ZEC Surges 5.73%
Zcash price surged 5.73% over the day, driven by a bullish outlook and the launch of a new ETF. The token's price eyes $1,000 as its 8-year high is reached. Meanwhile, other tokens such as Solana and Ethereum also saw significant gains, with SOL rising 1.13% and ETH increasing 1.33%. However, not all tokens were fortunate, as LINK fell 1.48% and SAND rose 1.48% despite being hit by a cross-chain exploit. The overall crypto market cap surged to $2.74T, adding $500B. Not financial advice · DYOR
Market overview
Total crypto market cap stands at $2.36T on $121.31B of 24h volume. BTC dominance is +58.79% and the Fear & Greed index reads 73 — Greed.
Signal performance
Over today, 136 signals reached a target, averaging +6.60% profit and +8.53% peak.
Headlines
- Bitcoin’s Five-Day Surge to $77K: What Cost-Basis Levels RevealBlockonomi · Aug 23
Bitcoin's recent rally to $77K is supported by cost basis levels and liquidity clusters, indicating a potential major move.
- Could Ethereum Hit $5,000? On-Chain Data Fuel Bullish CaseBlockonomi · Aug 23
Ethereum's on-chain metrics suggest a potential rise to $5,000, supported by whale activity and reduced exchange outflows.
- Bitwise Just Took $1.8 Billion in a Bear Market, Tom Lee NoticedBeInCrypto · Aug 23
Bitwise takes $1.8 billion in bear market
- Ray Dalio Backs Bitcoin as US Debt Could Spiral to $60 TrillionBitcoin News · Aug 24
Ray Dalio backs bitcoin
- Ethereum Rebounds 31% As Short Liquidations Fuel RallyBlockonomi · Aug 23
Ethereum's recent 31% rebound was driven by forced short covering, indicating a technical rally.