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Crypto Revolution Masters
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BREAKING:
🇺🇸 US INITIAL JOBLESS CLAIMS DATA SOAR TO 235,000.
EXPECTATIONS: 225,000
THE FED SHOULD CUT RATES.
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Markets took a step back across the board, with crypto leading the retreat: Bitcoin dipped 4.8% and Ethereum slid 6.6% following their recent surges, compounded by fading ETF inflows. In the crypto space, altcoins held up relatively well, and BNB stood out by hitting a fresh all-time high. Bitcoin's dominance slipped to around 58.6%, its first prolonged drop since the 2024 election boost. This hints at a broader pivot toward altcoins, though results varied—stablecoins, exchange tokens, layer-1s, and DeFi fared better than riskier bets like memecoins and gaming. The July FOMC minutes prioritized inflation concerns over job market worries, yet evolving risks might prompt a policy tweak, keeping traders on edge about a September rate cut as Powell's Jackson Hole speech looms. As always great insights from @BinanceResearch for last week. 👉 Read more here: https://www.binance.com/en/research/analysis/weekly-market-commentary-2025-08-22/
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