In this volatile crypto market, your best bet is to take control. $aave is a strong asset in the Defi sector and has been quite resilient in the recent market crash. Its price remains above $100, reaching a high of $114.92 today. Aave's new narrative is that data shows that Aave's weekly active lending users hit a record high of about 40,000 last week. We will continue to pay attention to aave.

The crypto market in August was in a state of news-driven short selling, especially last night when global assets were rising and almost no assets were falling. Only Bitcoin was falling, and it was a big drop. What's going on? Maybe the liquidation of Mentougou is still going on, or the US government is selling. The worst case scenario is that the dog dealers are maliciously manipulating the market, cutting leeks, and forcing short selling to absorb funds.
Last night, the United States announced the unemployment benefit collection situation, and the result was lower than expected, indicating that employment is strong and the economic recession has not yet come. U.S. stocks and Bitcoin also rose at the same time, but after 0 o'clock, U.S. stocks and Bitcoin parted ways, one up and the other down, completely two directions. It can only be said that the currency circle is too affected by the operations of giant whales. The crypto market and U.S. stocks are completely decoupled. The trend is no longer limited to the U.S. economy and whether the Federal Reserve will cut interest rates. What the giant whales and institutions see clearly is that new coins on large platforms are launched in large numbers to reap the profits in the secondary market, and then they are continuously removed from the shelves in the name of non-compliance, especially the frequent unlocking of altcoins in 2024. At this moment, the altcoins should not be operated. KP92877 is retained, and attention should be paid to changes in the news.

Bitcoin breaks through $58,000:
The recent trend of the crypto market is indeed a bit confusing. Every time Bitcoin tries to break through a resistance level, there is always some unfavorable news. It seems that there is always artificial suppression. Although Bitcoin has experienced a sharp correction again, there are still whales who continue to increase their holdings. Marathon Digital announced that they purchased 4,144 BTC (US$249 million) at an average price of US$59,500 between August 12 and August 14.
On-chain data shows that Marathon has received 3,896 BTC (US$227.9 million) from Galaxy Digital, FalconX and NYDIG. According to on-chain data monitoring, the US spot Bitcoin ETF had a net inflow of US$11 million yesterday.

#加密市场反弹 #BTC☀

The head of the Federal Reserve, Bob, will give a speech on the economic outlook at the Jackson Hole Economic Symposium at 10 a.m. Eastern Time on August 23 (10 p.m. Beijing Time on August 23). This is the first full-day meeting of the Kansas City Federal Reserve's annual economic symposium in Jackson Hole, Wyoming. This annual meeting of global central banks provides Bob with an opportunity to make an updated assessment of the trajectory of the U.S. economy and the outlook for monetary policy between the Fed's July and September policy meetings. Last month, he said that if inflation and the labor market continue to cool, the Federal Reserve may consider cutting interest rates at its next meeting. In fact, at this moment, the crypto market is no longer a single factor that can affect its trend. #BTC

The trend of the crypto market in the new pattern of 2024 is completely decoupled from the United States. The trend of the United States depends on the US economy and whether the Federal Reserve will cut interest rates. However, the crypto market has become subject to various uncertainties at any time. The crypto market is usually the leader of stock market sentiment, but this is not the case today. The price of Bitcoin fell 3.63%, but the stock market was at its high point of the day, and the Nasdaq 100 rose 2.5%. This divergence may be related to the crypto market's concerns about the liquidation and distribution of Mt.Gox.
Yesterday, the US government's transfer of Bitcoin increased the selling pressure, prompting a further decline in Bitcoin prices, especially the recent continuous outflow of the US Bitcoin spot ETF. Let's take a look at the data changes of the US Bitcoin spot ETF and Ethereum spot ETF yesterday. The data of US Ethereum and Bitcoin ETF on August 15 showed:
1. The nine US Ethereum ETFs had a total net outflow of 1,736 ETH, about US$4.62 million, of which Grayscale outflowed 11,557 $ETH, about US$30.78 million, and Grayscale currently holds 1,898,644 ETH, worth about US$5.06 billion;
2. The ten US Bitcoin ETFs had a total net outflow of 1,316 $BTC, about US$78.32 million, of which Grayscale outflowed 480 Bitcoins, about US$28.58 million, and Grayscale currently holds 231,853 Bitcoins, about US$13.8 billion.
It is worth noting that Goldman Sachs and Morgan Stanley bought a total of more than $600 million in spot Bitcoin ETFs in Q2.
In terms of altcoins, on the one hand, large platforms are flocking to launch new coins to cut leeks in the secondary market, on the other hand, the project parties are endlessly unlocking and cutting leeks. In addition, large platforms are intensively removing so-called non-compliant currencies. This undoubtedly caused, which altcoin do you dare to speculate?
KP92877 is retained. There are too many factors affecting the trend of the crypto market. Pay attention to changes in the news in terms of operations. #BTC

There are always some unfavorable factors in the market that suppress the trend of the market:
According to on-chain monitoring data, the US government transferred 10,000 Silk Road-related seized bitcoins (BTC) to the institutional platform of the exchange giant on Wednesday.
And the US government transferred nearly $600 million of Silk Road bitcoins or just for custody.
#CryptoMarket Rebound#Whenwill the Fed cut interest rates? #BTC☀

Last night, the US CPI data was better than expected, and the three major US stock indexes opened and closed higher, but what disappointed many people was that the crypto market has gone out of the trend of shock and downward movement, especially Bitcoin fell below $60,000, falling to a minimum of $58,442, and Ethereum fell to a minimum of $2,632. The altcoin market is even more of a general decline, and even if there are some that appear on the list of gains, they are short-lived.
The market trend at this moment is a temporary influence of many unfavorable factors, especially the strange phenomenon in the interview between Trump and Musk. They did not mention cryptocurrencies at all. Is it true? In addition, whether Trump can move into the White House is a bit uncertain. Harris's momentum is higher than Trump, especially Harris's attitude towards cryptocurrencies is the same as that of the current US SEC Chairman. The mess of altcoins still comes from endless unlocking, and the recent eagerness of a certain Yi and Binance platforms to remove the so-called non-compliant currencies, which also prompted whales and institutions to be wary of altcoin operations.
KP92877 is handed over. In terms of operation, pay attention to changes in the news, explore narrative coins, and avoid frequently unlocked coins and coins suspected of being delisted.
#Cryptomarket rebound#USPPI in July is lower than expected#USCPI data will be released soon

Congratulations to the community members. TON, which was ambushed by the community, has now broken through the resistance level given by the community and has risen to 7.089 US dollars, an increase of 13%. The rise and fall of a coin in the crypto market is completely determined by news. Hooked Protocol will cooperate deeply with the TON ecosystem to create an independent educational launchpad belonging to Telegram. Users can send, receive and stake HOOK tokens on Telegram and participate in the Hooked educational launchpad.

WLD is really useless:
The AI ​​sector, which was very popular some time ago, especially WLD, reached a high of $11.965, which is how many people were trapped at this position. Later, the project party's large-scale unlocking of the leeks left these people at the top of the mountain forever.
According to the on-chain data monitoring, the address marked as Alameda has transferred 205,000 WLD (worth about $341,000) to Binance. #BTC

Factors that affect market trends have appeared intensively recently. The interview between Trump and Musk yesterday, which people paid the most attention to, seemed to have played a big joke on the cryptocurrency circle. The July PPI data of the United States was released last night, and the US CPI, which attracted global attention, was released tonight. The Fed's interest rate cut, which was expected to rise some time ago, is now greatly discounted.
The market has stabilized after the sharp fluctuations in the past few days, and it is expected that many people will fall before dawn. KP92877 is retained, and attention is paid to changes in the news.

When will the Fed cut interest rates? #Howdoes the US election affect the crypto industry? #BTCtrend analysis $ETH $BTC

MKR is an active currency with more narratives in the Defi sector. Asset management company Grayscale has launched a new fund focused on MakerDAO governance tokens. The new closed-end fund Grayscale MakerDAO Trust will be open to qualified individuals and institutional accredited investors. Similar to the company's other single-asset trusts, the fund does not allow direct withdrawals, which may lead to deviations between the price of fund shares in the secondary market and the price of underlying assets.
According to on-chain data monitoring, the whale marked as "0xC4Db" bought 3,291 MKR (US$6.64 million) from Binance through the wallet "0x16F6" in the past 5 days.

When will the Fed cut interest rates? #Howdoes the US election affect the crypto industry? #BTCtrend analysis $ETH $BTC

The crypto market is in a short-term shock. The United States will release the July PPI on August 13, the July CPI on August 14, and the July retail sales data on August 15. Secondly, as the date of the US election approaches, the United States will be in the center of the storm again. Third, Japan will release the second quarter GDP, and the yen carry trade will inevitably make waves again. It is particularly noteworthy that the July CPI will be released on August 14. This will be the penultimate CPI report released before the Federal Reserve’s September interest rate decision.
The market expects that the US inflation rate in July may rise moderately, but it will not be enough to affect the Federal Reserve’s generally expected interest rate cut next month. At present, the market expects that the US July CPI, whether it is the overall data or the so-called core indicators excluding food and energy, is expected to rise by 0.2% from June, which will cause short-term fluctuations in the market.
#BTC

The impact of news on a coin is particularly important. When Trump interviewed Musk, $people rebounded and ranked second on the list of gains, reaching a maximum of 0.06390. In fact, the crypto market in 2024 coincides with the US election year, so people who have election concepts must certainly perform. If there is no election, people may still be lying on the floor. So this is the narrative.

When will the Fed cut interest rates? #Howdoes the US election affect the crypto industry? #BTCtrend analysis $ETH $BTC

Bitcoin's current trend has been repeatedly fighting for the 60,000 US dollar point. Ethereum has also broken through 2,700 US dollars when many people are bearish. At present, many people in the crypto market operate by asking around and listening to others as the basis for operation, and do not pay attention to the changes in the news and the general trend. In fact, the era of BTC ecology is coming. Musk and Trump talked. CZ will be released from prison in September. These will bring opportunities to the market. Another ignored news~ BRC-100 will fork BRC-20 on September 2 to promote the development of Bitcoin ecology. It is reported that Mikael, the founder of BRC-100, announced the fork of BRC-20 on X. All pre-forked assets can be queried in the official index of BRC-100. Users can obtain all BRC-20 assets in the BRC-100 protocol. Forked ORDI, SATS, RATS, PIZZA and other assets can enter the decentralized Bitcoin DeFi era through BRC-100's DEX, stablecoins, lending and other DeFi applications. BRC-100's fork of BRC-20 will solve its limitations: lack of programmability, non-Turing completeness, lack of scalability, and lack of DeFi.
The official fork will be carried out on September 2, with the goal of reactivating BRC-20 and promoting the rapid development of the Bitcoin ecosystem.
From this, we can see that SATS has continued to strengthen recently, and ORDI has also strongly broken through $30, so if you are involved in the crypto market, you should complain less, study the market more, and capture more information that is beneficial to the market. Opportunities are reserved for those who are prepared, and KP92877 is handed over to obtain first-hand sources.

When will the Federal Reserve cut interest rates? #Howdoes the US election affect the crypto industry? #BTCtrend analysis $ETH $BTC

There are big differences in the market about $SOL. In fact, different views on a coin are mainly reflected in cognition. Although the copycats are frequently removed from the shelves, I think it is still relatively safe to operate SOLana ecological tokens SOL, JTO, JUP, and RAY.
KP92877 was handed over. Ke Ke made real-time market analysis and operation strategy layout. We will continue to pay attention to SOL, JTO, JUP, and RAY
#Whenwill the Fed cut interest rates? #BTCtrend analysis #BTC☀

Since the crypto market suffered a "8.05" Bitcoin plunge to 48934.8 US dollars and stabilized at best rebounded to 62750 US dollars, it began to gradually shrink and trade sideways at 60000 US dollars. At 4 am today, Bitcoin fell below 60000 US dollars again and stabilized at 58073.6 US dollars. Based on the events that will happen this week, pay attention to CPI and PPI from 8.12 to 8.16. Multiple data may disturb the US stock market and crypto market.
On Tuesday (August 13), the US PPI monthly rate and the US PPI monthly rate will be announced on the same day.
On Wednesday (August 14), the US seasonally adjusted CPI monthly rate, the US seasonally adjusted CPI annual rate, and the US seasonally adjusted core CPI monthly rate will be announced on the same day.
On Thursday (August 15), the US retail sales monthly rate, the US New York Fed manufacturing index, the US Philadelphia Fed manufacturing index, the number of initial jobless claims in the US that week, the US industrial output monthly rate, and the US commercial inventory monthly rate will be announced on the same day.
The Fed's expectations for rate cuts have been greatly discounted. The probability of a 50 basis point rate cut in September has dropped from 90% to 50% at this moment, especially the issue of the election. However, Trump's interview with Musk at 7 am Beijing time tomorrow will have a positive effect on the crypto market, so the volatility of the crypto market at this moment is normal. As for the endless unlocking and delisting of altcoins at any time, KP92877 is retained, and attention is paid to changes in the news.

When will the Fed cut interest rates? #Howdoes the US election affect the crypto industry? #BTCtrend analysis $ETH $BTC

At 4 a.m. today, Bitcoin plunged again, falling to $58,300.4, and Ethereum fell to $2,540. This may be related to the recent erratic interest rate cuts by the Federal Reserve, especially the Federal Reserve's expectations for a September rate cut, with a probability of 51.5% for a 25 basis point cut and a probability of 48.5% for a 50 basis point cut.
Whether the Federal Reserve cuts interest rates is related to the election. In terms of the election, Harris's popularity has soared, but the exchange's Bitcoin reserves hit a five-year low, with $5.96 billion withdrawn in 30 days
In the past month, starting from July 11, 2024, 99,308 BTC were withdrawn from exchanges, worth $5.96 billion. At present, this is enough to show that whale institutions are eager to hoard coins and are optimistic about the future market.
This week, the United States will release a series of economic data. On Monday (August 12), the 1-year inflation forecast of the Federal Reserve Bank of New York will be released on the same day. On Tuesday (August 13), the monthly rate of US PPI and the annual rate of US PPI will be released on the same day. On Wednesday (August 14), the monthly rate of US seasonally adjusted CPI, the annual rate of US seasonally adjusted CPI, and the monthly rate of US seasonally adjusted core CPI will be released on the same day. On Thursday (August 15), the monthly rate of US retail sales, the manufacturing index of the Federal Reserve Bank of New York, the manufacturing index of the Federal Reserve Bank of Philadelphia, the number of initial jobless claims in the United States that week, the monthly rate of US industrial output, and the monthly rate of US commercial inventory will be released on the same day. It can be seen that the volatility of the market is normal. When will the Federal Reserve cut interest rates?#Howdoes the US election affect the crypto industry?#BTCtrend analysis $ETH $BTC

Bitcoin and Ethereum both have the desire to break through and rise today, but the only shortcoming is that the trading volume has shrunk extremely. Bitcoin has risen to $61,885.7. The whales and institutions have consciously maintained the price above $61,000. Ethereum has briefly broken through $2,700 again. $SOL is in a state of accumulation. With the upcoming release of US CPI data, Trump is about to meet with Musk, and the Fed's expectations of rate cuts have increased. Balance sheet reduction will also be cancelled. In particular, the talks between Trump and Musk will inevitably mention cryptocurrencies, so the recent rise after accumulation is inevitable.

When will the Fed cut interest rates? #Howdoes the US election affect the crypto industry? #BTCtrend analysis $ETH $BTC

Many coin friends said that the altcoins in 2024 are difficult to operate, and many of them are short-lived. Some coin friends do not check the market frequently, and when they have time to check the market, they find that their coins are gone. So the difficulty of altcoin operation lies here. There are two major reasons. The first is frequent unlocking, and the second is delisting at any time. If you can't find your coins, it's because they have been delisted. So the difficulty of choosing altcoins lies here. In fact, there are altcoins with narratives. The inscriptions ordi and sats that we have been paying attention to are always able to go out of the market that continues to rise. Today, sats rose to 2880, the largest increase of 13%. Ordi tried to break through 30 US dollars. We will continue to pay attention. #BTC

In the past three days, Bitcoin has been sideways at the integer mark of 60,000 US dollars, while Ethereum (ETH), Solana (SOL), XRP and other partners have started "diving mode". Therefore, the market is divided at the moment. There are two views: long-term trading will inevitably fall, and the accumulation of momentum before the bull market comes.
Let's take a look at the big events next week. The US CPI data will be released on the 14th, Trump will interview Musk, and Harris is several percentage points ahead of Trump in the US election. Therefore, it is natural that Bitcoin is sideways at this moment. The direction of the crypto market next week is particularly important. It is recommended to pay attention to changes in the news.
#Whenwill the Fed cut interest rates? #BTCtrend analysis #BTC☀