On the morning of August 25, the bitcoin price dropped to $111,060, updating the minimum since July 10. BTC is currently trading at about $111.5 thousand, having lost 3% in a day and 3.3% in a week. The capitalization of the first cryptocurrency decreased to $2.2 trillion, with a market share of 58.2%. On Friday, bitcoin rose sharply above $117,000 after Fed Chairman Jerome Powell's speech in Jackson Hole, but over the weekend, all gains were lost. Analysts attribute the correction to profit-taking and technical resistance levels. At the same time, Ethereum on Sunday updated its historical maximum at $4,953, but then adjusted by 6.7% and is now trading around $4,600. During the week, ETH rose in price by 8%, despite a drop of 3% per day. Among other major altcoins, Dogecoin declined the most (-4.6%), Solana fell back to $ 200 after rising to $212. The total capitalization of the crypto market decreased by 2.4% to $3.88 trillion. During the day, exchanges liquidated positions of 148 thousand traders worth $722 million, of which $559 million accounted for long positions. The largest losses were incurred by transactions with BTC ($248 million) and ETH ($242 million). The fear and greed index remains in the neutral zone (47 points), reflecting the balance between interest in buying and selling. Experts warn that in the coming days, new Fed signals will become a key factor for the crypto market. Possible risks are a drop in bitcoin in the range of $ 110-115 thousand, and in case of a panic sale – to the levels of $ 105-109 thousand.
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