🟢About the main thing:
1) Tether released another 3 billion USDT in the last week. Throughout the market's rise, USDT's market cap growth outpaced BTC's growth.
$USDC 2) Companies in the stock market are actively engaged in record share buybacks after the reporting season, which is reflected in the S&P500, Nasdaq and Dow Jones indexes, which are confidently rising after the correction.
3) The dollar index is weakening. The market expects a softening of the tight monetary policy.
#IndexDollar 4) Analysts are concerned about the situation on the labor market. Bloomberg scares people with loud headlines about a decrease in the number of jobs in the United States by 818 thousand.
#job 5) The Fed protocol states that a rate cut in September is appropriate. Also on the 23rd, Jerome Powell will speak at an economic symposium in Jackson Hole, where he is likely to support the idea of easing policy.
6) Investor sentiment in the stock market is stabilizing, while fear reigns in the cryptocurrency market. As before, after reaching a new low, we should expect price stabilization and a long stay at lower levels.
7) Bitcoin's dominance is nearing a reversal. It has been growing for more than 600 days, repeating the situation of the previous cycle.