🔷 #Ethereum celebrates its birthday

Today, #ETH turns 9 years old. Vitalik has already congratulated his brainchild and team on Twitter, posting a photo from this memorable day.

Let's also congratulate Ethereum by sharing the funniest memes about it and Vitalik in the comments 🥳

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#CryptoNews

🪙 For the first time in history, #Solana has surpassed #Ethereum in trading volume on #DEX

According to #Defillama data for July, the trading volume of #SOL on decentralized exchanges amounted to $55.8 billion, compared to $53.8 billion for #ETH.

📉 However, despite these positive indicators for Solana, the coin has gone down amidst new testimonies from an #FTX whistleblower. The testimonies reveal that SBF’s conglomerate currently holds about 8% of SOL in its secret wallets, which amounts to approximately $6 billion.

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#CryptoNews

🔽 This morning, #Bitcoin tested the $49,000 level, while #Ethereum broke through $2,300

The largest sell-off of the year caused liquidations exceeding $1 billion in a single day. The market is reacting to rising unemployment in the US, recession fears, and geopolitical tensions in the Middle East. Additionally, the situation was influenced by the largest crash in the Japanese stock market in the past 37 years.

📉 Currently, investors are anxiously awaiting the opening of the US markets, so the current crash may be just the beginning.

Do you believe in crypto and buy during the dip, or are you withdrawing assets in anticipation of an even greater decline?

#CryptoNews

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🧭 The Fear and Greed Index has plummeted to 17

Despite the rise in prices after yesterday's drop, the Fear and Greed Index is in the zone of extreme fear. The last time it was at this level was in the summer of 2022, when the price of #BTC was $20,000.

🪙 Currently, #Bitcoin is holding support above the $55,000 level, and the #Ethereum #ETF has seen a capital inflow of $48 million.

📈 An additional positive factor for the market is that fears of a recession in the US are diminishing amid the growth of the Business Activity Index in the service sector.

Did you manage to buy the dip?

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#CryptoNews

🚀 #Ethereum has surpassed #Bitcoin

At the end of yesterday's trading session, the #Bitcoin-#ETF recorded an outflow of $148 million, while the #ETH-ETF, on the contrary, attracted about $98 million.

Meanwhile, the Fear and Greed Index has rebounded from yesterday's extreme levels and is now at 29, which is characterized as regular fear.

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#CryptoNews

☠️ The market is facing a "Death Cross"

The decline in #Bitcoin and #Ethereum, triggered by the stock market crash, has led to the formation of a worrisome technical analysis pattern known as the "death cross."

🕯 Usually, the "death cross" forms when the 50-day moving average crosses below the 200-day moving average. Currently, a similar pattern can be observed on the #ETH and #BTC charts, signaling a potential significant drop in asset values.

📉 If this scenario plays out, #Bitcoin may fall again to levels around $50,000, and #Ethereum might decrease to the liquidity range around $2,000 per coin.

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#Analytics

this is not a trading recommendation

🎢 The market is reacting with growth following the news about unemployment claims

The number of initial unemployment claims in the U.S. was 233,000, which is lower than the previous figure of 249,000 and the forecasted expectation of 240,000.

🪙 #Bitcoin responded by rising to $58,000, and #Ethereum briefly reached $2,500 per coin.

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#CryptoNews

🔷 After a hard fork, two different blockchains are created, and users must choose which one to use. The most well-known example of a hard fork is Ethereum, which split into two cryptocurrencies: #Ethereum and #EthereumClassic.

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#Glossary

🔷 It accounts for nearly 30% of the total circulating supply of #Ethereum.

The staked coins participate in the process of validating transactions and creating new blocks within the Proof of Stake (PoS) model. In exchange for staking, users receive rewards in the form of additional #ETH.

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#NumberOfTheDay

🌍 Weekly news #CryptoDigest:

🪙 BTC.D (Bitcoin Dominance over altcoins) — 57.35%
🧭 Fear and Greed Index — 25

🇺🇸 August 15 15:30 USD — Number of initial jobless claims. Forecast — 235k, previous value — 233k

📌 #Matrixport believes that a Bitcoin rally is inevitable after the release of U.S. inflation data

🕯 #Bitcoin is reducing volatility — this year, there have only been 25 days with significant price movement

🔷 Gas fees on the #Ethereum network are at an annual low

🪙 A critical vulnerability in the #Solana network has been fixed

🪙 #Ripple has begun testing its stablecoin — Ripple USD (#RLUSD)

🪙 #BTC reserves on exchanges have reached a 5-year low

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