August 24 Morning News: The overall market is still more likely to trade in a range. BTC is around $77,583, up 0.38% in 24h; ETH 2,460, +1.14%; BNB 703.8, +0.52%; SOL 95.4, -0.95%. The total market cap across the whole network has returned to around $2.62 trillion.
Right now, the flow of funds looks more like churning between highs and lows. Strong performers are ETH and BNB, while SOL is still catching up after the lag. My take is that there’s no need to rush to chase. First, see whether BTC can continue to hold above 77,000. If it holds, altcoin sentiment will be much more likely to warm up.
Right now, the flow of funds looks more like churning between highs and lows. Strong performers are ETH and BNB, while SOL is still catching up after the lag. My take is that there’s no need to rush to chase. First, see whether BTC can continue to hold above 77,000. If it holds, altcoin sentiment will be much more likely to warm up.