The crypto market continues to experience a bearish trend this morning, with Ethereum struggling to hold above $4,100 and Bitcoin dropping below $113,000.
BlockBeats News, August 20th, according to HTX market data, last night and this morning, the crypto market continued to experience a bearish trend. In particular,
Ethereum fell to around $4100, currently priced at $4107.89, with a 24-hour decline of 2.02%.
Bitcoin dropped below $113,000, currently priced at $112,895.92, with a 24-hour decline of 0.78%.
On the news front, the main bearish factors may come from the decline in the US stock market and international macroeconomic uncertainty: the US stock market closed on Tuesday with the Dow slightly up, the S&P 500 down 0.58%, and the Nasdaq down 1.46%. The Russia-Ukraine conflict escalated again, and the market expects Powell's speech to potentially shatter expectations of a 50 basis point rate cut.
You may also like
Gainers
Latest Crypto News
Visa Partners with AquaNow to Enable Faster Settlements Using Stablecoin
24-Hour Spot Funding Flow Leaderboard: BTC Net Inflow of $473 Million, ETH Net Outflow of $33.22 Million
A whale has ended a nearly 3-year hibernation, selling 200 BTC.
「Cool-Headed King of Opening Single Orders」 Reverses Long after Short Position Liquidation, With Losses Exceeding $18 Million in the Past 7 Days
BSC On-Chain Meme "Meme Pengu," "BNBHolder" Price Continues to Decline, Retreating Over 50% from Recent Highs
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:[email protected]
VIP Services:[email protected]