Crypto Market Analysis | 23 August 2024

Crypto Market Analysis

Facing strong resistance around the $61k level, BTC seems to be taking a breather after a volatile week. However, it looks like the market is now waiting for Fed Chair Powell’s speech today to estimate how aggressive the interest rate cuts are going to be.

Talking about altcoin, Tron’s ecosystem is in the news with its viral product, the SunPump dot meme generating more than half a million dollars in revenue within weeks of release. Tron’s most popular Dex’s token SUN was also the top gainer yesterday with 40% returns in the last 24 hrs.

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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