This Week In Crypto (CW41)

Welcome to another edition of our weekly newsletter, where we bring you the latest updates and insights from the world of cryptocurrencies.

As always, we have scoured the internet and our sources to provide you with a brief outlook for the upcoming week and a quick recap of the most noteworthy events from last week.

🔍 Economic Data and Fed Insights

This week promises to unfold some crucial data that could potentially sway the crypto markets. The US Department of Labour is set to unveil the latest consumer and producer prices (CPI and PPI). These numbers are always a keen point of interest, given their capacity to influence market dynamics, especially in the realm of interest rate fluctuations.

👉 Let’s see how these figures will influence the markets. The release of the September FOMC meeting minutes by the Federal Reserve is another event I’m eyeing. This could bring insights into the central bank’s outlook and might play a pivotal role in shaping decisions leading up to 1 November.

📉 Market Sentiment

We are currently witnessing the crypto market in a phase of sideways movement. The euphoria surrounding ETFs has simmered down, and the lawsuit against Sam Bankman-Fried (SBF) is the new talk of the town.

👉 Now might be an opportune time to employ a Dollar Cost Averaging (DCA) strategy if you havn’t already. I am personally keeping an eye out for potential volatility.

⚠️ Justin Sun, stUSDT Ethereum Rumours

Last week I covered for all pro members the potential billion dollar scam of Justin Sun evolving around Huobi, stUSDT, TUSD and USDT.

On-chain data shows that Tron (TRX) founder Justin Sun suddenly relocated hundreds of millions of dollars worth of Ethereum (ETH). Rumours of an Ethereum sale linked to Justin Sun are doing the rounds.

👉 Stay away from Huobi, stUSDT and TUSD. AND Never keep crypto on an exchange! Keep an eye on developments, but remember to get information from reliable sources!

🌍 Geopolitical and Humanitarian Tensions

The ongoing conflict between Israel and Palestine is not just a regional issue, but one with potential global ramifications. The situation is, to put it mildly, terrible and affects millions of people.

👉 I’m hoping for a somehow peaceful resolution! Also, the implications of this conflict are far-reaching and could potentially impact global markets, including crypto.

That’s a wrap for this week’s crypto rendezvous! Remember, the world of crypto never sleeps, and neither do we. Stay curious, stay enthusiastic, and keep riding those crypto waves. 🌊

That’s it for this week.

As always, stay curious, stay informed, and stay invested.

Wish you all a good start into the week!