KZG Crypto
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Crypto Daily Report for August 20
Market Sentiment
The current Fear & Greed index is 55, in the neutral range, shifting from greed to neutrality. The core feature is a significant decline in investor confidence, with risk-averse sentiment dominating; driving factors include the Federal Reserve's Powell lowering interest rate cut probabilities, hedge funds increasing short positions in ETH, and the continuous outflow of ETF funds causing a chain reaction that exacerbates overall market volatility.
Market Overview
BTC latest price is $112,990.00, with a 24-hour decline of 2.99%; ETH latest price is $4,096.76, with a 24-hour decline of 5.21%. The main causes of price fluctuations are institutional selling pressure and macroeconomic uncertainty. Traders adjusted interest rate cut expectations before Powell's speech on Friday, along with whales continuously offloading ETH/XRP, amplifying market panic and pushing mainstream cryptocurrencies downward in the short term.
The current Fear & Greed index is 55, in the neutral range, shifting from greed to neutrality. The core feature is a significant decline in investor confidence, with risk-averse sentiment dominating; driving factors include the Federal Reserve's Powell lowering interest rate cut probabilities, hedge funds increasing short positions in ETH, and the continuous outflow of ETF funds causing a chain reaction that exacerbates overall market volatility.
Market Overview
BTC latest price is $112,990.00, with a 24-hour decline of 2.99%; ETH latest price is $4,096.76, with a 24-hour decline of 5.21%. The main causes of price fluctuations are institutional selling pressure and macroeconomic uncertainty. Traders adjusted interest rate cut expectations before Powell's speech on Friday, along with whales continuously offloading ETH/XRP, amplifying market panic and pushing mainstream cryptocurrencies downward in the short term.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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