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All-Time High For Stablecoins, Altcoin Updates, and September Preview
Manage episode 438010024 series 2981868
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Join Matt and Nick as they break down August’s market performance, stablecoin supply hitting all-time highs, and the market outlook for September. They also discuss certain altcoins updates including outages for the TON blockchain and MakerDAO’s rebrand.
Key Takeaways
- August was a rough month for crypto—led by BTC (-8.7%), ETH (-22.3%) and SOL (-21.1%)—while major U.S. stock indices managed to record their fourth straight monthly gain.
- Seasonality indicates that it will be more of the same in September, given it has historically been one of BTC’s worst months.
- Stablecoin supply hit all-time highs, indicating increased demand to use blockchains.
- Among the altcoin updates covered: TON struggles with network performance and MakerDAO rebrands to Sky.
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