Happy Tuesday everyone. Here's what you need to know this morning:

🔵 Today, the impact of ETFs on the price of bitcoin returns. Yesterday, Monday, September 2, the US stock market was not operational due to a holiday. ETFs have been the main factor driving the price of BTC this cycle.

🔵 Japan will continue to raise interest rates, which would make the carry trade even less profitable. There is a risk that even more money will flow out of global markets to the yen, which would be bearish for markets in general.

🔵 Ethereum had its worst month since 2022. The price of ETH closed August with a drop of more than 21%, accompanied by disappointing performance from its ETFs.

🔵 Bitcoin hashrate reaches an all-time high amid the worst profitability in years. Mining activity continues to increase, despite adverse conditions for miners.