☢️ Ethereum raised over $ 6.87 million in fees yesterday.
❗️This broke the previous all-time high of $ 4.55 million set in January 2018.
💵 Big Tech companies now account for 31% of the capitalization of the US stock market, which is a warning sign.
History says that before the oil crisis of the 1980s, oil accounted for 25% of the total market, now, for comparison, <3%. Technology rose to over a third of the index in 2000 before the dot-com bubble burst. It is worth considering what we can expect this time ...
❗️Tehter USDT surpassed $ 12 billion market cap.
Since March 2020, Tether's market capitalization has increased 140% from $ 5 billion.
⚡️ BTC market cap is currently ~ 2% of gold.
One exists for only 12 years, the other for 5000 years.
🦠 How the COVID-19 pandemic affected the profits of large corporations in the first half of the year.
🔻Two corporations with the worst balance sheets in the first half of 2020 were oil companies - BP (- $ 21.2 billion) and Shell (- $ 18.1 billion)
🔻Another outsiders of the current circumstances were representatives of the tourism industry and air carriers Delta (- $ 6.3 billion), car manufacturers Volkswagen (- $ 1.8 billion), Wells Fargo banks (- $ 1.7 billion).
🔻One of the first major losses was suffered by Boeing, whose profit fell by $ 3 billion in the first half of 2020.