Latest Crypto Market Updates and Analysis.
$BTC Bitcoin (BTC) slipped below $115,000
and ether (ETH) dropped to $4,220 as traders await Fed Chair Jerome Powell’s speech at the Jackson Hole Symposium. The CoinDesk 20 Index fell more than 4.5% in 24 hours.
BTC’s decline pushed it under its 50-day SMA, retreating from last week’s $124,000 record high. ETH faces risk of large liquidations near $4,170, with on-chain data showing over $400M in long positions liquidated overnight.
$BNB QCP Capital noted last week’s 5% pullback, citing $1B in DeFi liquidations, negative funding rates, and risk positioning skewed toward puts. Meanwhile, ETH saw a record validator exit queue worth $3.5B, even as BlackRock’s ETH ETF logged record inflows of $2.32B.
Spot BTC and ETH ETFs together hit a record $40B in weekly trading volume, with analysts saying this reflects growing institutional infrastructure despite near-term volatility.
$ETH Elsewhere, altcoin liquidations outpaced BTC, a dynamic often seen near market tops. DOGE fell over 4% after attacker group Qubic’s community voted to target its network.
In traditional markets, gold rose, European equities slipped, and U.S. futures were muted ahead of Trump’s Ukraine talks with EU leaders.
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