Hey, blockchain folks! Check out the latest news from our ecosystem and the financial market, straight from August 21. The vibe is kind of 'waiting for the next move', but the news keeps coming!
Traditional Markets: Five Days of Decline and Anxiety for Powell 📉
It seems that global markets decided to take a break... downwards. There have been five consecutive days of declines, and the blame falls on those holding their breath. Why? All eyes are on Jerome Powell from the Fed, who will speak tomorrow at the Jackson Hole symposium. The expectations are huge, and people are more anxious than a newbie in a bull run.
Despite the turbulence, there are some bright spots: the Eurozone PMI came in better than expected, but it didn't make much difference in the market. Meanwhile, the US PMI rose to 55.4, which is a sign that the economy there is expanding. Just a tip for those also following the traditional market.
News that Impact (or not) Brazil and Crypto 🇧🇷
In Brazil, the political news is heating up! The Federal Police indicted Jair and Eduardo Bolsonaro for coercion and obstruction of justice, and Pastor Silas Malafaia was also targeted in a Federal Police operation. Meanwhile, Banco do Brasil blocked Minister Moraes' credit card. Yep, Brazilian politics never stops.
But what matters to us is the news coming from the Chamber of Deputies: the first hearing on PL 4501/24 took place! This project proposes creating a strategic Bitcoin reserve of up to US$ 19 billion! Can you imagine the impact on the market? It's spine-tingling!
And speaking of impact, Bitcoin and Ethereum ETFs felt the blow:
🤩 Outflows of US$ 315 million in BTC ETFs
🤩 Outflows of US$ 240 million in ETH ETFs
This could be a sign that people are waiting for Powell's comments before making the next move. Bitcoin's dominance is at 59%, and the 'Fear and Greed Index' is at 50. In other words, people are neither scared nor overly greedy. It's pure indecision!
Hot Quotes for You to Stay Tuned! 💹
Check out the prices to see how our assets are performing:
💰 Bitcoin: US$ 112,780.41
🪙 Ethereum: US$ 4,259.02
💵 Dollar: R$ 5.49
💶 Euro: R$ 6.37
💷 Pound: R$ 7.36
BTC65,934.01-0.75%
SOL81.27-1.13%
ETH1,982.05-0.74%