Crypto Market Analysis | 27 August 2024

Crypto Market Analysis

After meeting with stiff resistance at $65k, BTC corrected to $63k even as the US ETFs continue to see record inflows, with Blackrock’s IBIT getting more than $221.9 million worth of inflows yesterday alone.

Yesterday, another token on the Telegram-linked TON blockchain got listed on an international exchange which the community got airdropped to by doing certain tasks on Telegram. It got listed with a market cap of a massive $670 million even as Telegram’s founder is still under French custody.

As the traditional market looks forward to the largest AI company Nvidia’s earnings on Wednesday this week, AI tokens like RENDER, FET, and TAO have been seeing a slight move and are expected to remain volatile.

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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