🗓️AUGUST CRYPTO MARKET ROUND UP
Bitcoin is trading below $80,000 after a strong multi week rebound, with the broader crypto market showing mixed but generally constructive action
$BTC briefly hit about $81,455 overnight, it’s highest since mid May before pulling back as traders took profits and markets turned cautious ahead of a key speech by the US sec chair
$ETH has been more mixed after earlier out-performance
$SOL has been a standout gainer among large caps in recent sessions
$XRP saw a sharp rally tied to policy optimism and Ripple related news, followed by some pullback and volatility
$HYPE has outperformed much of the market over the past week and month even when other majors were mixed
Circle, the company behind $USDC became Chelsea FC’s new front of shirt sponsor
The SEC’s crypto custody rule proposal is advancing and headed toward White House review
An XRP focused treasury firm (Evernorth) received SEC clearance moving it closer to a Nasdaq listing via merger
Charles Schwab added Solana, Avalanche, and Chainlink to its crypto platform
Sentiment has been in GREED territory, though profit taking by whales has added some caution
Lastly…A quantum-safe Bitcoin transaction was reported on mainnet without a soft fork
SEE YOU IN SEPTEMBER.
#BTC #ETH #XRP
Bitcoin is trading below $80,000 after a strong multi week rebound, with the broader crypto market showing mixed but generally constructive action
$BTC briefly hit about $81,455 overnight, it’s highest since mid May before pulling back as traders took profits and markets turned cautious ahead of a key speech by the US sec chair
$ETH has been more mixed after earlier out-performance
$SOL has been a standout gainer among large caps in recent sessions
$XRP saw a sharp rally tied to policy optimism and Ripple related news, followed by some pullback and volatility
$HYPE has outperformed much of the market over the past week and month even when other majors were mixed
Circle, the company behind $USDC became Chelsea FC’s new front of shirt sponsor
The SEC’s crypto custody rule proposal is advancing and headed toward White House review
An XRP focused treasury firm (Evernorth) received SEC clearance moving it closer to a Nasdaq listing via merger
Charles Schwab added Solana, Avalanche, and Chainlink to its crypto platform
Sentiment has been in GREED territory, though profit taking by whales has added some caution
Lastly…A quantum-safe Bitcoin transaction was reported on mainnet without a soft fork
SEE YOU IN SEPTEMBER.
#BTC #ETH #XRP
