$RARE to cross .27 it need 300 million while it only has 56 million , so chances of reversal are high with this volume 🤔 what you people think please comment
US July PPI Shows Slight Increase According to Odaily, the Producer Price Index (PPI) in the United States for July showed a monthly increase of 0.1%, falling short of the expected 0.2%. The previous month's rate was also 0.2%. On an annual basis, the PPI rose by 2.2%, which was below the anticipated 2.3%. The previous year's rate was revised from 2.6% to 2.7%.
$BNB Fed Governor Bowman Expresses Concerns Over High Inflation According to BlockBeats, on August 11, Federal Reserve Governor Michelle Bowman stated that inflation remains 'uncomfortably' above the target level. She highlighted the ongoing risks of rising inflation and the continued strength of the labor market, indicating that she might not support a rate cut at the next Federal Reserve meeting in September. Bowman acknowledged the progress made in reducing inflation in May and June as positive but emphasized that inflation is still above the Federal Reserve's 2% target, which is concerning. She mentioned that she would adopt a cautious approach when considering adjustments to the current policy stance. Additionally, Bowman pointed out that U.S. fiscal policy, immigration pressures on the housing market, and geopolitical risks could contribute to upward pressure on housing prices. She also noted that the recent increase in the unemployment rate to 4.3% might overstate the cooling of the labor market.
#MarketDownturn BlackRock Bitcoin ETF Volume Surges Amid Market Turmoil With interest rates at a 23-year high, unfavorable economic data has triggered crisis in the stock market. The worries of an economic slowdown for the US has led to plummeting prices, and as many as five trading platforms going down entirely. Those concerns have spread throughout the cryptocurrency market.
BlackRock’s leading Spot Bitcoin ETF has seen its trading volume surpass $1.55 billion in the first hour alone. Last week, more than $250 million had left both Bitcoin and Ethereum ETFs prior to the market downturn. BlackRock’s product still holds more than $21 billion in net assets.
With interest rates at a 23-year high, unfavorable economic data has triggered crisis in the stock market. The worries of an economic slowdown for the US has led to plummeting prices, and as many as five trading platforms going down entirely. Those concerns have spread throughout the cryptocurrency market.
BlackRock’s leading Spot Bitcoin ETF has seen its trading volume surpass $1.55 billion in the first hour alone. Last week, more than $250 million had left both Bitcoin and Ethereum ETFs prior to the market downturn. BlackRock’s product still holds more than $21 billion in net assets.
Don't sell in panic hold your position , because market fallow cycles once this cycle ends bullish cycle start with equal thrust , following things to remember in downturn
1 Don't invest all you funds at once for example invest 10 percent initially and wait for further market drop and then invest more
2 (DCA ) do dollar cost average with your funds
3 Indentify coins with good fundamentals and minimum value like $ARB is sitting at its all time
4 last but not least hold your positions and don't sell in panic , it's market cycle and cycle don't complete with out up trnd