Current Overview of the Crypto Market: Total Market Cap $4.02 Trillion, OKB Weekly Increase 123%, 91% Probability of Rate Cut in September
The current total market capitalization of cryptocurrencies is $4.02 trillion, with BTC dominating at 57.7%, having a market cap of $2.32 trillion; the market cap of stablecoins is $276.3 billion, with a slight increase of 0.45% over the past 7 days, of which USDT accounts for 60.39%, indicating solid liquidity.
1. Market Divergence: These Coins Increased Over 30% in a Week
Most of the top 200 projects on CoinMarketCap have risen, with some notable performers:
OKB surged 123.59% in 7 days, with platform tokens gaining popularity;
BIO increased by 131.53% in 7 days, MORPHO rose by 35.13%, leading the gains;
QTUM and ZEC rose by 29.34% and 18.29% respectively, with mainstream altcoins steadily climbing.
2. ETF Outflows vs. Stablecoin Issuance, a Tug of War in the Market
This week, the U.S. Bitcoin spot ETF saw a net outflow of $1.178 billion, and the Ethereum ETF had a net outflow of $233 million, indicating signs of short-term capital withdrawal;
Stablecoins were issued this week, with a 7-day increase of 0.45%, and long-term liquidity continues to accumulate.
3. Expectations for Fed Rate Cuts Heat Up, Key Data Ahead of September Decision
On August 22, Powell stated that 'the risks to employment are rising,' which the market interpreted as groundwork for a rate cut in September, with the current probability of a rate cut rising to 91.2%. With less than a month until the decision, core inflation data will be a key variable.
4. Market Forecast for This Week (8.25-8.29)
Sentiment Indicator: RSI 58.39 (neutral to strong), Fear and Greed Index 59 (unchanged from last week);
Core Range: BTC (112,000 - )117,000 oscillating, ETH (4,200 - )4,700 fluctuating;
Long-term Outlook: Still optimistic about reaching this cycle's peak in Q4, with further upward momentum expected; just wait patiently.
