Crypto Market Last Week
After the initial drop at the beginning of the month, Bitcoin has gradually recovered and entered a consolidation phase over the past week. The price fluctuated within a narrow range of $56,100 to $61,800, showing significant stability compared to previous weeks.
This sideways movement reflects a cautious market sentiment. The Fear & Greed Index at 28 indicates that investors are still wary. Additionally, there were no major news events significantly impacting the price.
While Bitcoin remained stable, a few altcoins showed signs of recovery. However, most continued to move sideways in line with Bitcoin or continued searching for a bottom.
Top 10 Gainers of the Week
Top 10 Losers of the Week
Key News from Last Week
- Surprise Attack on Interview Between Elon Musk and Donald Trump
- El Salvador Aims to Build a Bitcoin City
- Binance Labs Invests in Solayer Protocol on Solana
- Grayscale Establishes New Investment Trust for MakerDAO
- Crypto.com Becomes Partner of the UEFA Champions League
- DOGS Announces Tokenomics, 81% Allocated to the Community
Token Unlocks This Week
This week, several notable projects are unlocking tokens:
- Avalanche: Unlocking AVAX tokens worth up to $212 million.
- Pixel: Unlocking tokens worth $7.8 million.
- Space ID: Unlocking tokens worth $6.6 million.
Macro News This Week
This week, there are only two significant news items:
- FOMC Meeting Minutes:
- Scheduled for 18:00 on Wednesday, August 21 (UTC). The minutes will reveal the FOMC’s stance on monetary policy, helping us predict upcoming policies.
- Jobless Claims Data:
- Scheduled for 12:30 on Thursday, August 22 (UTC). If the data released is higher than expected, it will be negative for the USD, and vice versa.
Stay updated with the latest news daily at AZC.News!
