Bitcoin recovered significantly in the second half of August, gaining almost 25% in just five days, driven by Trump's request to Congress to clarify cryptocurrency regulation and by US Treasury bond buybacks, which weakened the dollar. The US software sector also recovered, with the IGV ETF gaining about 16% for the month, driven by better-than-expected earnings from companies like Salesforce, Workday, CrowdStrike, and ServiceNow, which countered the thesis that AI would reduce demand for traditional software. The article highlights the strong correlation between BTC and software stocks, explaining that both are sensitive to the same macroeconomic factors, although BTC often anticipates the sector's recovery. Despite August's recovery, September is historically the worst month for US stocks, so caution is advised.
Jornal Económico04/09/26, 00:08