Market capitalization is $3.86 trillion, dominance index is 59.82%.
The external background is neutral-negative - stock indices are slightly down, and the dollar index is rising.
After the inflation data spike last week, the probability of a rate cut in September remains high (80%), while subsequent cuts in 2025 are already in question, which is how the markets are reacting.
The second point today is that European guests have arrived at the White House for negotiations on Ukraine.
Trump didn't even come out to greet them at the entrance, even though there were many of them. A stark contrast to the red carpets and fighter jet escorts in Alaska.
Zelensky was met and praised for wearing a jacket).
If all these movements end up like Zelensky's previous visit to the White House, the markets will be disappointed. But not for long.
On Friday, Powell will speak at the symposium in Jackson Hole. If he talks about monetary policy, it could cause movements in the markets.
If we look at the truly important factors for the market, we see the following:
In July, the volume of money supply M2 sharply increased. Usually, 2-3 weeks after such a spike, stock indices also shoot up.
After the signing of that very law, Trump's actions in early July saw the national debt increase by $800 billion. And this is just the beginning.
In the crypto market, we see corporate purchases.
- SharpLink Gaming has bought another 21,959 ETH on balance.
- The Dutch company Amdax plans to list a new company AMBTS on the exchange, which will buy BTC on balance and aims to purchase 1% of Bitcoin's supply.
- BNB Network Company announced that it has accumulated 325,000 BNB tokens on its balance sheet and plans to buy 1% of the supply.
And such news comes out daily. Therefore, all plans for Bitcoin this year and in the longer term remain in place.
The same applies to Ether and the rest of the Top.
The forecast for the next 24 hours is the same range for Bitcoin ($115K-$120K).
