📈 Daily Market Review 📉
🔸Daily Macro:
🔹Bitcoin Market:
Bitcoin fell below $52,000 but now fluctuates between $54,000 and $55,000.
🔹Bitcoin ETF:
Reported a net outflow of $237.4 million on August 2nd.
🔹Ethereum ETF:
Reported a net outflow of $54.2 million on August 2nd.
🔹Macroeconomic Data:
U.S. added 114,000 jobs in July, below the expected 175,000. Unemployment rose to 4.3%, prompting expectations of a 50 basis point Fed rate cut in September.
🔸Daily Focus:
🔹MicroStrategy:
Plans to raise $2 billion to buy more Bitcoin. CEO Michael Saylor sees Bitcoin as a superior store of value. MicroStrategy holds over 200,000 bitcoins.
🔸Next Focus:
🔹Fed Interest Rate Cut:
Potential rate cut in September due to recession signs and job market weakness, potentially boosting risk assets like cryptocurrencies.
Full review: 👉HERE👈
🔸Daily Macro:
🔹Bitcoin Market:
Bitcoin fell below $52,000 but now fluctuates between $54,000 and $55,000.
🔹Bitcoin ETF:
Reported a net outflow of $237.4 million on August 2nd.
🔹Ethereum ETF:
Reported a net outflow of $54.2 million on August 2nd.
🔹Macroeconomic Data:
U.S. added 114,000 jobs in July, below the expected 175,000. Unemployment rose to 4.3%, prompting expectations of a 50 basis point Fed rate cut in September.
🔸Daily Focus:
🔹MicroStrategy:
Plans to raise $2 billion to buy more Bitcoin. CEO Michael Saylor sees Bitcoin as a superior store of value. MicroStrategy holds over 200,000 bitcoins.
🔸Next Focus:
🔹Fed Interest Rate Cut:
Potential rate cut in September due to recession signs and job market weakness, potentially boosting risk assets like cryptocurrencies.
Full review: 👉HERE👈
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Md Riyaz
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