Cryptocurrency markets are slightly down on Friday morning ahead of Fed Chair Jerome Powell‘s speech at Jackson Hole.
| Cryptocurrency | Ticker | Price |
| Bitcoin | (CRYPTO: BTC) | $112,611 |
| Ethereum | (CRYPTO: ETH) | $4,305 |
| Solana | (CRYPTO: SOL) | $181.72 |
| XRP | (CRYPTO: XRP) | $2.85 |
| Dogecoin | (CRYPTO: DOGE) | $0.2153 |
| Shiba Inu | (CRYPTO: SHIB) | $0.00001234 |
Notable Statistics:
- Coinglass data shows 81,748 traders were liquidated in the past 24 hours for $240.55 million.
- SoSoValue data shows net outflows of $194 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net inflows of $287 million.
- In the past 24 hours, top gainers include OKB (CRYPTO: OKB), Morpho (CRYPTO: MORPHO) and Monero (CRYPTO: XMR).
Notable Developments:
- Ethereum Consolidates Below $4,300: Is $5,000 Or $4,000 Next?
- Bitcoin Will ‘Come Back Alive Again’ In September, Says Anthony Pompliano: ‘$113,000 Is Pretty Oversold’
- Ethereum’s Strength Against Bitcoin Is Real But Beware A September Pullback, Analyst Warns
- Trump’s Pardon Frees Arthur Hayes To Pursue Stem Cell Enterprises And Bitcoin Treasuries
- Gemini’s Winklevoss Twins Donate $21 Million In Bitcoin To Trump-Leaning PAC To Support US Crypto Leadership
Trader Notes: Cryptos Batman highlighted that while many are calling a cycle top, a broader look at the 4-hour chart shows this is simply a healthy Bitcoin retest.
Altcoin Sherpa views Bitcoin as shaky in the short term but expects a bounce soon, marking $110,000–$112,000 as key support zones.
ShardiB2 observed Bitcoin attempting to reverse from support.
CW noted that Bitcoin remains in a bullish zone but cautioned that the full bull market has yet to begin. IncomeSharks added that Bitcoin is still range-bound, and a support break followed by a quick reversal would not be surprising.
Read Next:
Image: Shutterstock
