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September doing September things.
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Waking up to another day of crypto markets being shaken
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Markets are bleeding. One of the causes? Yesterday, $NVDA got sued by the US Department of Justice for an anti-trust allegation, causing it to go down 10%. $NVDA is one of the biggest stocks in the S&P 500. When it loses $200B in a short period, markets tend to react. Is this the end of Nvidia? Of course not. Even if it is found guilty, Nvidia is going to pay the fine and move on. And so will the markets.
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Me when my bags pump 3% (I'm down 50% YTD)
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Don't get caught up in the noise. Last month, spot BTC ETFs experienced negative overall flows. This was a significant drop compared to March, when the BTC price was climbing and the ETFs were in an explosive phase. However, you shouldn't be overly concerned about the ETF impact on the markets. Data shows that ETF volumes represent only 20% of the market. There's still plenty happening beyond ETFs. When in doubt, zoom out.
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