Crypto vs Stocks: What the 200-Day Moving Average Shows Now
๐ The S&P 500 is near record highs, but nearly 51% of its stocks are trading below their 200-day moving averages, indicating a bearish internal market condition.
๐ In contrast, 88 of the top 100 cryptocurrencies are above their 200-day moving averages, suggesting a healthier technical position for crypto despite many major tokens being below all-time highs.
๐ Bitcoin and Ethereum recently experienced price drops, contributing to a nearly 3% decline in the overall crypto market capitalization, while Bitcoin's correlation with traditional assets has weakened, complicating market predictions.
#Just_In ๐จ What is Flux? Flux is a decentralized cloud-computing network designed to help developers deploy apps, websites, nodes, and infrastructure without relying on a single centralized cloud provider. โ๏ธ ๐น Why it stands out โข Uses a distributed network of community-operated nodes ๐ฅ๏ธ โข Supports Web3 apps, blockchain services, APIs, and traditional web deployments ๐ โข Aims to improve censorship resistance and reduce single-point-of-failure risk ๐ โข Its ecosystem includes tools such as FluxOS and Zelcore ๐งฉ
๐น The FLUX tokenโs role โข Helps power the ecosystem through node rewards and network incentives โก โข Used across parts of the Flux ecosystem for services and participation ๐ โข Its value can be influenced by adoption, developer activity, broader crypto sentiment, and token-market liquidity ๐
#Just_In ๐จ A 58-year-old Kent County woman won the top prize on the Michigan Lotteryโs $1,000,000 Bonus Scratch Multiplier and elected a lump sum worth about 69% of face value. Two more $1 million tickets remain unclaimed in the game.
AI | Nvidia Faces High Bar to Convince Investors It Remains the AI Platform
PSP Growth Managing Director Momei Qu said Nvidia's earnings will be a key test for the AI trade, with expectations so elevated that simply beating estimates may not satisfy investors, according to Bloomberg.
Qu said the chipmaker must persuade investors it will remain the AI platform of tomorrow as it looks beyond its dominant data center business.
Do you know !? Laopu Gold Co. reported slower revenue and profit growth in the first half as falling bullion prices reduced Chinese consumersโ appetite for its jewelry, according to Bloomberg. The company said the decline in bullion prices dented demand for its luxury products.$BNB
Do you know !? Laopu Gold Co. reported slower revenue and profit growth in the first half as falling bullion prices reduced Chinese consumersโ appetite for its jewelry, according to Bloomberg. The company said the decline in bullion prices dented demand for its luxury products.$BNB
๐ค๐ฌDETAILS ETF FLOW UPDATE: Institutional Money Is Pouring Into Crypto
BTC: $1.92B weekly net inflows โ confirmed. ๏ฟฝ Yahoo Finance +1 ETH: $697.18M โ confirmed. ๏ฟฝ Yahoo Finance +1 XRP: $39.78M โ reported for the same Aug. 17โ21 period. ๏ฟฝ Coin Gabbar SOL: $28.34M โ also reported. ๏ฟฝ Coin Gabbar HYPE: $3.89M โ reported in the same dataset. Crypto spot ETFs recorded broad net inflows last week, with Bitcoin leading the charge at $1.92B, followed by Ethereum at $697.18M. Strong flows across major assets signal growing institutional demand and renewed confidence in the crypto market.