Crypto Market Trend
Date: August 30, 2024
Market Cap 24h Change: -1.91%
Reason:
The market has been down by -1.91% because of several factors:
- Bitcoin's realized volatility in August has reached its highest level in over a year, indicating significant market instability.
- The crypto market continues to struggle with liquidity issues post-ETFs despite overall improvements.
- BlackRock’s IBIT has logged outflows for the second time, signaling a decrease in professional fund interest.
- ETH and other major cryptocurrencies experiencing significant liquidations and price drops.
- Telegram-linked cryptocurrencies plummeted following the arrest of Telegram CEO Pavel Durov.
Date: August 29, 2024
Market Cap 24h Change: -1.20%
Reason:
The market has been down by -1.2%, but the reason is not clear.
Date: August 28, 2024
Market Cap 24h Change: -5.47%
Reason:
The market has been down by -5.47%, but the reason is not clear.
Date: August 27, 2024
Market Cap 24h Change: -3.55%
Reason:
The market has been down by -3.55%, but the reason is not clear.
Date: August 26, 2024
Market Cap 24h Change: -3.59%
Reason:
The market has been down by -3.59%, but the reason is not clear.
Date: August 25, 2024
Market Cap 24h Change: -1.27%
Reason:
The market has been down by -1.27%, but the reason is not clear.
Date: August 24, 2024
Market Cap 24h Change: -0.57%
Reason:
The market has been down by -0.57%, but the reason is not clear.
Date: August 23, 2024
Market Cap 24h Change: 4.75%
Reason:
The market has been up by 4.75%, but the reason is not clear.
Date: August 22, 2024
Market Cap 24h Change: -1.35%
Reason:
The market has been down by -1.35% but the reason is not clear.
Date: August 21, 2024
Market Cap 24h Change: -2.12%
Reason:
The market has been down by -2.12% because:
- Grayscale Outflows: The overshadowing of Ethereum ETF inflows by Grayscale outflows indicates a negative sentiment around this major investment product. (Source).
- Mt. Gox Bitcoin Movement: Significant transfer of $784 million worth of Bitcoin by Mt. Gox has fueled rumors of a potential large distribution, creating uncertainty in the market. (Source).
- Class Action Lawsuit Against Binance: Allegations of Binance facilitating money laundering may have further dampened market sentiment. (Source).
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