Another working week for the markets is coming to an end. Consumer inflation expectations in the Eurozone, the US, and the UK have fallen to their lowest level since 2022. This further adds to the confidence that the Fed will cut the rate at the next meeting.
🟢 Crypto market: the capitalization of digital assets increased by 2.85% to $2.16 trillion. There is an increase in demand for BTC, which signals the end of market consolidation. Global liquidity increased to $174.67 trillion, which positively impacts cryptocurrency quotes.
The capitalization of altcoins increased by 3.7% over the week. The main focus was on TRON. Thanks to the launch of SunPump, the network is at the top of the discussion, and bullish bets on TRX have risen to their highest level since 2017. On August 21 (in just one day), TRON’s daily revenue exceeded $5.3 million.
🟢 The stock market has slowed but closes the week in the green zone. The S&P 500 rose by 0.8% and the Nasdaq by 0.4%. Nvidia’s upcoming Q2 report is “the most important in years”. Most analysts and global executives do not expect a recession in the next 12 months, but they rate the risk of a recession as the most important for the markets. Otherwise, everything is calm. The global economy is slowing down. Elections are coming up. The vacation season is coming to an end. We are preparing for new bouts of volatility.
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