August 17 Morning News: Don’t get excited about the market at first—the overall performance of mainstream coins is still just a minor pullback. BTC 62,860 USD (-0.26%), ETH 1,877 (-0.19%), BNB 601.85 (-0.83%), SOL 74.57 (-1.09%). Total market cap across the entire network is about $2.24 trillion, and the funds are still waiting for direction.
My take: This feels more like range-bound consolidation that shakes people out, not a situation where the trend has completely turned bad. Don’t chase randomly today—watch whether BTC can hold the 62k line. If alts want to rebound, they’ll also have to look at their leader’s mood first.
My take: This feels more like range-bound consolidation that shakes people out, not a situation where the trend has completely turned bad. Don’t chase randomly today—watch whether BTC can hold the 62k line. If alts want to rebound, they’ll also have to look at their leader’s mood first.