Based on Wallstreetcn, the American cryptocurrency and crypto-related index plummeted 8.34% to 67.35 points, slipping 2.60% across the week, whereas the MarketVectorTM Digital Assets 100 Small Cap Index slid 4.71% to 2,432.36966 points in the last 24 hours and retreated 7.12% throughout the previous seven days, the MarketVectorTM Digital Assets 100 Mid Cap Index decreased 4.78% to 2,616.8022 points and shrank 10.15% across the prior week, and the MarketVector Digital Assets 100 Index shed 2.92% to 15,513.41799 points and contracted 2.33% over the past seven days. Bitcoin tumbled 3.40% to $77,383.30 during the last 24 hours following aggressive statements in Fed Chair Kevin Warsh's address that hastened the downturn, remained virtually unchanged over the past week, and displayed an M-shaped trend, having dropped to $75,577.56 on August 23 and surged to $81,440.98 on August 28, while Ethereum dipped 3.15% to $2,429 and lost 0.70% across the prior seven days.
While many are holding out for $0.87 or $0.73 entries,$XRP isn't waiting around. Once the broader trend takes over, we’re heading straight to $23. 🚀 Who’s still conviction-heavy on $XRP?
$VELVET played out exactly as I predicted! The other day, I told you it was nearing its end. The reason was clear—it was constantly mopping up liquidity and hunting positions of those on 2x leverage. With those moves, its collapse was inevitable. Yesterday, it surged to $0.9 before plunging to $0.1, a nearly 90% drop. Don't worry though, if we had been in a position, they would have tried to target us too. That’s why we gained valuable experience just by observing how the market moves. $VELVET #VELVET_BECOME_TO_MOON
One massive long liquidation pushed Bitcoin into months of weakness. Now a huge short liquidation has sent $BTC sharply higher. One green candle doesn’t confirm a new bull run, but it shows how quickly market pressure can flip. If buyers hold this move, could this short squeeze become the start of something bigger? BTC#SandboxSANDSuspectedInfiniteMintFlawOnBase
So finally $BTC has done a major drop Now it is even going to break $76k, tell me where are the longers? I had said again and again in clear words that the market will crash, I also shorted myself, now see my trade is in 500% Still Bitcoin is struggling a lot after $76k, still I feel that next week crash till $72k will easily come. #BTC☀️
Moving Averages: The price is sitting directly on the MA(7) yellow line (94.17), above both the MA(25) at 93.83 and the MA(99) at 93.93. The upward slope of these averages indicates short-term bullish structure.
Volume: Volume spiked during the move up from 92.82 to 94.67 and has since contracted, suggesting consolidation rather than aggressive selling.