Markets Could Remain Highly Volatile This Week: Here are the Cryptos to Monitor
- PHPzOriginal
- 2024-08-12 21:10:12912browse
The crypto market experienced a major pullback during the weekend, which slashed the prices of the major tokens. Meanwhile, the prices of most of the memecoins are facing extreme bearish heat
Crypto markets experienced a major pullback over the weekend, slashing the prices of major tokens. Memecoins, in particular, faced extreme bearish pressure, threatening to reach their respective support levels. Several key events are lined up for the upcoming week, setting the stage for highly volatile crypto markets.
The upcoming week holds several events that could impact the Bitcoin price and the broader market. U.S. PPI inflation is slated for release on Tuesday, followed by CPI day on Wednesday. Initial jobless claims will be announced on Thursday, and U.S. retail sales on Friday. If CPI data exceeds expectations, it could bode poorly for Bitcoin, while rising jobless claims and U.S. retail sales may sound an alarm for the BTC price.
Apart from Bitcoin and Ethereum, SUI, Helium, and Aptos exhibited remarkable strength and are poised to maintain a healthy upswing.
Sui (SUI) Price AnalysisHelium (HNT) Price AnalysisAptos (APT) Price Analysis
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