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@Binance News Altcoin Season Index Declines to 45, Indicating Shift in Market Dynamics AI Summary According to BlockBeats, data from Coinmarketcap reveals that the Altcoin Season Index has decreased to 45 as of August 20. Earlier, on August 11, the index had dropped to 29. This index indicates that in the past 90 days, approximately 45 out of the top 100 cryptocurrencies by market capitalization have outperformed Bitcoin. The CMC Altcoin Season Index is a real-time metric used to assess whether the cryptocurrency market is currently in an altcoin-dominated season. It is based on the performance of the top 100 altcoins relative to Bitcoin over the past 90 days.#Binance
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@Binance News Monad Testnet Sees Significant Drop in Weekly Transactions AI Summary According to BlockBeats, data from Dune indicates that the Monad testnet experienced a sharp decline in weekly transactions, dropping by 44.4% to 66.16 million. In contrast, the number of weekly active addresses surged by 47.16%, reaching 3.28 million. The total number of addresses on the testnet currently stands at 309 million, with 97,063 new addresses added in the past 24 hours.
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@Binance News Anthony Scaramucci Maintains Bitcoin Price Target Despite Market Fluctuations AI Summary According to BlockBeats, Anthony Scaramucci, founder and CEO of SkyBridge Capital, reiterated his year-end Bitcoin price target of $180,000 to $200,000, despite recent market corrections. In an interview with CNBC, Scaramucci discussed the current state of the Bitcoin market, noting significant consolidation and increased institutional participation#BTC
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@Binance News Ethereum Trader Seeks Short-Term Opportunities Amid Price Fluctuations AI Summary According to BlockBeats, trader Eugene Ng Ah Sio recently shared insights on his trading strategy for Ethereum. He mentioned opening a small position at the current level, aiming to capitalize on short-term opportunities within the $4,400 to $4,600 range after taking profits at $4,700. Ng Ah Sio emphasized that his current risk exposure is significantly reduced compared to previous trades due to a lower risk/reward ratio, although it remains positive. He plans to reassess the situation to determine if further upward movement is warranted.$ETH
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