THELOGICALINDIAN - Leading up until this Tuesday a abundant majority of cryptocurrency markets accept absent ample amount over the accomplished few canicule Since our aftermost markets amend this accomplished Saturday the all-embracing cryptocurrency assets as a accomplished has alone decidedly by accident 20 billion USD All eyes will absolutely be anchored on agenda asset archive this anniversary as theres been a affliction of bearish bazaar affect casting over the absolute cryptoeconomy
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There’s Blood in the Crypto-Streets
When it comes to cryptocurrency markets today on August 14, there’s an abominable lot of ‘blood in the streets.’ During yesterday’s trading sessions, the absolute cryptocurrency abridgement alone beneath the sub-$200B area and today the appraisal is aerial about $195-199B. This is due to the acute losses abounding agenda currencies accept suffered through over the accomplished three days. A abundant majority of bill are seeing losses amid 3-25 percent today as abounding assets accept affected their antecedent cheers or lower. Overall barter aggregate this Tuesday has increased, acceptable because prices are so low appropriate now, and over the aftermost 24-hours about $15.9B account of cryptocurrencies accept been traded.
Bitcoin amount (BTC) has been able to contrivance a lot of the bottomward assault as the bill has absent a lot beneath allotment astute than best added coins. This has led to BTC ascendancy or its bazaar assets abstinent in allegory with the absolute crypto-economy appraisal to fasten upwards of over 54 percent. Out of the top ten agenda assets, cardano (ADA) has taken the better draft and has sunk to the 8th accomplished position because it absent over 16.8 percent in amount over the aftermost 24-hours. The amount of ADA has biconcave to about $0.09 per bread at the time of publication.
This is followed by the additional better top ten accident with ethereum (ETH) seeing its bazaar amount lose 16.1 percent today with one ETH trading for $268. The third better top ten accident today belongs to EOS as its markets are bottomward 13.7 percent with one EOS trading for $4.44 per coin.
Bitcoin Core Market Action
Bitcoin amount markets are bottomward 3.94 percent today, and the cryptocurrency has been angry to authority aloft $6,050-$6,175 per bread over the aftermost day. Aftermost night the BTC/USD amount alone to $5,880 advancing clumsily abutting to the currency’s affected basal at $5,774. Today BTC barter aggregate over the aftermost day has been adequately appropriate at $5.5B and the currency’s absolute bazaar appraisal is about $106B at columnist time.
The top bristles exchanges swapping the best BTC includes Bitflyer, Okex, Bitfinex, Binance, and Coinbene. The trading pairs seeing the best swaps today with BTC includes binding (USDT 50.2%), USD (26.5%), JPY (11.3%), EUR (4.7%), KRW (2.4%) and bitcoin banknote (BCH 1.88%).
Bitcoin Cash (BCH) Market Action
Bitcoin banknote markets accept apparent a 24-hour accident of about 15 percent today and the currency’s bazaar assets is about $8.5B. At the moment bitcoin banknote is aggravating to break aloft $490-515 at the time of autograph but beasts accept been struggling. Last night BCH biconcave to a low of $472 on Bitstamp, but trade volume had acicular over $400M blame the amount aback up afterwards the drop.
The bristles arch bitcoin banknote exchanges today accommodate Coinex, Okex, Binance, Hitbtc, and Bitfinex. The currencies that are currently actuality traded with bitcoin banknote the best includes binding (USDT 49.1%), BTC (27%), USD (13.1%), QC (2.83%), ETH (2.79%), and the KRW (1.88%).
The Verdict: Volatile Markets and Heavy Losses Increase Uncertainty
Digital asset markets accept been agrarian over the accomplished few weeks and abounding traders assume ambiguous about area the ‘good-ship-crypto’ will go from here. 2024 was an aberrant year and the accomplished seven months of 2024 has actually been the exact adverse as far as cryptocurrency ethics are concerned. The cryptocurrency abridgement as a accomplished has absent ample amount which in about-face is brewing abysmal skepticism appear the approaching of assertive crypto-markets. For now, best traders abide ambiguous of area things will go and abounding are praying they played their positions accurately in hopes they don’t get squeezed. At the moment agenda asset prices are starting to see a slight accretion afterwards the cogent losses aftermost night.
Where do you see the amount of BTC, BCH and added bill headed from here? Let us apperceive in the animadversion area below.
Disclaimer: Price accessories and markets updates are advised for advisory purposes alone and should not to be advised as trading advice. Neither Bitcoin.com nor the columnist is amenable for any losses or gains, as the ultimate accommodation to conduct a barter is fabricated by the reader. Always bethink that alone those in ascendancy of the clandestine keys are in ascendancy of the “money.”
Images via Shutterstock, Trading View, and Satoshi Pulse.
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