BE READY FOR SEPTEMBER SUFFERING
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π‘ $115,000,000 liquidated from the cryptocurrency market in the past 60 minutes.
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What to know:
Cardano's retail sentiment has turned bearish, with a bullish-to-bearish commentary ratio of 1.5:1, the lowest in five months.
ADA's price rebounded by 5% amid the sentiment dip, suggesting a potential local bottom as traders sold in frustration.
Analysts suggest that whales might accumulate ADA during this period of retail pessimism, as similar patterns have been observed in other cryptocurrencies.
π’
What to know:
Cardano's retail sentiment has turned bearish, with a bullish-to-bearish commentary ratio of 1.5:1, the lowest in five months.
ADA's price rebounded by 5% amid the sentiment dip, suggesting a potential local bottom as traders sold in frustration.
Analysts suggest that whales might accumulate ADA during this period of retail pessimism, as similar patterns have been observed in other cryptocurrencies.
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Ether Leads Crumbling Crypto Prices in Shocking Reversal From Early Rally
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What to know:
Crypto markets reversed early gains and tumbled after weak U.S. job growth initially sparked rate-cut optimism.
Ether (ETH) led the drop, shedding nearly 4% in minutes, while bitcoin (BTC) fared better with a milder decline.
Already having priced in a 25 basis point rate cut for September, traders upped bets on a possible 50 point move.
Things, however, quickly reversed following the opening of the stock market. Leading the way lower, was ether (ETH), which shed nearly 4% in a manner of minutes and is now down by 1.5% over the past 24 hours at $4,279. Solana
SOL
$203.30
and XRP
XRP
$2.8182
suffered similar percentage-wise declines. Bitcoin
BTC
$110,872.11
outperformed a bit, sliding closer to 2.5%, but still remaining slightly higher over the past day at $110,500.
π’
What to know:
Crypto markets reversed early gains and tumbled after weak U.S. job growth initially sparked rate-cut optimism.
Ether (ETH) led the drop, shedding nearly 4% in minutes, while bitcoin (BTC) fared better with a milder decline.
Already having priced in a 25 basis point rate cut for September, traders upped bets on a possible 50 point move.
Things, however, quickly reversed following the opening of the stock market. Leading the way lower, was ether (ETH), which shed nearly 4% in a manner of minutes and is now down by 1.5% over the past 24 hours at $4,279. Solana
SOL
$203.30
and XRP
XRP
$2.8182
suffered similar percentage-wise declines. Bitcoin
BTC
$110,872.11
outperformed a bit, sliding closer to 2.5%, but still remaining slightly higher over the past day at $110,500.
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