The crypto market is experiencing a correction after last week's all-time highs. The total market capitalization fell below $4 trillion USD, generating uncertainty but also new opportunities.
๐ Key Market Points
๐ Bitcoin (BTC) falls back 2-3%, hovering around $115,000 โ $118,000.
๐ Ethereum (ETH) drops harder, nearly 5%, trading between $4,200 โ $4,400.
๐น Chainlink (LINK) surprises with a +14%, driven by strategic agreements.
๐ Factors impacting
The correction occurs amid uncertainty about interest rates from the Federal Reserve ๐บ๐ธ.
The market awaits definitions at the Jackson Hole Symposium, where Jerome Powell will speak.
Macroeconomic pressure generates volatility, but sectors like DeFi maintain strength.
๐ฅ Relevant News
๐ฆ Gemini, the exchange of the Winklevoss twins, submitted a request to list on Nasdaq under the ticker $GEMI.
โ๏ธ Do Kwon pleaded guilty in the U.S. for fraud in Terra/Luna; facing up to 12 years in prison.
๐ World Liberty Financial announced a $1.5B agreement to launch its own cryptocurrency.
๐ a16z & DeFi Fund propose to the SEC a โsafe harborโ for non-custodial DeFi projects.
๐ Opportunities on the Radar
Despite the correction, several tokens are shaping up as medium-term winners:
โจ Ethereum ($ETH ) โ pillar of smart contracts.
โจ Solana ($SOL ) โ high-performance dApps ecosystem.
โจ Chainlink ($LINK ) โ integration in DeFi with new agreements.
โจ Render ($RNDR) & Bittensor ($TAO) โ projects linked to AI.
โ Conclusion
The crypto market is going through a healthy pause after the rally. Although BTC and ETH are correcting, the growth of DeFi, AI, and new integrations shows that innovation continues to set the course.
๐ Traders and holders should pay attention to macroeconomic announcements this week.
๐ What do you think? Is this correction an entry opportunity or the beginning of a bearish trend?
