Economic calendar

📣Bybit announced that it will list#DOGSin futures trading.

📣Bybit announced that it will list#DOGSin futures trading.

Coinbase has made a preliminary application to the CMB to operate in Turkey.

#FedChair Jerome Powell will speak at the Jackson Hole symposium on August 23.

🇺🇸 Tonight at 03:00 Turkish time, Donald Trump and Elon Musk will have a joint live broadcast on X.

Marathon Digital will issue $250 million worth of bonds to buy more Bitcoin.

📢  Binance to Delisting Six Altcoins on August 19, 2024➕Binance has announced that it will delisted six altcoins on August 19, 2024, including PowerPool (#CVP), Ellipsis (#EPX), ForTube (#FOR), Loom Network (#LOOM), Reef (#REEF), and VGX Token (#VGX).

#BTC CME Futures turned from the 57.945$ support, the green box was an important buyer area for us.

Selling pressures occurred before the 4h candle close (11:00), then the momentum continued upwards.

We can call this a nice shake-up, because the US CPI / PPI data will be released on Tuesday-Wednesday. The GAP up to $61,100 needs to be closed before this data.

Now that these gaps are visible, market conditions are not easy and investors are selling their products at psychological limits and getting back on track.

In summary, if $BTC makes 2h/4h candle closes above our uptrend continuation price of $59,420, upward momentum will continue and the gap will close. Then it will start preparing for new resistances.

Weekly Market Calendar – (August 12-16, 2024)

👇🏻In domestic markets,

♦️ Unemployment Rate
♦️ Retail Sales Volume
♦️ Current Account Balance
♦️ Housing Sales
♦️ Agricultural PPI
♦️ Number of Paid Employees
♦️ Central Government Budget Balance
♦️ Housing Price Index
♦️ Market Participants Survey

👆🏻Data will be monitored.

👇🏻Abroad;

♦️Treasury Budget Balance in the US, Producer Price Index, ♦️Consumer Price Index, ♦️DoE Oil Stocks, ♦️Retail Sales, Unemployment Claims, ♦️Import Prices, ♦️New York Fed Manufacturing Index, ♦️Philadelphia Fed Business Conditions Index, ♦️Industrial Production, Business Stocks, ♦️Housing Starts, ♦️Building Permits, Michigan Consumer Confidence Index;

🔷China's People's Bank of China (PBOC) MLF interest rate decision, Industrial Production, Retail Sales, Unemployment Rate;

🔷Japan's Producer Price Index, GDP, Industrial Production;

🔷Germany's Current Account Balance, ZEW Economic Expectations Index, Agriculture PPI;

🔷Unemployment Rate in the UK, Consumer Price Index, Producer Input Prices, Retail Price Index, GDP, Industrial Production, Goods Foreign Trade Balance, Retail Sales;

🔷Industrial Production, GDP, Foreign Trade Balance in the Eurozone;

👆🏻 Data to be followed.

🔷 Also, the Tokyo Stock Exchange in Japan will be closed on Monday due to “Mountain Day”.

Important Developments:

💥On Monday, August 12, Elon Musk will interview Donald Trump on the X broadcast.

🇹🇷On Monday, August 12, at 10:00, the Turkish unemployment rate will be announced.

🇺🇸On August 13, at 15:30, the US Producer Price Index (PPI) will be announced.
•Expectation: 0.1% •Previous: 0.2%

🇪🇺On Wednesday, August 14, at 16:30, the European Region Gross Domestic Product (GDP) will be announced.

Expectation: 0.6% Previous: 0.4%

🇺🇲On Wednesday, August 14, at 15:30, the US Consumer Price Index (CPI) will be announced.
•Expectation: 2.9% •Previous: 3.0%

🇺🇲US Unemployment Claims will be released on Thursday, August 15th at 3:30 PM.

•Expectation: 232K •Previous: 233K

💥Voting for the#FTXrefund process will end on Friday, August 16th.

#Fed announces biennial meeting schedule

#FOMCwill meet 8 times in 2025 and 2026, as it does every year.

🔷FOMC will meet 8 times in 2025 and 2026, as it does every year.

🔷Accordingly, FOMC meetings will be held in 2025 on January 28-29, March 18-19, May 6-7, June 17-18, July 29-30, September 16-17, October 28-29, and December 9-10.
The bank's meetings will also be held in 2026 on January 27-28, March 17-18, April 28-29, June 16-17, July 28-29, September 15-16, October 27-28 and December 8-9.

🔷In addition, the first FOMC meeting of 2027 will be held on January 26-27.

Source: Bloomberg

Bankrupt Cryptocurrency Company Celsius Files Lawsuit Against Tether! They Are Demanding $2.4 Billion in BTC

♦️According to the latest development, bankrupt cryptocurrency lender Celsius has filed a lawsuit against USDT issuer Tether and is demanding the return of $2.4 billion worth of Bitcoin.

♦️Tether has announced its intention to defend itself against a lawsuit filed by Celsius through the Blockchain Recovery Investment Consortium. The lawsuit was filed in the United States Bankruptcy Court for the Southern District of New York on August 9, 2024.

On August 9, spot Bitcoin ETFs saw $89 million in outflows.

♦️Grayscale spot Bitcoin ETF (GBTC) saw $77 million in outflows.

♦️Bitwise spot Bitcoin ETF (BITB) saw $18 million in outflows.

♦️Fidelity spot Bitcoin ETF (FBTC) saw $19 million in outflows.

♦️Blackrock spot Bitcoin ETF (IBIT) saw $9 million in inflows.

👩‍💻 On August 9, spot Ethereum ETFs saw $15 million in outflows.

♦️Grayscale spot Ethereum ETF (ETHE) saw $41 million in outflows.

♦️Blackrock spot Ethereum ETF (ETHA) saw $19 million in inflows.

♦️Fidelity spot Ethereum ETF (FETH) saw $4 million in inflows.

BREAKING NEWS: Ripple fined $125 million in SEC case.

Mt. Gox, after Germany and the US, now China sales are coming: Hundreds of dormant wallets activated

$1.3 trillion asset manager, Morgan Stanley advisors will start offering spot Bitcoin ETFs to clients today.👀

Kamala Harris has hired a former member of the Binance Global Advisory Board as a Strategic Advisor.

🇭🇰 Hong Kong virtual bank Mox Bank launches crypto ETF trading.👀

Japan's statement to reassure markets: We will not raise interest rates

🇺🇸 Donald Trump's son, @EricTrump, has reportedly "fallen in love" with both #crypto and #DeFi, hinting at a major announcement. 👀