Aug 29|Crypto Market Highlights
As hawkish remarks at Jackson Hole take hold, BTC surged to $81,450 before rapidly plunging. It is now trading around $77,600, with the 24-hour drop approaching -3.3%. The market is broadly correcting, and a large number of leveraged positions have been liquidated and exited.
Solana’s “double deflation” proposal has officially passed the vote. Inflation is further contracting, long-term supply is tightening, providing fundamental support for SOL.
On the board, ETH is facing active sell pressure, and near-term selling pressure remains heavy. Meme coins have seen rug-pull projects; one hour’s crash reached 97%. Be alert to the risks of “shady dog” tokens.
In the macro landscape, interest rates dominate the current market. Volatility at high levels is amplified. For futures trading, strictly control position sizes and don’t chase pumps. $NVDAB