There is currently a lot of panic spreading on social media. The stock and crypto market has also corrected.
The reasons?
The US unemployment rate rose from 4.1% to 4.3%, despite expectations of just 4.1% - the highest level since October 2021.
The Sahm Rule is an indicator that indicates a recession. It is calculated based on the unemployment rate.
For a short time, it was priced in with a probability of over 50% that the key interest rate would be reduced by 0.50% in September.
Warren Buffett and Berkshire Hathaway sold more shares in the last quarter than ever before in his history.
Around 16.6k Bitcoins worth $1.1 billion and 166.3k ETH worth $500 million were moved from a Gemini wallet.
So far, 59k (41.5%) of the approximately 141.7k BTC have been paid out to Mt. Gox creditors. So the majority is still pending.
All of this news has long been public and has probably already been largely priced in.
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