{"id":41448,"date":"2024-08-07T09:30:49","date_gmt":"2024-08-07T04:00:49","guid":{"rendered":"https:\/\/coinswitch.co\/switch\/?p=41448"},"modified":"2024-08-07T09:31:09","modified_gmt":"2024-08-07T04:01:09","slug":"7-august-2024","status":"publish","type":"post","link":"https:\/\/coinswitch.co\/switch\/market-analysis\/7-august-2024\/","title":{"rendered":"Crypto Market Analysis | 7 August 2024"},"content":{"rendered":"\n<p>Market volatility persists as Bitcoin (BTC) rebounded with a 5% gain today, following four consecutive days of significant losses. On-chain data indicates that crypto whales are buying the dip, although Bitcoin ETF data shows net outflows from ETF buyers.<\/p>\n\n\n\n<p>Solana (SOL) leads with an 8% increase in the past 24 hours, trading around the key psychological support level of $150. Solana-based memecoin MEW outperformed, leading the top 100 coins with a 17% gain.<\/p>\n\n\n\n<p>Following the approval of the Ethereum (ETH) ETF in the US, BlackRock is now pushing for listing options on its spot Ether ETF. In a filing to the SEC, BlackRock and Nasdaq have proposed a rule change to list and trade such options.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Market volatility persists as Bitcoin (BTC) rebounded with a 5% gain today, following four consecutive days of significant losses. On-chain data indicates that crypto whales are buying the dip, although Bitcoin ETF data shows net outflows from ETF buyers. Solana (SOL) leads with an 8% increase in the past 24 hours, trading around the key [&hellip;]<\/p>\n","protected":false},"author":93,"featured_media":40439,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[14714],"tags":[6467,6602,6536],"class_list":["post-41448","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-analysis","tag-crypto","tag-market-update","tag-news"],"acf":{"key_takeways":false,"youtube_vodeo_url":"","seo":{"title":"","keywords":"","description":"","canonical":""},"blog_banner_image":false,"blog_coin":false,"download_the_app":{"button_value":"","button_url":""},"twitter_card":{"twitter_title":"","twitter_description":"","twitter_link":""},"maturity_tag":"","post_author":false,"guest_author":false,"hide_toc":true,"select_disclaimer":"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\u2019s risk."},"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/41448","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/users\/93"}],"replies":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/comments?post=41448"}],"version-history":[{"count":3,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/41448\/revisions"}],"predecessor-version":[{"id":41452,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/41448\/revisions\/41452"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media\/40439"}],"wp:attachment":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media?parent=41448"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/categories?post=41448"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/tags?post=41448"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}