🔽 The market is in the red again — let’s figure out what happened

The first reason is the decline of the US stock market due to reports from tech companies that did not meet investors' expectations.

🔷 The second significant factor was the capital outflow from #Ethereum #ETF amounting to over $133 million.

🍰 And the cherry on top was the new payouts from #MtGox, transferring $2 billion in #BTC to exchanges.

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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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🚀 #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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#Analytics #SOL

🪙 Currently, experts estimate the potential of #Solana to be in the range of $300 to $1000 per coin. However, on-chain data points to a more likely scenario in the near future — a return to the $190 level.

Among the most significant reasons for SOL's growth are applications for the launch of #Solana-#ETF, the continued interest in meme coins within this ecosystem, the growing competition with #Ethereum in #DEX, and the active efforts of the Solana team to improve the project.

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this is not a trading recommendation

⚡️ The official #Litecoin account hints at an #ETF

It seems that the project team intends to make #LTC great again, though it's possible that this is just an attempt to draw attention amidst the ETF hype 💰

However, considering that #Litecoin is currently not in its best shape and isn't even in the top 20 by market capitalization, this move could very well breathe new life into the "digital silver," which we, bytheway, wrote about here.

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Institutional investors bought 27% more #Bitcoin-#ETF in the second quarter of this year than in the first.

#FactOfTheDay

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🌍 Weekly #CryptoDigest News:

🪙 BTC.D (Bitcoin Dominance over Altcoins) — 56.93%
🧭 Fear & Greed Index — 28

🇺🇸 19.08 4:15 PM (GMT+3) USD — Speech by Waller from the Fed

🇺🇸 20.08 9:45 PM (GMT+3) USD — Speech by Fed Vice Chair for Supervision Barr

🇺🇸 21.08 3:30 PM (GMT+3) USD — Initial Jobless Claims. Forecast — 233k; Previous Value — 227k

🇺🇸 23.08 5:00 PM (GMT+3) USD — Speech by Fed Chair Powell

📌 Trump's chances of winning have risen to 47%

🕯 Over 260 investment firms bought #Bitcoin-#ETF in Q2

🔒 A vulnerability in #Windows was found that allows cryptocurrency theft; the malicious script targets BTC, ETH, XMR, XLM, XRP, LTC, ZEC, BCH, DASH

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🪙 SEC Rejects #SOL-#ETF Proposals

The 19b-4 proposals submitted by Cboe BZX from potential #Solana ETF issuers have been rejected by the #SEC. The agency reminded that it still considers Solana a security.

Apparently, Tyler Winklevoss — co-founder of Gemini — was not without reason when he called on over 50 million U.S. crypto investors to put pressure on Kamala Harris to fire the SEC chair and end the "war on cryptocurrency" 🤷‍♂️

#CryptoNews

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