Daily digital currency dynamics summary (2024-08-13)
1. Cryptocurrencies are expected to break away from the sideways downward trajectory from September, and the crypto bull market in 2025 will be "very brilliant"
2. Analysts: The 50-day and 200-day moving averages form a death cross, and the medium-term crypto market may fall further.
3. BTC put option skew has recovered from -25% during the panic period to -5%.
4. Bitcoin fell below the $60,000 mark or because institutions stopped buying stablecoins.
5. Binance report: The market value of the crypto market increased by 6.1% in July, and the total TVL of DeFi increased by 3.5%.
6. The proposed online meeting of cryptocurrency supporters of the Democratic Party of the United States will be held on August 15.
7. The US SEC charged NovaTech and its principals and promoters with a cryptocurrency fraud of $650 million.
8. Symbiotic, a re-pledge protocol, launched a development network and plans to launch a full mainnet in the third quarter.
9. If Bitcoin and Ethereum break through $70,000 and $4,000 respectively, the alt season will return.
10. DeFi's market capitalization share has dropped to its lowest level in three years.
11. DeFi protocol NAVI TVL exceeds $290 million, setting a record high.