The Next Leg Up Starts Now? Consolidation is painful until it isn’t. After the August rip, Bitcoin spent the better part of a week doing nothing: a $76,000 to $79,000 range from Thursday through Wednesday. Tuesday in particular featured multiple macro scares (Fed hike chatter, oil, another round in the Middle East) which shook bulls to the bottom of the range. Then, the clouds broke. $BTC ripped more than 5% in a day, breaking out to a high of $82,179 before settling above $81,000, its best close since the August run began. Bitcoin is now up roughly 28% over 30 days. The rest of the market followed. ETH is back above $2,500 (up 35% on the month), $SOL pushed through $105 with a 6% day, and the memecoin complex woke up hard, which is exactly what the biggest traders on @jtx_trade were positioned for. How hard? Weekly volume across on-chain trading and terminals just printed close to $3.8 billion nearly 10x off the spring lows and already about 40% of the Trump-launch-week peak, the single biggest week in the history of the category. The trenches are open again.
Vicki.hlShare

Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.

