In This Issue
- I share my thoughts on the state of the market, CPI next week, don’t marry your bag, Ethereum merge & optimize for survival.
- Rekt Capital has the latest technical analysis for you on the market.
- Sam has a report for you on the growing world of NFT finance.
- Defi Dad has a tutorial for you on the top 3 passive strategies for ETH holders going into the Merge.
- Jesse has a ton of hot new airdrops for you.
- Hot new token sales.
- Rebecca has all of the latest news for you.
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Buy, trade, and hold 600+ cryptocurrencies on Binance
What’s On My Mind by Lark
The State of the Market
Europe’s energy crisis continues to be THE story dominating markets.
Russia has cut off the Nord Stream 1 pipeline indefinitely.
Europe is discussing a price cap on Russian gas.
Major metal producers in Europe are shutting shop.
Consumer spending has fallen off a cliff.
The 15 billion Euro bailout for German energy giant Uniper was not enough and more money is being planned. Money printing is already underway with a significant package of 65 billion Euros announced in Germany.
The UK is debating the size of its energy bailout package, but rumours are it could be up to 170 billion pounds.
Meanwhile 1.5 trillion dollars of margin calls were just made, partially on European energy providers who were trying to hedge their bets. It is estimated that the total increase in energy expenditures in Europe will be 2 trillion Euro. Hardly seems like the current bailout plans are anywhere close to being enough.
Markets have been reacting very negatively to the brewing crisis. The S&P 500 took a good hit this week. And of course crypto has been smashed… again…
Bitcoin put in its lowest daily close of 2022 and it was also the lowest daily close since 2020.
Although we did get a nice bounce today as the equity markets rallied higher. Bitcoin needs to put in a daily close above $19,500 before we can start talking about a real rally.
Ethereum buyers seem to be stepping up the pressure before The Merge with the price going from $1,490 to $1,650 today. I wouldn’t be surprised to see a rally up to $2,000 pre-Merge. But 2 days before The Merge the CPI data comes in, more on that in a moment.
Overall though, the markets have been rough, but does that mean there are no opportunities? Of course not. There are many opportunities although they are fewer and further apart these days.
For example, since we first covered GMX it has doubled in price, which if you are thinking from a bull market perspective sounds boring and dull, but then you remember we are in a bear market and suddenly things look different.
The pain of the bear market has blinded many investors to opportunities in the market. There are still coins that make money. There are still NFTs that make money. There are still token sales that make money. There are still defi platforms paying big. And there are still many opportunities outside of crypto, although that is not the purview of this newsletter.
CPI Next Week
The US consumer inflation data will be released on September 13th. Markets will be waiting with anticipation for…
Hi! My name is Lark Davis!
I’m a cryptocurrency investor with years of experience and I’ve been making consistent profits in the crypto space.
I’m passionate about helping others do the same, so I run multiple educational channels on crypto investing.
