Last Week in Crypto: Highlights in the World of Cryptocurrencies
As we kick off another exciting week on Monday, August 19 th , 2024, at 9:00:05 AM EST (3:00:05 PM CET), we delve into the latest price action of the top ten cryptocurrencies, as per Coin Market Cap. Join us as we analyze these figures and anticipate how the market will unfold throughout the week. Subsequently, we will compare these prices with the closing figures of Friday, August 23rd, 2024, at 6:00:02 PM EST (12:00:02 PM CET), to gain insights into the week’s market trends and fluctuations
| CRYPTO | INITIAL | % CHANGE | FINAL |
|---|---|---|---|
| BTC | $58,477.32 | 9.07% | $63,778.63 |
| ETH | $5,587.74 | -50.60% | $2,760.25 |
| BNB | $538.26 | 9.25% | $588.06 |
| SOL | $143.20 | 5.69% | $151.35 |
| XRP | $0.5816 | 4.71% | $0.61 |
| TON | $6.7491 | 0.02% | $6.75 |
| DOGE | $0.1003 | 12.76% | $0.11 |
| ADA | $0.3311 | 18.09% | $0.39 |
| AVAX | $20.69 | 29.77% | $26.85 |
Bitcoin Eyes $65,000: Bullish Momentum Builds
Bitcoin has surged past $60,500, signaling a strong recovery and targeting the $65,000 resistance level. Technical indicators suggest the largest cryptocurrency may be gearing up for a new peak. Watch for key signals like RSI, moving averages, and trading volume as Bitcoin continues its bullish ascent.
Dogwifhat (WIF) Surges: What’s Fueling the Hype?
Solana’s meme coin, dogwifhat (WIF), is making waves in the crypto world. With the total market value of Solana-based meme coins hitting $6.4 billion and daily trading volumes around $1.3 billion, WIF is capturing significant attention. Brazil’s growing interest appears to be a major driver behind this surge. While Dogecoin remains a dominant force, WIF and other Solana newcomers are proving that meme coin mania is far from over.
Stablecoins Surge: Tether Leads the Charge
Stablecoin market is rebounding, nearing its pre-Terra UST levels. Currently at $169.72 billion, it’s approaching the $188 billion high. Tether (USDT) is driving this growth, with its supply jumping by $820 million in just five days, boosting its market cap to $117.70 billion. The stablecoin sector is clearly on the mend!
Cardano (ADA) Rallies: Signs of a Comeback
Cardano (ADA) is bouncing back, up 6.31% in 24 hours and 11.39% over the past week. This surge has lifted ADA’s market cap to $13.4 billion, a 6.26% increase. Trading volume has also surged by 29.6%, reaching $351.6 million, signaling renewed investor interest.
Binance Coin (BNB) Nears All-Time High with Strong Gains
Binance Coin (BNB) is surging, currently trading at $583, up 44.11% from its monthly low. It’s outperforming major cryptocurrencies, including Bitcoin (BTC), and is approaching its all-time high. Despite a crash earlier this month, BNB has recovered to pre-crash levels, showcasing impressive resilience and growth.
Sources
https://en.coin-turk.com/bitcoin-targets-65000-resistance-level-after-recovery/
https://en.coin-turk.com/solanas-meme-coin-ecosystem-thrives-with-dogwifhats-surge/
https://ambcrypto.com/why-is-cardano-up-today-looking-into-adas-6-rally/
https://ambcrypto.com/why-binance-coin-can-be-the-next-altcoin-to-reach-a-new-ath/
