Crypto Weekly (12/08 – 18/08): Dull Market, Bitcoin Trading Sideways

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:

1. 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.
2. 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!