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$SOL 🔥$CONAN is FORGED on Solana born from a wild idea with one mission… to MAKE MEME COINS LEGENDARY AGAIN⚔️🔥 Created with full transparency, backed by a growing army of believers.
#CONAN #Solana #BuildOnWeb3 🚀🚀 Like & Share if you’re ready for the Conan
#加密市场回调 is looking forward to opportunities coming!!! 🧧🧧🧧🧧🧧🧧🧧🧧🧧🧧 8888$BTC $ETH 8 Since mid-August, the cryptocurrency market has shown a significant correction trend.
Bitcoin broke its historical high of $124,500 on August 14 and has been continuously correcting. As of August 19, 3:30 PM, Bitcoin fell below $115,000, with a decline of nearly 3% within 24 hours. Ethereum also fell in tandem, with its price dropping below $4,300 on August 19, experiencing a decline of over 6% within 24 hours. By August 26, Bitcoin had closed lower for four consecutive days, having fallen below the $110,000 mark, while Ethereum experienced a decline of over 10% from its peak to that time.
This correction in the cryptocurrency market is primarily driven by the resonance of macro expectations and technical factors. On one hand, the U.S. Producer Price Index (PPI) surged by 3.3% year-on-year in July, indicating increased inflation stickiness. The market's expectations for a rate cut by the Federal Reserve in September dropped from 98% to 84%, causing U.S. Treasury yields to rebound and reducing the attractiveness of risk assets. Furthermore, U.S. Treasury Secretary Yellen stated that the U.S. government would not make new Bitcoin purchases, which, although softened later, still undermined confidence in the cryptocurrency space. On the other hand, both Bitcoin and Ethereum reached historical highs in early August, leading some investors to cash out at high prices, triggering stop-loss sell-offs, while the market's leverage level was relatively high, with the correction phase accompanied by a deleveraging process, further amplifying price fluctuations.
From a fundamental perspective, the KAVA token is integral to a unique and competitive Layer-1 blockchain that combines the interoperability of Cosmos with the developer ecosystem of Ethereum.
Why I prefer to wait for SOL to slow down rather than chase rapid rises.
Today the market had a slight shake, and SOL also lagged behind, but this is not a crisis; rather, it's a signal of opportunity. Below are my true thoughts—no exaggeration, nor pretending to understand; just discussing a few details I’ve been tracking. After seeing SOL maintain a strong position for a period and then pull back, I was not alarmed. I believe many people feel the same: when it rises too fast and too high, it often means accumulating the risk of being squeezed at high positions. A pullback, as long as it doesn't completely break the structure, is a natural adjustment, giving funds that truly recognize the project's prospects an opportunity to buy in at lower prices. I looked at the on-chain active data and found that despite the price fluctuations, the activity did not fall. This indicates that the real demand for trading and usage is still there. The SOL ecosystem does not rely on a 'one-time bull market explosion,' but is more like a 'gradually constructed track'; this resilience can support the pullback.
🦅 $Hawk is not driven by intentional hype, but by the collective efforts of a global community, truly decentralized, paying tribute to the decentralization of $BTC! Every holder is a beneficiary and a responsible party! 🦅 In the future, over 100 million people globally will hold $Hawk, and it will impact every city in the world! 🚀 Will you witness history or become a part of it? #Hawk #BTC @CZ #BNB创新高 #特朗普罢免美联储理事库克