“Galaxy, Sharplink, Bitmin Were Among the Names That Plunted Nearly 10% As Risk Appetite Faded and Bitcoin Sunk to $ 113,000.”, – WRITE: www.coindesk.com
Down to $ 113,000.
Strategy (Mstr), The Largest Corporate Owner of BTC, Closed The Session 7.8% Down at $ 336, AT ITS WEKEST PRICE SINCE April 22.
Ethereum
Treasury Firms Sharplink Gaming
(Sbet)
and Bitmine
(BMNR)
lost 8%-9%, While Solana-Focused Accumulators Defi Development
(DFDV)
and Upexi
(Upxi)
Plunged 13.7% and 9%, Respectively.
Digital Asset Investment Firm Galaxy (Glxy) SLID 10%, While Robinhood (Hood) Sank 6.5%and Coinbase (Coin) Fell 5.8%. BTC Miner Mara Holdings (Mara) Declined Nearly 6%, While Some High-FC HPC NAMES LIKE BITDEER (BTDR), Iren (Iren) and Hut 8 (Hut) Plummeted Nearly 10%.
Risk Appetite Quickly Evaporated this Week As Traders Anticipate Fed Chair Jerome Powell’s Friday Speech at Jackson Hole, Wyoming.
Read More: Bitcoin Drops Below $ 114k, Ether Loses $ 4.2k As Jackson Hole Speech Might Bring Hawkish Surprise
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The Token Broke Through Key Support Levels in Voltyle Trading After Hotter-Qan-Exectored US Inflation Data Spurred $ 460 Million in Crypto Liquidations.
- HBAR SLUMPED 2.46% to $ 0.238 Between August 18-19, Breaking Key Support Levels Amid Heavy Selling and Elevated Trading Volumes.
- Macro Headwinds Intensified Pressure, with US Producer Price Index Data Exceeding Fed Forecasts and Triggering $ 460M in Crypto Liquidations.
- Long-Term Outlook Remains Supported by Hbar’s Enterprise-Grade Infrastructure and Partnerships, Despite Short-Term Volatility.
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