The most important cryptocurrency on the market began August with a bearish trend, although it remains to be shot from its record.
Bitcoin operates on Monday upwards, a trend that It allows to moderate the falls He scored the crypto asset during the last seven days. It is a trend that It replicates more strongly among the Altcoins, with Ethereum at the head. Thus, the most important cryptocurrency in the market is sold to US $ 114,831a 0.8% daily risewhile weekly performance remains negative: Drag a 2.7% decline.
Cryptocurrencies rise along with the main indices of Wall Street on a day marked by the recovery of global bags after the hard ads in the field of tariff policy by USA and the bad job fact that negatively impacted on global markets this Friday.
That day, Bitcoin suffered outings of US $ 404 million In their investment funds (including ETF in cash) that pressed their price to $ 112,000, although later He recovered slightly au $ s114,000. Despite this setback, Coinshares He stressed that the net tickets of US $12,200 million in the last 30 days, equivalent to 50% of the annual tickets, reflect a moderate benefits.
The Altcoins accompany the increases
So, Ethereum (eth)the second most important crypto in market capitalization, rises 5% to U $ S3.646 while at the weekly level the decline is 5.1%. This trend is observed in the rest of the Altcoins: Rippe (XRP) It rises at a daily level is 5.3%, BNB (BNB) 1.9% and Solana (Sol) It does 2.7%. The Dogecoin Memecoin (Doge) It also increases 3% and Tron (TRX) 2.1%.
According to a recent goodbit report, August “has traditionally been challenging month for the main cryptocurrencies, With historically negative returns since 2021“In this sense, from the Exchange they stated that” while the restrictive policy of the Fed persists and the commercial tensions do not love, the risk of prolonging the correction will remain in force. “
Source: Ambito
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