Hi, how are you all?
No no, I am fine too.
Wow, Japanese did us a favour and gave us a good discount on our favourite alt coins. There is 20-50% off going on currently and there might be more.
Here are the key factors of this dump:
1. US Recession fears
The initial catalyst of the sell-off was the jobs report that came out on the Friday. The job growth came in much lower than expected. Only 114,000 new jobs were added in July, compared to 179,000 jobs added in June and 216,000 in May.
2. Japan’s Nikkei 225 index plunges
On Monday, Japan’s Nikkei 225 plummeted due to concerns about a potential recession in the U.S. economy.
3. Rising tensions in the Middle East- Iran vows revenge against Israel
After the killing of Hamas chief Ismail Haniyeh, Iran vowed to take action against Israel, raising fears of a new war. As the situation escalated, the United States responded by announcing it would deploy its military presence in the region.
I don’t know if these are real threats or just temporary news, and if everything will be fine in a few weeks. But have you noticed that when one
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Creating freedom through Crypto as a Community
2 Responses
Thank you. Its hard after years and years to not be back where I was in the last bull. I’m holding 10% of that and refuse to give up. Learning how to learn is sometimes the hardest thing for some of us. lol
It says my comment is awaiting moderation. Are there really Trolls who pay to be here? So I will also say, Thank you so much for the recap. Its really healthy for me to zoom out and stay in the game and thank you all for providing affordable education. Much love. I think I would have given up if not for Annee.