Good Morning Everyone!
Inflation:
+8.3% YoY in August. Higher than +8.1% expected.
Average interest rate of savings account in America: 0.06%.
Do with this what you want.
With the initial phases of the Merge underway, Ethereum (CRYPTO: ETH) has outperformed Bitcoin (CRYPTO: BTC) and the broader markets over the past week.
That includes the S&P 500 and Nasdaq.
Cryptocurrencies have shown broad resilience since Powell’s hawkish comments last Friday.
In fact, Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and the rest of the gang have collectively outperformed equities over the past week.
Good Morning Everyone!
Remember, as bad as things may seem, history is on our side. The average midterm year – like this one – is typically down as of October 5. It finishes, however, up 6% on average.