Market Overview 16.08

24h Price Movement:

- $BTC decreased by more than 3k from $59k8 to $56k1 after the news of the US government transferring Bitcoin to Coinbase, now recovered

- Most Altcoins are also decreasing to adjust according to BTC

- The depressing period for Altcoins is expected to last until the end of Q3

- Over $49 million stablecoin netflow was deposited into exchanges in the past 24h

Biggest Gainers/Decreases:

- $RARE (+27.15%)

- $SYN (-7.32%)

Notable Cash Flows on Binance:

- The market is adjusting so there is no notable cash flow

24h News:

- DOGS announces details of tokenomics and airdrop

- Memecoin FLOKI cooperates with Nottingham Forest Club

- Starknet (STRK) is suspected of launching a phone

AE trade FT then into biography