Happy Friday!

Bitcoin’s bull run appears to be going to bed or, as one analyst put it, is “asleep” — why is that?

Eric Trump remains as bullish on Bitcoin as ever — he predicts BTC to hit $1 million, ‘no question’.

Plus, Matt Maley’s Inner Circle just delivered multiple 400%+ gains in August — and now you can follow his next moves in real time with our special Labor Day offer. Members receive 4–12 trade alerts a week, plus live market sessions with Matt himself.

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TOP STORY

Bitcoin Bull Market 'Falls Asleep’ After 700% Run, Analyst Warns

Bitcoin is hovering near $110,000 and trading in a tight range, leaving traders questioning whether the bull has fallen asleep after delivering a 700% rally from late 2022 lows.

Bitcoin surged from $15,000 in November 2022 to a record high of around $124,500 earlier this year.

But momentum now appears to be fading.

Crypto analyst Ali Martinez noted Bitcoin’s dominance is starting to crack, mirroring conditions seen ahead of the 2021 peak.

What other signs of trouble does the analyst see?

Read the full scoop here. 

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QUICK N DIRTY

Bitcoin, Ethereum, Dogecoin, XRP are declining again ahead of the extended weekend: here’s what’s driving the market today.

Raoul Pal is unfazed by this dip and says the market is “ready for launch” but still in the “waiting room“. Here’s what he means by that.

Bitcoin needs to get its act together or face another deep retrace, according to on-chain data: here’s how low BTC could go.

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FINTECH FOCUS

Eric Trump Says 'There Is No Question' Bitcoin Will Hit $1 Million

Eric Trump, son of U.S. President Donald Trump, told a packed audience at the Bitcoin Asia conference in Hong Kong that global adoption of Bitcoin is accelerating across governments, corporations and powerful families.

"You've got nation states that are buying the hell out of Bitcoin. You've got Fortune 500 companies that are buying the hell out of Bitcoin," Trump said during a fireside chat with event organizer David Bailey.

"You've got the biggest families, you've got the biggest companies on earth that believe in this digital store of value. Everybody wants Bitcoin. Everybody is buying Bitcoin."

So, how does that take BTC to $1 million and when?

Read the full scoop here. 

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