Bitcoin

Solana

<ul><li>BTC trades near $29K, awaiting US inflation data&#39;s potential market impact.</li><li>XRP faces &#39;death cross,&#39; and DOGE eyes growth amid increased acceptance.</li><li>SOL shows bearish signs despite a breakout and could enter a bullish phase at $27.</li></ul>Venturing into the second week of August, the crypto market presents many trends, as highlighted by CryptoRank, a crypto data analysis platform. Bitcoin (BTC), the market&#39;s bellwether, continues to trade in a narrow range, while altcoins like Solana (SOL) and Dogecoin (DOGE) show varying degrees of volatility. Amid these market dynamics, investors are keenly watching the upcoming <a href="https://cryptotale.org/bitcoin-skyrockets-as-us-cpi-data-reveals-eased-inflation-in-may-2023/" rel="noopener noreferrer nofollow">US inflation data</a> and its potential impact on the crypto market.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/0af86aa394aa4d3c9000681bdb9ab923.png" />Bitcoin, the world&#39;s largest cryptocurrency by market capitalization, is trading just above the $29,000 mark. Despite the low volatility, the market is abuzz with anticipation as the 50-day moving average approaches the 200-day moving average, a potential bullish signal. However, the Relative Strength Index (RSI) indicates an oversold state, suggesting that bears might still have the upper hand.Meanwhile, <a href="https://cryptotale.org/ripples-xrp-poised-for-a-comeback-as-the-monetary-world-faces-turmoil/" rel="noopener noreferrer nofollow">Ripple&#39;s XRP</a> is facing a challenging technical landscape. At press time, the XRP/USD cryptocurrency pair trades at <a href="https://coinmarketcap.com/currencies/xrp/" rel="noopener noreferrer nofollow">$0.6168</a>, a 1.6% drop in the 24-hour timeframe. The token&#39;s 30-day moving average has formed a &#39;death cross&#39; with its 200-day average, hinting at possible further losses. The RSI for XRP has also dipped below 30, indicating a significant loss of momentum and a trend among traders to offload the token.Read full article at<a href="https://cryptotale.org/analysts-eye-bitcoin-and-altcoins-as-us-inflation-data-release-looms/" rel="noopener noreferrer nofollow"> CryptoTale.</a>

Analysts Eye Bitcoin and Altcoins as US Inflation Data Release Looms

CryptoTale

2023년 8월 7일에 게재된 다른 기사

PayPal To Launch Its Own USD-Pegged Stablecoin Based on Ethereum

A New Age Of Small Business Innovation Is Based On Blockchain Technology

XRP’s Historic Milestones: Awakening the Sleeping Giant

DOGE, QUBE On Investors’ Radar as Elon Musk Plans Big Moves in Twitter and AI

Shiba Inu & MATIC Baffled: VC Spectra’s Stage 2 Gain Grabs Global Attention!

monthly achievement

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!