• bitcoinBitcoin (BTC) $ 118,058.00
  • ethereumEthereum (ETH) $ 3,786.79
  • xrpXRP (XRP) $ 3.10
  • tetherTether (USDT) $ 0.999997
  • bnbBNB (BNB) $ 798.84
  • solanaSolana (SOL) $ 178.96
  • usd-coinUSDC (USDC) $ 0.999817
  • staked-etherLido Staked Ether (STETH) $ 3,782.38
  • dogecoinDogecoin (DOGE) $ 0.220694
  • tronTRON (TRX) $ 0.333429
  • cardanoCardano (ADA) $ 0.771976
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 118,118.00
  • wrapped-stethWrapped stETH (WSTETH) $ 4,579.52
  • hyperliquidHyperliquid (HYPE) $ 42.85
  • suiSui (SUI) $ 3.75
  • stellarStellar (XLM) $ 0.414956
  • wrapped-beacon-ethWrapped Beacon ETH (WBETH) $ 4,084.01
  • chainlinkChainlink (LINK) $ 17.56
  • bitcoin-cashBitcoin Cash (BCH) $ 564.82
  • hedera-hashgraphHedera (HBAR) $ 0.257836
  • wrapped-eethWrapped eETH (WEETH) $ 4,058.86
  • avalanche-2Avalanche (AVAX) $ 23.75
  • wethWETH (WETH) $ 3,787.81
  • the-open-networkToncoin (TON) $ 3.44
  • leo-tokenLEO Token (LEO) $ 8.97
  • litecoinLitecoin (LTC) $ 108.59
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • usdsUSDS (USDS) $ 0.999671
  • shiba-inuShiba Inu (SHIB) $ 0.000013
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 118,280.00
  • whitebitWhiteBIT Coin (WBT) $ 43.99
  • uniswapUniswap (UNI) $ 10.21
  • polkadotPolkadot (DOT) $ 3.83
  • moneroMonero (XMR) $ 313.53
  • bitget-tokenBitget Token (BGB) $ 4.52
  • pepePepe (PEPE) $ 0.000011
  • crypto-com-chainCronos (CRO) $ 0.142135
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.19
  • aaveAave (AAVE) $ 279.21
  • daiDai (DAI) $ 1.00
  • ethenaEthena (ENA) $ 0.572495
  • bittensorBittensor (TAO) $ 375.01
  • nearNEAR Protocol (NEAR) $ 2.67
  • ethereum-classicEthereum Classic (ETC) $ 21.38
  • pi-networkPi Network (PI) $ 0.419454
  • aptosAptos (APT) $ 4.50
  • ondo-financeOndo (ONDO) $ 0.947288
  • internet-computerInternet Computer (ICP) $ 5.37
  • okbOKB (OKB) $ 48.01
  • jito-staked-solJito Staked SOL (JITOSOL) $ 218.52
  • mantleMantle (MNT) $ 0.766650
  • kaspaKaspa (KAS) $ 0.093366
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.037396
  • binance-peg-wethBinance-Peg WETH (WETH) $ 3,800.75
  • algorandAlgorand (ALGO) $ 0.256157
  • usd1-wlfiUSD1 (USD1) $ 0.999332
  • bonkBonk (BONK) $ 0.000028
  • arbitrumArbitrum (ARB) $ 0.416240
  • vechainVeChain (VET) $ 0.024670
  • gatechain-tokenGate (GT) $ 17.47
  • cosmosCosmos Hub (ATOM) $ 4.50
  • render-tokenRender (RENDER) $ 3.85
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.218784
  • fasttokenFasttoken (FTN) $ 4.57
  • worldcoin-wldWorldcoin (WLD) $ 1.06
  • official-trumpOfficial Trump (TRUMP) $ 9.38
  • spx6900SPX6900 (SPX) $ 1.99
  • skySky (SKY) $ 0.085476
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.695783
  • sei-networkSei (SEI) $ 0.311603
  • susdssUSDS (SUSDS) $ 1.06
  • binance-staked-solBinance Staked SOL (BNSOL) $ 191.86
  • rocket-pool-ethRocket Pool ETH (RETH) $ 4,340.36
  • quant-networkQuant (QNT) $ 118.94
  • filecoinFilecoin (FIL) $ 2.52
  • flare-networksFlare (FLR) $ 0.024503
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,972.41
  • story-2Story (IP) $ 5.66
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 117,923.00
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 5.04
  • xdce-crowd-saleXDC Network (XDC) $ 0.098367
  • jupiter-exchange-solanaJupiter (JUP) $ 0.524009
  • usdtbUSDtb (USDTB) $ 1.00
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 4,019.70
  • kucoin-sharesKuCoin (KCS) $ 11.31
  • mantle-staked-etherMantle Staked Ether (METH) $ 4,050.84
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 4,106.34
  • injective-protocolInjective (INJ) $ 13.94
  • usdt0USDT0 (USDT0) $ 0.999803
  • curve-dao-tokenCurve DAO (CRV) $ 0.968616
  • nexoNEXO (NEXO) $ 1.31
  • celestiaCelestia (TIA) $ 1.80
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.997306
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,986.16
  • optimismOptimism (OP) $ 0.705973
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 0.999715
  • blockstackStacks (STX) $ 0.760478
  • falcon-financeFalcon USD (USDF) $ 0.999993
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 117,797.00
  • flokiFLOKI (FLOKI) $ 0.000113
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 201.91
  • fartcoinFartcoin (FARTCOIN) $ 1.07
  • wbnbWrapped BNB (WBNB) $ 798.46
  • immutable-xImmutable (IMX) $ 0.552051
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 1.00
  • conflux-tokenConflux (CFX) $ 0.192958
  • the-graphThe Graph (GRT) $ 0.099885
  • sonic-3Sonic (S) $ 0.301481
  • dogwifcoindogwifhat (WIF) $ 0.972534
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.81
  • paypal-usdPayPal USD (PYUSD) $ 0.999590
  • pax-goldPAX Gold (PAXG) $ 3,336.84
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 118,037.00
  • saros-financeSaros (SAROS) $ 0.356083
  • ethereum-name-serviceEthereum Name Service (ENS) $ 28.15
  • syrupusdcSyrupUSDC (SYRUPUSDC) $ 1.11
  • clbtcclBTC (CLBTC) $ 120,697.00
  • kaiaKaia (KAIA) $ 0.158843
  • msolMarinade Staked SOL (MSOL) $ 235.09
  • lido-daoLido DAO (LDO) $ 1.02
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.37
  • tezosTezos (XTZ) $ 0.836047
  • pump-funPump.fun (PUMP) $ 0.002479
  • vaultaVaulta (A) $ 0.535973
  • theta-tokenTheta Network (THETA) $ 0.833159
  • tether-goldTether Gold (XAUT) $ 3,333.02
  • super-oethSuper OETH (SUPEROETH) $ 3,787.86
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 4,046.97
  • raydiumRaydium (RAY) $ 2.97
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 3,984.63
  • iotaIOTA (IOTA) $ 0.199902
  • jasmycoinJasmyCoin (JASMY) $ 0.015640
  • galaGALA (GALA) $ 0.016326
  • pendlePendle (PENDLE) $ 4.34
  • the-sandboxThe Sandbox (SAND) $ 0.288615
  • bittorrentBitTorrent (BTT) $ 0.00000071
  • pyth-networkPyth Network (PYTH) $ 0.122116
  • ousgOUSG (OUSG) $ 111.98
  • aerodrome-financeAerodrome Finance (AERO) $ 0.810346
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 3,782.52
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.09
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.998836
  • tbtctBTC (TBTC) $ 117,992.00
  • jito-governance-tokenJito (JTO) $ 1.86
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 3,794.97
  • zcashZcash (ZEC) $ 39.20
  • flowFlow (FLOW) $ 0.390335
  • newton-projectAB (AB) $ 0.008549
  • heliumHelium (HNT) $ 3.15
  • stader-ethxStader ETHx (ETHX) $ 4,028.05
  • usual-usdUsual USD (USD0) $ 0.997658
  • morphoMorpho (MORPHO) $ 1.79
  • walrus-2Walrus (WAL) $ 0.419217
  • ripple-usdRipple USD (RLUSD) $ 0.999597
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 118,083.00
  • usddUSDD (USDD) $ 0.999620
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.221376
  • decentralandDecentraland (MANA) $ 0.295276
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 116,829.00
  • memecoreMemeCore (M) $ 0.332998
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 3,789.77
  • beldexBeldex (BDX) $ 0.076934
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 4,182.61
  • bitcoin-svBitcoin SV (BSV) $ 27.46
  • mog-coinMog Coin (MOG) $ 0.000001
  • chain-2Onyxcoin (XCN) $ 0.015708
  • coredaoorgCore (CORE) $ 0.530149
  • syrupMaple Finance (SYRUP) $ 0.440737
  • based-brettBrett (BRETT) $ 0.051236
  • build-onBUILDon (B) $ 0.506106
  • swethSwell Ethereum (SWETH) $ 4,152.25
  • true-usdTrueUSD (TUSD) $ 0.996586
  • thorchainTHORChain (RUNE) $ 1.39
  • reserve-rights-tokenReserve Rights (RSR) $ 0.008280
  • telcoinTelcoin (TEL) $ 0.005301
  • arweaveArweave (AR) $ 7.36
  • apecoinApeCoin (APE) $ 0.605115
  • ether-fiEther.fi (ETHFI) $ 1.15
  • apenftAPENFT (NFT) $ 0.00000049
  • keetaKeeta (KTA) $ 1.14
  • frax-etherFrax Ether (FRXETH) $ 3,777.30
  • savings-daiSavings Dai (SDAI) $ 1.16
  • neoNEO (NEO) $ 6.36
  • starknetStarknet (STRK) $ 0.124901
  • aioz-networkAIOZ Network (AIOZ) $ 0.374073
  • polygon-pos-bridged-weth-polygon-posPolygon PoS Bridged WETH (Polygon POS) (WETH) $ 3,786.71
  • wrapped-hypeWrapped HYPE (WHYPE) $ 42.83
  • dydx-chaindYdX (DYDX) $ 0.584291
  • compound-governance-tokenCompound (COMP) $ 46.49
  • zebec-networkZebec Network (ZBCN) $ 0.005021
  • wemix-tokenWEMIX (WEMIX) $ 0.951521
  • elrond-erd-2MultiversX (EGLD) $ 14.95
  • ecasheCash (XEC) $ 0.000021
  • sun-tokenSun Token (SUN) $ 0.021919
  • dexeDeXe (DEXE) $ 7.33
  • treehouse-ethTreehouse ETH (TETH) $ 4,587.58
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999724
  • kavaKava (KAVA) $ 0.383879

Here’s Why the Crypto Market is Falling

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Here’s Why the Crypto Market is Falling

Story Highlights

  • The potential reason behind the crypto market fall is the recent all-time high in Gold price and recent decline in S&P 500 and Dow Jones.

  • This significant price drop once again hints that the crypto market is still in a downtrend.

  • ETH could sink to the $2,300 level and $2,200 level if it falls below the $2,500 level.

On August 20, 2024, during the Asian trading hours, the overall cryptocurrency market was experiencing impressive upside momentum. However, following the opening of the US stock market, the market began experiencing selling pressure as the S&P 500 and Dow Jones fell significantly.

Potential Reason for Market Fall

Apart from the S&P 500 and Dow Jones, another potential reason behind the cryptocurrency market’s decline is the recent all-time high in Gold price. In this recent market downturn, top assets including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) have fallen significantly.

Before the opening of the US market and before Gold made its all-time high BTC, ETH, and SOL were trading above $61,350, $2,690, and $148.29, respectively, according to Coinmarketcap. However, later these values dropped to $58,600, $2,560, and $142 level.

This significant price drop once again hints that the crypto market is still in a downtrend.

Bitcoin (BTC) Technical Analysis and Upcoming Levels

According to expert technical analysis, BTC, ETH, and SOL look bearish as they are all trading below the 200 Exponential Moving Average (EMA) in a higher time frame. Based on the price action and technical analysis, if BTC gives breakdowns to the current consolidation zone there is a high possibility it could fall to the $54,000 level.

Here’s Why the Crypto Market is Falling

Ethereum (ETH) Technical Analysis and Upcoming Levels

The ETH chart looks extremely bearish due to the presence of rising wedge patterns and head-and-shoulder price action patterns. If ETH falls below the $2,500 level, there is a high possibility it could sink to the $2,300 level and $2,200 level in the coming days.

Here’s Why the Crypto Market is Falling

Solana (SOL) Technical Analysis and Upcoming Levels

However, on the daily time frame, Solana (SOL) is at a crucial support level of $140 and is also receiving support from the 200 Exponential Moving Average (EMA). If SOL falls below the 200 EMA, there is a high possibility it could fall to the $130 level in the coming days.

Here’s Why the Crypto Market is Falling

Additionally, the open interest for BTC, ETH, and SOL has remained stable, indicating that investors’ and traders’ interest remains consistent.

Source

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