Hey everyone and thanks for dipping back into the cryptoverse. Today we're going to talk about Ethereum. More specifically, we're going to be discussing the ETH Bitcoin valuation.If you guys like the content, make sure you subscribe to the channel, give the video a thumbs up, and also check out the sale on into the cryptoverse premium add into the cryptoverse. com. The ETH Bitcoin valuation uh is obviously something we follow quite closely on this channel.It is currently at around 0.038%. 038. We can find a ...

Generally speaking, my thought process for Bitcoin right now is that it likely has a date with the bull market support band, which is the 20we SMA and 21week EMA in September. There is always a chance it goes there sooner than September, but the reason I think it's more likely to go there in September is because if you go over to the monthly returns page for Bitcoin on the ITC website, um you can you'll notice that all prior post having years for Bitcoin have had a green July and August, right. 2013, 2017, ...

Hey everyone and thanks for jumping back into the cryptoverse. Today we're going to talk about Bitcoin dominance. If you guys like the content, make sure you subscribe to the channel, give the video a thumbs up, and also check out the sale on into the cryptoverse premium at into the cryptoverse.com. You may have noticed recently that Bitcoin on its USD pair has been dropping a little bit. This is pretty much in line with what we've seen happen um in a lot of the prior posth having years and also even in in ...

Hey everyone and thanks for tuning back into the cryptoverse. Today we're going to talk about Bitcoin and we're going to provide another update to the bull market support band. If you guys like the content, make sure you subscribe to the channel, give the video a thumbs up, and also check out the sale on into the cryptoverse premium at into the cryptoverse.com. Let's go ahead and jump in. We're going to keep this video uh somewhat short and sweet because I don't really think there's a whole lot to add from ...

Hey everyone and thanks for tuning back into the cryptoverse. Today we're going to talk about Bitcoin dubious speculation. If you guys like the content, make sure you subscribe to the channel, give the video a thumbs up, and also check out the sale on into the cryptoverse premium at into the cryptoverse.com. Let's go ahead and jump in. So, Bitcoin has gone to new all-time highs.It looks like it hit around $124,000 and now it has been rejected off of that level. And you know, I was spending some time looking ...

Inflation Analysis - The producer price index (PPI) increased significantly from approximately 23% to 33% year-over-year, a full percentage point increase, exceeding market expectations of 25% [3][4] - The consumer price index (CPI) saw a smaller increase, rising from 267% to about 273% [3] - PPI measures inflation upstream at the production or wholesale stage, while CPI measures it downstream at the consumer level [6][7] - While upstream prices are increasing, it remains to be seen if these costs will be passed on to consumers and reflected in CPI [8][9] - Food and beverage inflation remained relatively stable, while housing inflation decreased, masking increases in other categories such as medical care and recreation [17][18][19] - Housing inflation accounts for approximately two-thirds of overall CPI [20] Market Impact and Monetary Policy - The surge in PPI caused market sell-offs, particularly around 8:30 AM when the data was released [17][33] - Despite the PPI increase, the market still anticipates a rate cut in September, with approximately a 90% probability, although this was previously higher at 97% or 98% [23] - The report suggests that even with a rate cut, the long end of the yield curve may increase due to inflation concerns [24] - Cutting rates with rising inflation may not improve the housing market and could potentially worsen it [27] Consumer Behavior - Sales are declining at some stores like Chipotle, Cava, and Sweetgreen, indicating that consumers may be unwilling to pay higher prices [10][11][13][14] - Lower-end pizza chains are experiencing increased demand, suggesting consumers are seeking more affordable options [12][15]

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Market Analysis and Altcoin Valuation - The crypto industry should prioritize Bitcoin valuation over USD valuation for altcoins, as USD's purchasing power asymptotically approaches zero over time [2][3][4] - The industry primarily values altcoins against Bitcoin or Ethereum, deeming other valuations less relevant for assessing risk and potential uptrends [5] - Altcoins have decreased approximately 61% from their 2021 highs against Bitcoin, with a maximum decrease of about 69% [6] - The industry anticipates altcoins to rally against Bitcoin through late August [9][10] - Ethereum's valuation against Bitcoin has likely bottomed out for this market cycle [11] Bitcoin Dominance and Trend Reversals - Bitcoin dominance often encounters resistance at Fibonacci retracement levels [8] - Historically, Bitcoin dominance tends to reverse its course in September [25][27][28][29][30][44] - Bitcoin dominance typically drops whenever Bitcoin breaks out of a long consolidation period [35][36][37] Ethereum's Influence and Potential "Fake Alt Season" - Altcoins' upward movement against Bitcoin is primarily driven by Ethereum's performance against Bitcoin [17][18][32] - Altcoins have been consistently underperforming Ethereum since April [19][21][70] - The industry foresees a potential "fake alt season" following Ethereum reaching new all-time highs, followed by a correction in September [54][62] Future Outlook and Strategy - A Bitcoin correction is expected in September, potentially leading to increased Bitcoin dominance [40][65] - Altcoins are expected to rally against Bitcoin for the remainder of August, but this trend may reverse in September [22][66][71][74] - The industry suggests a rotation back to Bitcoin is likely to begin in approximately two weeks [67]

Could this time be different. So this is the pattern, right. The pattern that we just talked about.That is the pattern of how all Bitcoin bull markets have ended. Up in July and August, a September pullback, a rally in October, and then you get some type of market cycle top sometime in Q4. That's how it's always happened.Could this time be different. It could be, but sometimes, you know, if it's not broke, why try and fix it. And you know, the the question that I I know that I I'll see down in the comment s ...

Hey everyone, and thanks for jumping back into the cryptoverse. Today we're going to talk about Ethereum as it appears set to target new all-time highs. If you guys like the content, make sure you subscribe to the channel, give the video a thumbs up, and also check out the sale on Into the Cryptoverse Premium at into the cryptoverse.com. Link is in the description below where you can follow along more closely. Ethereum continues to show strength.And again, this shows you the power of Ethereum after it goes ...