So due to recent events in the world, $BTC and $ETH tested the peak values of the crypto market, also Oubis organized an attack on Monero, the USA refused to replenish the crypto reserve from its state budget, and the Turkish exchange Btc Turk lost $47 million. Also, Trump's meeting $TRUMP with the Russian dictator, all of this affected the cryptocurrency market globally.
So the previous week was 🫡 very volatile for digital assets!!
First, a rapid rise, then a fall, for example, on Monday BTC was at $118,000 and on the same day rose to $122,000 and then returned to the morning values. On Tuesday and Wednesday, Bitcoin traded in the range of $118,000 - $120,000, and at night on August 14, digital gold reached a historic maximum of $124,000, but there was an immediate correction to $117,000, as confirmed by the chart attached to this article below.
As for Ethereum,#Ethereum it followed its idol BTC and tried to imitate it, specifically, it demonstrated less severe downturns. Also, during the second capitalization, the cryptocurrency lacked just $100 to update Ethereum's record of around $4880, which is again confirmed by the chart below.
Its growth was accompanied by significant inflows of ETFs from August 5 to 14, with inflows of $2.8 billion.🤗😊 However, on Friday, August 15, the products lost $60 billion, 🫣 against the backdrop of a general market decline.
Currently, quotes are #ETH around ₴4500, while the weekly growth was 8% against a zero baseline #Биткоина .
Also, besides Bitcoin, its ATH was updated #BNB near the mark of ₴867, with a growth of 7% over the week, considering natural corrections, of course.😉
And simultaneously #solana the rate exceeded $205
The overall market capitalization is held somewhere just above $4 trillion, and Bitcoin's dominance has decreased to 56% percent.
THE LEVEL of cryptocurrency fear among crypto investors fluctuates around 65%, alerting us to more cautious behavior.😊
THANK YOU FOR YOUR ATTENTION, I HOPE MY ARTICLE WAS TO YOUR TASTE.
