🌅 Market Update | The Fed turns hawkish and pressures; Bitcoin drops to $77.9k
Fed Chair Waller downplays weaker inflation data, while rate-hike expectations heat up. Bitcoin promptly plunges and triggers about $488 million in crypto liquidations (Cointelegraph/CryptoSlate). As of 09:00 Beijing time on August 29, major coins are broadly down. Live market data shows:
- Bitcoin: $77,878.9, -3.10% over 24h; 24h range $76,888–$81,500; short-term support 76,900; resistance 80,000
- Ethereum: $2,445.1, -2.69% over 24h; range $2,405.8–$2,535.6; support 2,400; resistance 2,530
- Binance Coin: $691.8, -2.92% over 24h; range $685.5–$718.9; support 685; resistance 718
Total market cap: $2.64 trillion; Bitcoin dominance: 59.0% (CoinGecko, real-time).
📅 What to watch today:
1️⃣ Fed Chair Waller turns hawkish; rate-hike expectations rise, putting near-term pressure on risk assets
2️⃣ BlackRock Bitcoin ETF sees roughly 115% daily inflows, driving net inflows to the whole market; institutions are divided, but it provides support
3️⃣ Solana network validators pass a proposal to accelerate token-inflation slowdown, which is bullish for the supply side
Data sources: Live market data (as of 08-29 09:00 UTC+8), CoinGecko (market cap/dominance), Cointelegraph/CryptoSlate (news).
👉 Do you think Bitcoin can hold the $77k level, or will rate-hike expectations drive further downside? Let us know your view in the comments below 👇
$BTC $ETH
#行情早报 #BTC #cryptocurrency
Fed Chair Waller downplays weaker inflation data, while rate-hike expectations heat up. Bitcoin promptly plunges and triggers about $488 million in crypto liquidations (Cointelegraph/CryptoSlate). As of 09:00 Beijing time on August 29, major coins are broadly down. Live market data shows:
- Bitcoin: $77,878.9, -3.10% over 24h; 24h range $76,888–$81,500; short-term support 76,900; resistance 80,000
- Ethereum: $2,445.1, -2.69% over 24h; range $2,405.8–$2,535.6; support 2,400; resistance 2,530
- Binance Coin: $691.8, -2.92% over 24h; range $685.5–$718.9; support 685; resistance 718
Total market cap: $2.64 trillion; Bitcoin dominance: 59.0% (CoinGecko, real-time).
📅 What to watch today:
1️⃣ Fed Chair Waller turns hawkish; rate-hike expectations rise, putting near-term pressure on risk assets
2️⃣ BlackRock Bitcoin ETF sees roughly 115% daily inflows, driving net inflows to the whole market; institutions are divided, but it provides support
3️⃣ Solana network validators pass a proposal to accelerate token-inflation slowdown, which is bullish for the supply side
Data sources: Live market data (as of 08-29 09:00 UTC+8), CoinGecko (market cap/dominance), Cointelegraph/CryptoSlate (news).
👉 Do you think Bitcoin can hold the $77k level, or will rate-hike expectations drive further downside? Let us know your view in the comments below 👇
$BTC $ETH
#行情早报 #BTC #cryptocurrency