BTC Falls 0.6%
Bitcoin declined 0.6% over the day, while other major cryptocurrencies saw mixed results, with Ethereum rising 0.46% and XRP gaining 1.05%. The decline in Bitcoin came despite positive developments, such as Blackrock cutting its IBIT conversion minimum and Kraken Pro increasing BTC/USD margin leverage. Meanwhile, the SEC is set to propose new crypto regulations and the CLARITY Act faces a 75% risk of failure. Ravencoin, on the other hand, suffered a significant loss of 18.36% due to a critical block flaw.
Market overview
Total crypto market cap stands at $2.18T on $54.20B of 24h volume. BTC dominance is +58.55% and the Fear & Greed index reads 27 — Fear.
Signal performance
Over today, 476 signals closed at a 11.8% win rate, averaging +0.74% per signal.
Headlines
- Clarity Act: Trump Admin “Fully Committed” to Pass Crypto Bill in September, Patrick Witt SaysCoinGape · Aug 11
Trump admin committed to passing Clarity Act
- $19 Billion AI Bet Backfires as Korean Retail Suffers Worst KOSPI Crash Since 2008BeInCrypto · Aug 11
KOSPI crash erases $1.59 trillion in value
- MEXC Lists DAPPOS (DOS) With $60,000 Worth of DOS and 10,000 USDT in Airdrop+ RewardsZyCrypto · Aug 11
MEXC lists DAPPOS with $60,000 airdrop
- SEC, CFTC sue Goliath Ventures over $400M crypto Ponzi schemeCointelegraph · Aug 12
SEC and CFTC sue Goliath
- Benchmark sees over 150% upside for Bitdeer on bitcoin mining, AI outlookThe Block · Aug 11
Benchmark forecasts over 150% upside for Bitdeer, driven by bitcoin mining and AI data-center expansion.