August 26: 💥💥💥 Market Performance! BTC pulls back, and most altcoins decline across the board. US stocks rise, with AI chip stocks leading. Oil prices fall, while US Treasury yields retreat.
The market is waiting for the PCE inflation data and Nvidia’s earnings report, and after a series of rebounds, crypto is taking some short-term profits.
💥💥💥💥💥 Market hotspots:
1. Hype is up about 1.4% against the trend; on-chain contracts’ leading names still attract capital. High-beta assets like ZEC, TRUMP, ENA, and FET saw larger declines.
2. Futures small-cap coins diverge: Lobster is up about 62%, BMT is up about 52%, and ONT, PROM, STX rise. But PEOPLE, Storj, UAI, Velvet, and Portal plunge.
3. US spot BTC ETFs record net inflows for the 7th consecutive day. On Monday, net inflows were about $338 million, but after BTC broke above $80,000, there was a short-term pullback.
4. CryptoQuant says BTC has entered an early bull market stage, but to confirm more clearly that the bear market has ended, it needs to stay above the 50-week moving average around $81,000–$82,000 on the weekly chart.
The market is waiting for the PCE inflation data and Nvidia’s earnings report, and after a series of rebounds, crypto is taking some short-term profits.
💥💥💥💥💥 Market hotspots:
1. Hype is up about 1.4% against the trend; on-chain contracts’ leading names still attract capital. High-beta assets like ZEC, TRUMP, ENA, and FET saw larger declines.
2. Futures small-cap coins diverge: Lobster is up about 62%, BMT is up about 52%, and ONT, PROM, STX rise. But PEOPLE, Storj, UAI, Velvet, and Portal plunge.
3. US spot BTC ETFs record net inflows for the 7th consecutive day. On Monday, net inflows were about $338 million, but after BTC broke above $80,000, there was a short-term pullback.
4. CryptoQuant says BTC has entered an early bull market stage, but to confirm more clearly that the bear market has ended, it needs to stay above the 50-week moving average around $81,000–$82,000 on the weekly chart.
