Latest Crypto News (05.08.2024)
BitKan News — $ETH: Down -19.8% (Past 24H). RSI (One-Day) broke past 20. The indicator shows that the current value is ETH is oversold. Jump Trading has likely been offloading $ETH, unstaking $500M worth over the past 2 weeks. Rumors suggest they are exiting the crypto market maker business.
🚨 What Happened In Crypto Over The Last 24 Hours? 🚨
$BTC: Down -10.3%% (Past 24H). RSI (One-Day) broke past 30. The indicator shows that the current value is BTC is oversold. It is worth to note that it is the biggest 2-day drop for the Nikkei in history, surpassing Black Monday.
Significance: ★★★★☆
$ETH: Down -19.8% (Past 24H). RSI (One-Day) broke past 20. The indicator shows that the current value is ETH is oversold. Jump Trading has likely been offloading $ETH, unstaking $500M worth over the past 2 weeks. Rumors suggest they are exiting the crypto market maker business.
Significance: ★★★☆☆
Macro News: Berkshire Hathaway has been dumping more shares this quarter than ever before. The market’s reading this as a major recession red flag. Furthermore, The unwinding of Yen carry trades is causing a reduction in global liquidity, affecting asset prices across markets, including US Treasuries and crypto.
• The US tipped off the G-7 that Iran might strike Israel within the next 24 hours, according to Axios.
• Trump momentum has flipped to Kamala momentum. Polymarket showing Trump at 52% and Kamala at 45%, and the gap closing in.
• Korea Financial authorities are sniffing out possible price manipulation in $AVAIL during its Bithumb listing. This might mean fewer listings on Korean exchanges for a while.
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