🚀 Trump's Crypto Stash, Bitcoin HODLers, and Election Jitters

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Hey crypto trailblazer, 👋

Welcome to the inaugural edition of Epic Crypto News!

Let's dive into the most important news and updates impacting crypto markets this month.

🔥 This Week's Hottest Crypto News 🔥

1. NBC News reports that former U.S. president and current Republican nominee Donald J. Trump disclosed owning cryptocurrency valued between $1 million to $5 million.

2. Despite Bitcoin price volatility, Glassnode data shows that 75% of all Bitcoin has been held, or shall we say, hodled, for over 6 months. This shows resiliency among crypto bulls and is a strong indicator that the best is yet to come for the world’s largest cryptocurrency.

3. Crypto game, Hamster Kombat, amassed over 22 million subscribers on YouTube by offering prizes as airdrops. Wow!

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🌐 Macro Matters: Top Factors Shaping Crypto Prices

While we're all busy watching charts and hunting for the next 100x gem, let's zoom out and look at the bigger picture. Here are the top macro factors impacting crypto prices:

1. Inflation's Hangover 💸 Remember when money printer went brrr? Well, now we're feeling the aftereffects. Recent inflation has left many retail investors with lighter wallets, meaning less cash to throw at their favorite coins. The silver lining? Bitcoin's looking pretty good as an inflation hedge right now.

2. Election Uncertainty: Harris vs. Trump 🗳️ The upcoming U.S. election is adding more spice to the crypto curry. Trump's pro-crypto stance has bulls excited, while Harris and the Democrats have traditionally been more cautious. Either way, uncertainty is the name of the game, and markets love uncertainty about as much as a cat loves a bath.

3. Interest Rates: The Fed's Next Move 📉 Word on the street is that the FOMC might be cutting rates come September. Lower interest rates could mean more money flowing into riskier assets (hello, crypto!). But remember, in the world of central banking, nothing's certain until J-Pow drops the mic.

💹 Market Snapshot: August 18th, 2024 at 10:30 PM Pacific Time

• Bitcoin (BTC): $58,521

• Ethereum (ETH): $2,629

• BNB Chain (BNB): $533

• Solana (SOL): $142

🧠 Crypto 101: What is Bitcoin Dominance?

Ever heard traders obsessing over "Bitcoin Dominance" like it's the latest crypto soap opera? Let's break it down faster than a weak hands investor during a dip.

Bitcoin Dominance is simply Bitcoin’s market cap as a percentage of the entire crypto market. In other words, how much of the crypto pie is Bitcoin hogging for itself?

Here's the secret sauce: Bitcoin Dominance = (Bitcoin's Market Cap / Total Crypto Market Cap) x 100

Why should you care?

• High BTC Dominance: Bitcoin's flexing, altcoins are sweating.

• Low BTC Dominance: Altseason might be coming, time to dust off those obscure tokens!

Pro Tip: When BTC dominance drops, it often means investors are feeling frisky and taking more risks. When it rises, they're usually leaning back on Bitcoin for safety.

Until next time, crypto trailblazers! Like the markets, our next edition might come faster than a sudden price pump or take its time like a long consolidation phase.

But here's something to look forward to: Want to see crypto giveaways in future editions? So do we! Click our sponsor's link above to check out their offer. Your support brings us closer to dropping some sweet crypto in your wallets! 🚀💰

Stay epic,
Epic Crypto News Team


DISCLAIMER: This newsletter is for educational purposes only. Nothing here is financial advice. Do your own research before making any investment decisions. Crypto markets are volatile and risky. Only invest what you can afford to lose.