Crypto Market Analysis | 2 September 2024 

Crypto Market Analysis

Bitcoin has lost all the gains it made last week and is now trading below the $57.5k mark, seeing only one green day in the last seven days. The entire crypto market cap also sits at a $2 trillion support mark, which could easily cause another 10% dip in Bitcoin prices before the next support line is found.

Recently-listed Telegram’s popular new coin DOGS was among the top losers, losing more than 14% in the last 24 hours. TON has been trading at a 4% discount since yesterday.

In an important development, Cardano has made a shift to decentralized governance as its Chang hard fork going live, where in the next 90 days – ADA token holders will take full control over this layer 1 blockchain.

Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered investment/financial advice from CoinSwitch. Any action taken upon the information shall be at the user’s risk.

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