🚀 Weekly Crypto Recap 🔍
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This week's Digest highlighted key events in the world of cryptocurrency, while also touching upon corporate conflicts involving the game Hamster Kombat. Read more ⤵️
Bitcoin Price
Bitcoin started the week trading at $58,400 and rose to $61,000 by Tuesday, August 13. However, it dropped below $57,000 on Friday, August 16. At the time of writing, Bitcoin is trading at $59,900. The total market capitalization of the cryptocurrency market stands at $2.2 trillion, with Bitcoin maintaining a 57.1% dominance index.
US Inflation
The annual inflation rate in the US reached 2.9% in July, down from 3% in the previous month. The consumer price index rose by 0.2% after a 0.1% decrease in June, aligning with market predictions. The Federal Reserve System stresses the significance of these metrics in evaluating inflation trajectories.
Bitcoin Mining Difficulty
The mining complexity of Bitcoin decreased by 4.19%, dropping to 86.87 T. The average hash rate for the period since the last change stands at 740.3 EH/s.
Hamster Kombat Controversy
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Journalists uncovered conflicts within the Hamster Kombat game's management. The developers allegedly failed to share profits with investor AD.RU. The issue is expected to be resolved legally.
Global Energy Tariffs
The International Monetary Fund (IMF) proposed a global increase in energy tariffs by 85% for Bitcoin miners, aiming to reduce carbon emissions significantly.
Robert Kiyosaki's Stance
Robert Kiyosaki, author of "Rich Dad, Poor Dad," critiqued the Federal Reserve System (FRS) and reiterated his recommendation of investing in gold, silver, and Bitcoin.
*Not financial or tax advice. 𝘛𝘩𝘪𝘴 𝘯𝘦𝘸𝘴𝘭𝘦𝘵𝘵𝘦𝘳, 𝘱𝘳𝘰𝘷𝘪𝘥𝘦𝘥 𝘣𝘺 𝘕𝘋 𝘓𝘢𝘣𝘴, 𝘪𝘴 𝘴𝘵𝘳𝘪𝘤𝘵𝘭𝘺 𝘦𝘥𝘶𝘤𝘢𝘵𝘪𝘰𝘯𝘢𝘭 𝘢𝘯𝘥 𝘴𝘩𝘰𝘶𝘭𝘥 𝘯𝘰𝘵 𝘣𝘦 𝘤𝘰𝘯𝘴𝘪𝘥𝘦𝘳𝘦𝘥 𝘢𝘴 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝘰𝘳 𝘵𝘢𝘹 𝘢𝘥𝘷𝘪𝘤𝘦. 𝘐𝘵 𝘥𝘰𝘦𝘴 𝘯𝘰𝘵 𝘰𝘧𝘧𝘦𝘳 𝘪𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵 𝘢𝘥𝘷𝘪𝘤𝘦 𝘰𝘳 𝘦𝘯𝘤𝘰𝘶𝘳𝘢𝘨𝘦 𝘵𝘩𝘦 𝘣𝘶𝘺𝘪𝘯𝘨 𝘰𝘳 𝘴𝘦𝘭𝘭𝘪𝘯𝘨 𝘰𝘧 𝘢𝘴𝘴𝘦𝘵𝘴, 𝘯𝘰𝘳 𝘥𝘰𝘦𝘴 𝘪𝘵 𝘴𝘶𝘨𝘨𝘦𝘴𝘵 𝘮𝘢𝘬𝘪𝘯𝘨 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝘥𝘦𝘤𝘪𝘴𝘪𝘰𝘯𝘴 𝘣𝘢𝘴𝘦𝘥 𝘰𝘯 𝘪𝘵𝘴 𝘤𝘰𝘯𝘵𝘦𝘯𝘵. 𝘗𝘭𝘦𝘢𝘴𝘦 𝘯𝘰𝘵𝘦 𝘵𝘩𝘢𝘵 𝘵𝘩𝘪𝘴 𝘯𝘦𝘸𝘴𝘭𝘦𝘵𝘵𝘦𝘳 𝘥𝘰𝘦𝘴 𝘯𝘰𝘵 𝘱𝘳𝘰𝘷𝘪𝘥𝘦 𝘵𝘢𝘹 𝘢𝘥𝘷𝘪𝘤𝘦.
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Appreciate the detailed analysis of Bitcoin’s market dynamics! Looking forward to more updates and discussions!