Quote (addone @ Aug 16 2025 02:47am)

Everything is down atm

Crypto Market Drop
The cryptocurrency market experienced a significant downturn this week, primarily triggered by the release of hotter-than-expected U.S. Producer Price Index (PPI) data for July, which showed a 3.3% year-over-year increase, far exceeding forecasts.
This data fueled renewed inflation concerns, dampening hopes for an imminent Federal Reserve rate cut and prompting a wave of risk-off sentiment, leading to massive sell-offs and over $1 billion in leveraged trading positions being liquidated within 24 hours.
The market cap dropped from over $4.02 trillion to around $3.98 trillion, with major cryptocurrencies like Bitcoin and Ethereum seeing sharp declines.

U.S. PPI Data as Primary Trigger: The core driver of the sell-off was the July PPI report, which surged to 3.3% year-over-year, the largest monthly jump since June 2022, driven by rising service costs and commodity prices.
This unexpected inflation reading caused investors to reassess the market outlook, leading to immediate and significant price drops across the board.

Massive Liquidations and Market Impact: The sharp price movements triggered extensive liquidations, with over $1 billion in leveraged long positions wiped out in a single day, marking the largest long liquidation since the market downturn in late July and early August.
This forced selling pressure amplified the initial decline, particularly affecting Bitcoin, which fell below $117,200, and Ethereum, which dipped below $4,500.

Market Sentiment and Analyst Views:While the sell-off was severe, analysts largely view the correction as a healthy pullback following a period of impressive gains, rather than a sign of structural weakness.
Some believe the market could find support around the $3.94 trillion level, with a potential bounce back towards $4.00 trillion if this level holds.
However, further declines below $3.89 trillion could signal a more prolonged downturn.

Quote (bogie160 @ Aug 30 2025 12:52pm)

Isn't crypto supposed to be a hedge against inflation, and if not, what is the bull case for crypto?

Quote (addone @ Aug 30 2025 01:22am)

What gave you that idea?
Its a speculative market like dow or nasdaq. In fact it is more volatile. If you want inflation proof get TIPS, land or gold. But even they aren't 100% proof.

The bull for crypto is trust and acceptance. If everyone tomorrow decided to open a wallet and use crypto for everyday purchases instead of regular banking then it will explode.

Quote (Drewof08 @ Sep 1 2025 02:53pm)

You’re right that crypto today behaves like a speculative market, no argument there. But the point isn’t where it is right now, it’s where it’s heading. With the way technology has shot off, it’s hard not to see a shift coming. The reality is this: the dollar isn’t working for people anymore. Housing and rent are outrageous, food prices are through the roof, and cars are selling for what houses used to cost. A massive portion of Millennials will never own a home, not because of “weak work ethic,” but because the math is broken. The system that worked for Boomers no longer delivers the same outcome. Paper and coin money did its job for decades, but it’s outdated in a digital-first world. And unlike gold or land, fiat isn’t just volatile — it’s manipulable. Central banks can print trillions overnight. That’s not stability, that’s slow-motion theft through inflation. The bull case for crypto isn’t about short-term speculation, it’s about trust, acceptance, and modernization. If exchanges had FDIC-like backing, if governments actually supported a framework to make digital assets safe for everyday use, crypto would evolve into something no paper system could match: transparent, secure, borderless, and resistant to manipulation.

The dollar hasn’t just failed the U.S. — it’s failed the world. What comes next won’t be built on paper.