This week we saw layoffs announced from two of the nation's biggest employers, Walmart and Amazon.
The San Francisco Fed's President talked on Tuesday, injecting significant fear into the bond market.
The stock market continues its strength, but things are beginning to get overheated as we head towards July's CPI announcement on August 10th.
According to the hash ribbon metric, Bitcoin is 59 days into a miner capitulation. The end of a miner capitulation historically marks a bear market bottom. There are signs that difficulty potentially bottomed.
Mining difficulty increased by 1.7%. Bearing no new low in the price of Bitcoin, it is possible that difficulty already bottomed.
RIOT made more money turning off their machines than running them during the month of July.