Bitcoin Flirts With $115,000 as Crypto Markets Remain Uncertain: Market Watch
Main Idea
The cryptocurrency market shows minimal volatility with Bitcoin nearing $115,000 and altcoins experiencing modest gains, while liquidations remain relatively low.
Key Points
1. Bitcoin's price increased by 0.8% in the past 24 hours, approaching $115,000, with sellers failing to push it below $114,000.
2. Liquidations were relatively low, with BTC accounting for $18 million and ETH for $50 million, totaling around $146 million in derivatives markets.
3. Altcoins like ETH, DOGE, XLM, SUI, SOL, LINK, and BNB saw gains between 1% and 5%, with POL, ENA, and MNT being the top performers.
4. Polymarket indicates a 79% chance of a 25 bps rate cut in September.
Description
The broader cryptocurrency market remains relatively uncertain, although for the past 24 hours, it appears that the bulls might be having the upper hand. The global tension, largely provoked by ongoing geopolitical conflicts and trade hurdles has surely had an impact, while the state of the US economy also seems to be a fundamental consideration behind the recent market moves in crypto. Bitcoin Price Flirts With $115,000 The past 24 hours saw BTC’s price increase by around 0.8% and attack the $1...
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