Crypto Market Analysis | 30 August 2024 

Crypto Market Analysis

Bitcoin has been very volatile throughout the week with bears taking the lead, bringing down Bitcoin’s price to $59k. Bitcoin needs to re-test $65k soon for the short-term bearish structure to break.

In the US, presidential candidate Donald Trump has proclaimed to make US the “crypto capital of the planet” with his World Liberty financial website hinting at high-yield DeFi opportunities.

In the wider market, memecoins topped the losers’ charts with FLOKI (-10.5%) and DOGS (-6.5%).

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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