Over on X-which, yes, is Twitter reinvented-the chart master Ali Martinez is squinting hard at Dogecoin’s 12-hour price chart, observing its triangular movements and probably wishing for a nap. In technical analysis, triangles appear when prices are so indecisive they need geometry to express their feelings, bouncing melodramatically between two converging trendlines.
Bitcoin-that overexposed socialite-now trades near $113,500, down from last week’s glittering $124,000 apex. Ether, XRP and SOL follow like obedient courtiers, curtsying toward the abyss. The CoinDesk 80 Index has tumbled 13 %, proving that gravity, like scandal, loves the spotlight.
This nosedive is happening amidst a wider crypto slump. Big-name cryptocurrencies are collectively reeling, and today, Ethereum decided to join the party.
Ethereum’s venerable treasury colossus, BTCS Inc., has proffered a novel proposition: dividends and tokens of appreciation in ETH to its shareholders, a gesture as unexpected as a sonnet in a stock market. 🎭
This latest dip, oh so subtle, coincides with traders reducing their risk exposure before the grand speech of Federal Reserve Chair Jerome Powell at the Jackson Hole symposium on August 23. On-chain data, those cryptic hieroglyphs of the digital age, revealed a significant movement: nearly 12,000 BTC were transferred to exchanges, a clear sign of profit-taking near recent all-time highs. When large amounts of Bitcoin waltz into exchanges, it often whispers the intentions of the whales-those colossal creatures of the crypto sea-suggesting they might be preparing to sell. 🐳
Cryptocurrency Stacks ranks 98 place by market capitalization. The price of STX has decreased by 80.42% from the maximum value on 1 April 2024. Today the price for 1 STX is 0.655 USD. Yesterday the rate was 0.692 USD for 1 Stacks. STX/USD traded in the range of 0.652 – 0.657. The difference compared to the previous day was -5.35%.
Cryptocurrency NEXO ranks 97 place by market capitalization. The price of NEXO has decreased by 66.65% from the maximum value on 12 May 2021. Today the price for 1 NEXO is 1.285 USD. Yesterday the rate was 1.313 USD for 1 NEXO. NEXO/USD traded in the range of 1.273 – 1.309. The difference compared to the previous day was -2.13%.
Cryptocurrency Celestia ranks 96 place by market capitalization. The price of TIA has decreased by 91.22% from the maximum value on 10 February 2024. Today the price for 1 TIA is 1.650 USD. Yesterday the rate was 1.735 USD for 1 Celestia. TIA/USD traded in the range of 1.647 – 1.665. The difference compared to the previous day was -4.90%.
Cryptocurrency Curve DAO ranks 94 place by market capitalization. The price of CRV has decreased by 93.58% from the maximum value on 14 August 2020. Today the price for 1 CRV is 0.8275 USD. Yesterday the rate was 0.8744 USD for 1 Curve DAO. CRV/USD traded in the range of 0.8210 – 0.8303. The difference compared to the previous day was -5.36%.
Cryptocurrency Optimism ranks 92 place by market capitalization. The price of OP has decreased by 83.47% from the maximum value on 6 March 2024. Today the price for 1 OP is 0.691 USD. Yesterday the rate was 0.724 USD for 1 Optimism. OP/USD traded in the range of 0.687 – 0.695. The difference compared to the previous day was -4.56%.
