BTC Surges 9%
Bitcoin surged 8.86% over the week, driven by strong ETF inflows and a short squeeze that wiped out $4 billion in leveraged positions. The cryptocurrency's price broke through the $70,000 barrier, with some analysts predicting it could reach $80,000. Ethereum also saw significant gains, rising 19.58% as ETF inflows and short liquidations fueled a rally. Other major cryptocurrencies, including XRP and ZEC, also saw notable price increases. The crypto market as a whole added over $200 billion in value over the course of the week. 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 the past week, 1406 signals reached a target, averaging +6.34% profit and +8.50% peak.
Headlines
- Bitcoin (BTC) Climbs 25% Toward $80K as ETFs Record Largest Weekly Inflows Since OctoberBlockonomi · Aug 22
Bitcoin climbs 25% toward $80K
- Crypto Market Sees Over $400B Inflows in the Last 5 Days; Here Are Signs Bull Run Has Started, Analyst Weighs InZyCrypto · Aug 22
Crypto market sees $400B inflows in 5 days
- 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.
- Zcash Price Eyes $1,000 as ZEC Breakout and ETF Launch Boost Bullish OutlookTronWeekly · Aug 23
Zcash price eyes $1,000
- XRP Price Suffers a Brutal Flash Crash as $1.35 Billion Crypto LiquidationBeInCrypto · Aug 22
XRP price suffers brutal flash crash