Bitcoin Struggles in Volatile Market While Ether Remains Steady: Crypto Daybook Americas
An overview of the current trends in cryptocurrency markets focusing on Bitcoin and Ether.
Recent in
An overview of the current trends in cryptocurrency markets focusing on Bitcoin and Ether.
Cryptocurrency markets are in a holding pattern as investors anticipate comments from Fed Chair Jerome Powell that could influence future rate adjustments.
Security concerns linked to a proposed attack on Dogecoin by the Qubic blockchain community have led to a substantial decline in DOGE's price, along with a notable drop in futures open interest.
Traders face a challenging macro backdrop as Cardano and Dogecoin experience significant losses, with Bitcoin falling below critical support levels.
Bernstein has maintained its positive view on Robinhood, increasing its stock price target significantly.
Bitcoin and ether briefly dropped to previous lows before recovering slightly, while major altcoins showed weaker price movements.
BONK shows resilience as it finds support at a critical level, with institutional interest gauging potential upward movement from its current price zone.
The NEAR Protocol saw its price fluctuate between $2.78 and $3.05 amidst significant institutional trading activity, making a slight recovery before closing at $2.82.
The Japanese yen has gained strength against both the dollar and Bitcoin, as U.S. Treasury Secretary Scott Bessent suggests that the Bank of Japan will need to raise interest rates to combat inflation.
BONK experiences its most substantial daily gain in recent weeks, hitting $0.000027 before a minor pullback due to profit-taking.
Data reveal a mixed inflation report for July, with the core rate rising faster than anticipated, leaving markets awash in speculation about a Federal Reserve rate cut.
XRP remains beneath the crucial $3.65 threshold, where bearish signals have appeared, as market data suggests profit-taking among holders.
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