put the Clarity Act up for a vote immediately after the Senate returns in September.
This is absolutely massive for Crypto.
Russell 2000 just have its highest weekly close ever in history while the US market added $2.8 Trillion.
This is bullish for $ETH and altcoins because historically they followed Russell in 2017 and 2021 bull run.
The money rotation has officially started and it will reach Bitcoin and crypto soon.
Russell 2000 just have its highest weekly close ever in history while the US market added $2.8 Trillion.
This is bullish for $ETH and altcoins because historically they followed Russell in 2017 and 2021 bull run.
The money rotation has officially started and it will reach Bitcoin and crypto soon.
BREAKING: 🇺🇸 Senate Majority Leader John Thune plans to file cloture on the Clarity Act motion.
This would result in a vote on the Clarity Act in September once the Senate returns from recess.
It's coming.
This would result in a vote on the Clarity Act in September once the Senate returns from recess.
It's coming.
Bitcoin dominance has been stuck in a tight range for the past year.
Keeping Altseason away.
In past bull markets, dominance fell as money moved into Alts.
Now there are two levels to watch:
- Above 61%: BTC likely leads
- Below 58%: Altseason could finally begin
Until then, $BTC and high-caps remain the safer play.
Keeping Altseason away.
In past bull markets, dominance fell as money moved into Alts.
Now there are two levels to watch:
- Above 61%: BTC likely leads
- Below 58%: Altseason could finally begin
Until then, $BTC and high-caps remain the safer play.
🇺🇸 Senator Cynthia Lummis:
“I'll continue to work on the Clarity Act with my colleagues and get this done.”
“I'll continue to work on the Clarity Act with my colleagues and get this done.”
CLARITY Act delay is not necessarily bearish.
The delay gives lawmakers more time to improve the bill.
We saw the same thing in 2023 when the SEC repeatedly delayed the Bitcoin ETFs.
But the ETF issuers continued to make changes, which eventually led to approval in 2024 and started a huge rally.
The same can happen this time too, and we could see the Clarity Act becoming law in Q4 2026 or early 2027.
After that, a MASSIVE bull run will start.
The delay gives lawmakers more time to improve the bill.
We saw the same thing in 2023 when the SEC repeatedly delayed the Bitcoin ETFs.
But the ETF issuers continued to make changes, which eventually led to approval in 2024 and started a huge rally.
The same can happen this time too, and we could see the Clarity Act becoming law in Q4 2026 or early 2027.
After that, a MASSIVE bull run will start.
🇺🇸 President Trump says people are paying with Bitcoin, which takes a lot of pressure off our US dollar.
You are not bullish enough on crypto.
You are not bullish enough on crypto.
🇺🇸 The tariffs were supposed to CRUSH U.S. factories, the latest data says otherwise...
The Labor Department just dropped Q2 numbers:
-Manufacturing output up 4.6% annual rate
-Hours worked up 2.6%
-Productivity up 1.9%
Durable goods, the stuff tariffs hit hardest, did even better. Output up 7.3%, productivity up 2.7%, and labor costs actually fell 1.6%.
A strange look for a sector everyone had already buried. Factories are making more, hiring more, and getting more efficient, all at the same time.
Rewind to late 2024 and it was the opposite story. Output shrinking, hours down, productivity slipping. Since then it's climbed in 5 of the last 6 quarters.
Durable output's now sitting at its highest since early 2019. Could still cool off, but so far the collapse everyone called just hasn't shown up.
Source: Breitbart
The Labor Department just dropped Q2 numbers:
-Manufacturing output up 4.6% annual rate
-Hours worked up 2.6%
-Productivity up 1.9%
Durable goods, the stuff tariffs hit hardest, did even better. Output up 7.3%, productivity up 2.7%, and labor costs actually fell 1.6%.
A strange look for a sector everyone had already buried. Factories are making more, hiring more, and getting more efficient, all at the same time.
Rewind to late 2024 and it was the opposite story. Output shrinking, hours down, productivity slipping. Since then it's climbed in 5 of the last 6 quarters.
Durable output's now sitting at its highest since early 2019. Could still cool off, but so far the collapse everyone called just hasn't shown up.
Source: Breitbart
🚨🇺🇸 Gold just ripped higher. Sitting at about $4,417.20 an ounce, up 3% after that weak U.S. jobs report.
Soft payroll numbers have traders dialing back expectations for aggressive Fed rate hikes.
Safe-haven money is pouring in.
Source: TradingView
Soft payroll numbers have traders dialing back expectations for aggressive Fed rate hikes.
Safe-haven money is pouring in.
Source: TradingView
🔥BULLISH:
🇺🇸 Fed rate hike odds in September dropped to 44%.
Yesterday, it was at 56%.
Rate hikes are not coming.
🇺🇸 Fed rate hike odds in September dropped to 44%.
Yesterday, it was at 56%.
Rate hikes are not coming.
🇺🇸 FED RATE HIKE CASE JUST GOT WEAKER
Today, the US unemployment data came in at 4.1% vs. 4.2% expected, its lowest level in 14 months.
This shows that the labor market is strong, but that's not true.
US economy lost -23,000 jobs in July while the expectations were of +80,000.
The private sector added 30,000 jobs while the expectations were of 78,000.
So, despite unemployment heading lower, more people lost their jobs last month.
And the Fed doesn't hike rates when the labor market is weak, as it makes the situation worse.
Today, the US unemployment data came in at 4.1% vs. 4.2% expected, its lowest level in 14 months.
This shows that the labor market is strong, but that's not true.
US economy lost -23,000 jobs in July while the expectations were of +80,000.
The private sector added 30,000 jobs while the expectations were of 78,000.
So, despite unemployment heading lower, more people lost their jobs last month.
And the Fed doesn't hike rates when the labor market is weak, as it makes the situation worse.
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