Yesterday, the crypto market suffered a panic-driven plunge along with global markets, with Bitcoin (BTC) falling from a high of $60,000 to a low of $49,000, and Ethereum (ETH) falling from $3,000 to just $2,100. However, amid strong expectations that the U.S. stock market might trigger a circuit breaker, the market unexpectedly rebounded quickly. The cryptocurrency market also saw a strong recovery.

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This market turmoil can be clearly divided into two stages: a deep adjustment from the evening of August 4 to yesterday afternoon, and a rapid rebound from the opening of the US stock market to this morning. In these two stages, which tokens fell the most and which tokens rebounded the fastest? These movements provide key perspectives for market participants, revealing which crypto assets have higher volatility and resilience?

Crash time

Taking 21:00 on August 4 as the benchmark, its opening price as the starting point of the decline, the period when Bitcoin fell to US$49,000 at 15:00 on August 5 as the statistical end point, and the lowest price during the period as the end point of the decline, the data is shown in the table below.

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It can be seen that the concepts with the largest declines include LST, AI and Meme, which are:

  • LST：PENDLE、SSV、LDO

  • AI：TAO、NFP、RENDER、（AI）

  • Meme：WIF、PEPE、（SATS）

    In the anti-fall sector, previous articles only counted the top ten, resulting in Sun Yuchen series tokens being on the list every time. This time, it has been expanded to 20, but the tokens on the list are basically small-cap tokens, which are of little reference value.

The counterattack horn sounded

Taking 21:00 on August 5 as the benchmark, its opening price as the starting point of the increase, 9:00 on August 6 as the statistical end point, and the highest price within the period as the end point of the increase, the data are shown in the following table. Taking 21:00 on August 5 as the benchmark, its opening price as the starting point of the increase, 9:00 on August 6 as the statistical end point, and the highest price within the period as the end point of the increase, the data are shown in the following table.

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In this rebound list, no matter the one with the most rebound or the least rebound, there is no obvious concept sector. However, there are several tokens that appear on the decline list, which shows that such tokens have strong elasticity. If there is another round of decline, it is worth paying attention to. These tokens are:

  • SATS (Bitcoin concept, some Meme attributes)

  • TAO（AI）

  • GNO(DeFi)

  • RIF (Bitcoin Concept)

  • RENDER（AI）

  • PEPE (Meme)

  • PENDLE (LST, LRT concept)