«Bear cycle is over»: the main crypto market news
Trend repair or a real reversal?
Key morning numbers:
* Bitcoin (BTC): trading below $79k (down 2% over the past day after yesterday’s test of $81.3k).
* Ethereum (ETH): near the $2.45k mark.
* Market capitalization: above $2.65T (+0.60%).
* Crypto Fear & Greed Index: 65 points out of 100 (the “greed” zone).
* ETF inflows: on August 24, $314M entered BTC funds, while $179M went into ETH.
Analysis and risks:
* Technical barrier for BTC: the $81.3k level, where Bitcoin met resistance, coincides with an important 50-week moving average (SMA). In past cyclical periods, a confident breakout above it served as a signal for the start of a global bull trend.
* CryptoQuant CEO Ki Young Ju says the “bear cycle is already over,” citing early bullish indicators similar to those seen in January 2023.
* Capital is gradually rotating from Bitcoin to ETH and riskier assets, which traditionally fuels talk of a possible start to the altcoin season.
$NVDAB $BTC
Trend repair or a real reversal?
Key morning numbers:
* Bitcoin (BTC): trading below $79k (down 2% over the past day after yesterday’s test of $81.3k).
* Ethereum (ETH): near the $2.45k mark.
* Market capitalization: above $2.65T (+0.60%).
* Crypto Fear & Greed Index: 65 points out of 100 (the “greed” zone).
* ETF inflows: on August 24, $314M entered BTC funds, while $179M went into ETH.
Analysis and risks:
* Technical barrier for BTC: the $81.3k level, where Bitcoin met resistance, coincides with an important 50-week moving average (SMA). In past cyclical periods, a confident breakout above it served as a signal for the start of a global bull trend.
* CryptoQuant CEO Ki Young Ju says the “bear cycle is already over,” citing early bullish indicators similar to those seen in January 2023.
* Capital is gradually rotating from Bitcoin to ETH and riskier assets, which traditionally fuels talk of a possible start to the altcoin season.
$NVDAB $BTC
