pull down to refresh

Summary
  • 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.