BITPRISMIA
The cryptocurrency market experienced significant volatility with Bitcoin reaching new highs followed by a correction, while altcoins like BNB, SOL, and ADA also showed notable gains.
The current Bitcoin bull cycle differs from past cycles, with the NUPL metric indicating multiple peaks and a potential prolonged run influenced by spot ETFs and liquidity, though selling pressure remains a concern.
Bitcoin reached a new all-time high above $124,500 before retracing, while Ethereum and other altcoins showed mixed performance with some gains and losses.
Bitcoin prices reached a new peak of $124,130, driven by easing global trade tensions and high US CPI, while Ethereum also neared its all-time high, with institutional capital fueling the rally.
Ethereum has experienced significant growth, nearing its all-time high price, with strong network activity and positive market sentiment suggesting potential for further gains.
Bitcoin recovered some ground after a dip, while several altcoins, including OKB, saw significant gains, with the total crypto market cap rising.
Bitcoin's price declined over the past 24 hours but remains positive weekly, while Ethereum held steady and several altcoins saw significant drops.
US-listed spot Ether ETFs saw a record $1.02 billion inflow on Monday, marking the highest single-day inflow since their launch in mid-2024, with BlackRock's ETHA fund leading the surge.
Bitcoin (BTC) and Ethereum (ETH) experienced significant price increases, with BTC nearing its all-time high and ETH reaching levels last seen in 2021, while the overall crypto market capitalization also rose.
The article discusses the increasing likelihood of a Federal Reserve rate cut in September, highlights key economic data releases, and notes significant movements in cryptocurrency markets.