$BTC
August has historically been one of Bitcoin's weakest months. Not this year.
$BTC just hit $80,000 a three-month high and this is now Bitcoin's best August since 2017. That's not a small stat; this month has quietly broken a pattern that's held for years.
$1.92B in ETF inflows and a wave of short liquidations helped fuel the move. But the bigger question this week isn't crypto-specific at all the Fed's Jackson Hole summit is happening right now, and one analyst called this whole rally "a macro story, not a crypto one." Softer inflation and weaker jobs data are doing more heavy lifting here than any crypto-native catalyst.
Not financial advice historical patterns break until they don't, and this one just did.
Do you think this rally holds through Jackson Hole, or is the market getting ahead of the Fed?
#Bitcoin #BTC #JacksonHole
August has historically been one of Bitcoin's weakest months. Not this year.
$BTC just hit $80,000 a three-month high and this is now Bitcoin's best August since 2017. That's not a small stat; this month has quietly broken a pattern that's held for years.
$1.92B in ETF inflows and a wave of short liquidations helped fuel the move. But the bigger question this week isn't crypto-specific at all the Fed's Jackson Hole summit is happening right now, and one analyst called this whole rally "a macro story, not a crypto one." Softer inflation and weaker jobs data are doing more heavy lifting here than any crypto-native catalyst.
Not financial advice historical patterns break until they don't, and this one just did.
Do you think this rally holds through Jackson Hole, or is the market getting ahead of the Fed?
#Bitcoin #BTC #JacksonHole
