Cryptheory – Just Crypto

Cryptocurrencies are our life! Get an Overview of Market News

Crypto Market Summary: Aug 9 – 15

1 min read

Crypto Market Summary: Aug 9 – 15

Last Week Recap

BTC has crossed the $42K level quite convincingly to touch the $45K level, albeit briefly. As mentioned by our editorial team last week, ETH’s gain surpassed most other crypto due to the game-changing dynamics from the London hard fork.

For this coming week:

  • We expect some profit taking to happen early this week, before the current rally resumes.
  • ETH should continue be the poster-child for long term investors and holders.
  • Beneficiaries of ETH such as DEX (Uniswap) will track ETH’s exuberant price rise.
  • This week we should see a pick up in ALICE token as their technicals have been on a consolidation range for some time. Any steep drop should be met with a strong rebound.
  • XRP vs SEC case. The recent SEC settlement with a DeFi coin may hint at the resolution with XRP.
  • We continue to like SOL, UNI, ETH and ALICE.

As usual, trade with care. Trade with what you can afford to lose.

The post Crypto Market Summary: Aug 9 – 15 appeared first on SuperCryptoNews.

Source

All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.
BlackRock (IBIT), the Grayscale Bitcoin Trust (GBTC), Fidelity (FBTC), Ark Invest/21Shares (ARKB), Bitwise (BITB), Franklin (EZBC), Invesco/Galaxy (BTCO), VanEck (HODL), Valkyrie (BRRR), WisdomTree (BTCW), Hashdex (DEFI)

Leave a Reply

Your email address will not be published. Required fields are marked *