📊 Crypto Market Update 📊

Nvidia earnings was the main focus earlier today. NVDA fell 4% in after-hours trading that was attributed to the perceived slowdown in sequential growth (only 6% QoQ revenue increase, the slowest in recent quarters), and their guidance was viewed as conservative. They also warned investors that the Trump administration's demand for a 15% revenue cut from AI chip sales to China "may lead to litigation." This caused a seesaw with most of the market and resulted in liquidations on both sides.

Although despite this, there was still some positive news:

- Trump Media Company announced a partnership with Crypto, including a 100M stake, which resulted in the price pumping 70%+
- Japan’s ‘Democratic Party for the People’ and ‘Sanseito’ in talks to establish strategic $BTC reserve.
- South Korean Lawmakers Invest in Bitcoin, XRP, and Meme Coins
- EU proposes removing all tariffs on US industrial goods to meet President Trump's demands.
- Metaplanet to raise $837 million to buy more Bitcoin

Upcoming Events
- Aug 28th Jobless claims and GDP
- Aug 29th PCE index and Consumer Sentiment
- Sept 1st launch of WLFI token

Summary ✍️
So as you can see, there are still plenty of bullish catalysts on the horizon. ETF flows are also extremely strong with BTC showing 81M while ETH shows 307M, further solidifying institution's interest in the asset. It's only a matter of time before we see the entire market rally again, especially with BTC still having its CME gap up to 117k. Continue to use these volatile days to your advantage buy on dips at major support levels on the daily/weekly timeframes. Things are about to heat up.
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