According to data analysis, the plunge on August 5: Which currencies rebounded the fastest? Which sectors are the weakest?

On August 5, the crypto market suffered violent shocks along with the panic-like decline in global markets. Bitcoin plummeted from a high of $60,000 to $49,000, while Ethereum fell from $3,000 to $2,100. The opening of the U.S. stock market triggered a strong rally in the crypto market, causing many coins to quickly recover. The following is a detailed analysis of the plunge and rebound data of 249 tokens in the Binance spot trading section (excluding stablecoins, gold stablecoins PAXG, and ASI):

Analysis of plunge period

During the statistical period from 21:00 on August 4th as the benchmark for the plunge to 15:00 on August 5th, the following tokens experienced the most dramatic declines:

LST (liquidity staking token): PENDLE, SSV, LDOAI (artificial intelligence related token): TAO, NFP, RENDERMeme (meme token): WIF, PEPE, SATS (some attributes)

These tokens performed differently during the plunge phase, but all were severely affected by market panic.

Rebound period analysis

During the statistical period from 21:00 on August 5 as the rebound benchmark to 9:00 on August 6, the following tokens showed significant rebound:

SATS: Bitcoin concept, some Meme attributes TAO: AIGNO: DeFiRIF: Bitcoin concept RENDER: AIPEPE: MemePENDLE: LST, LRT concept

Although there is no clear concept sector leading among the rebounding coins, these coins have shown strong resilience after the plunge.

Plunge stage: LST, AI and Meme concept tokens suffered the sharpest declines, and these sectors were particularly vulnerable to market panic. Rebound stage: Although the rebounding tokens do not form an obvious conceptual sector, tokens that have appeared on the plummeting list, such as SATS and TAO, indicate that they have strong market resilience.

Pay attention to Boshi's exclusive analysis and obtain a comprehensive interpretation of the market's plunge and rebound. Stay alert to the uncertainty of the current market. Welcome to discuss and communicate with us to jointly seize market opportunities and achieve stable returns.

#加密市场反弹 #美联储何时降息？ #JumpTrading转移资产 #美国7月非农就业增长放缓 #BTC走势分析 $BTC $ETH $SOL