The Crypto Market Enters the Final Week of August on a Mixed Note
- 王林Original
- 2024-08-26 18:10:18970browse
While the top three cryptos are showing resilience, other assets are struggling to sustain value.
August’s final week began on a mixed note in the crypto market. While the top three cryptos showed resilience, other assets struggled to maintain their value.
BNB, Cardano, XRP, and Dogecoin all saw losses in the past 24 hours. Meanwhile, Bitcoin and Ethereum remained largely unchanged. Assets like Solana, Toncoin, and TRON saw rapid gains.
The week brought the Fear and Greed Index to 52, indicating a neutral stance among traders. On that note, here's a daily crypto update with the latest market movements.
Bitcoin began the week with a minimal 0.42% decrease in 24 hours. Over the past week, the crypto has gained 9.33% in value.
The stable performance pushed the crypto past the $63K mark. It currently trades at $63,953, eyeing the $64K level. As per the Rainbow Chart, Bitcoin is still available at a discounted price, presenting a potential high ROI opportunity for investors.
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Like Bitcoin, Ethereum also maintained a strong position in the market. ETH saw only a 0.85% decrease in 24 hours, while its weekly performance saw a 4.54% gain.
It currently trades just above the $2,700 level, aiming for the $2,800 mark. Its ongoing struggle against resistance levels keeps traders watching closely. As ETF inflows begin ramping up, experts expect the crypto to see a significant rally.
TRON saw a rapid 11.18% increase in 24 hours, continuing its impressive rally this week. The crypto began the week with a 2% gain and has now seen double-digit gains.
Its recent performance has brought TRX to the $0.08 mark. It aims for the $0.09 level as traders anticipate a potential rally towards $0.1. With 1 TRX currently valued at $0.079, the asset could see a 26% gain to reach $0.1.
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