Today’s Nuggets
RFK JR Withdraws and Bitcoin Surges
Fed Confirms Cuts After 28 Months of Tightening
The Late August Spike
CZ is Out & Binance Doing Real Well
FSD 12.5.1.5 Rolling Out
NASA Gives Up on Boeing
Euro Hits 1-Year High versus USD
This “What Happened” lesson will cover much news to catch you up on all the stuff you may have missed this week. We will weave together a little tapestry of an overall good week of recovery.
The crypto market cap added $260 billion in a week, with a volume that was just shy of $80 billion. Bitcoin is at $64,300, and its dominance is at 53%. The Fear and Greed Index is back at 56.
Let us start with the Marty: Market Overview. I love this overview because we can cover a lot in a very short window of time, which is exactly what I like to do.
Gold is just off all-time highs.
Bitcoin bounced back so fast, from 58K to 64K in a little over a day or so.
The cost of energy is at an all-time high.
NVIDIA is returning to an all-time high zone at $129 ($140 is ATH).
Tesla is in a holding pattern up in the $220-ish range.
Oil is on the lower end range.
NASDAQ futures are up.
The S&P 500 is at an all-time high.
RFK is a very pro-Bitcoin candidate and withdrew as a presidential candidate, but the market liked that.
To be fair, the Fed's dovishness also had an impact.
The Fed confirms rate cuts after 28 months of tightening and Bitcoin soars.
For those two reasons, Bitcoin and crypto had a great week. The alts are on fire as well; not only do they fall faster, but they are also much faster.
I would: add if you have enough Bitcoin, you do not need to worry about a job…
However, I believe the next five years will be very transformational - be ready and prepared as well out there.
Bitcoin is up a whopping 1.72%
Ethereum is up 2.29%, outperforming Bitcoin by a little bit.
Solana is up 16.26%.
Cardano, Polkadot, and Avalanche are in dark green as well.
The stock market previous to last week did well while crypto was down. All of a sudden, the stock market is flat.
NVDA is up 4%.
TSLA is up 2%.
AMZN is flat.
META is flat.
AAPL is flat.
MSFT is flat.
Overall, big tech was
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