This Week in Crypto, Full Written Summary: W4 August
For those short on time, here are the key takeaways from this week’s crypto analysis:
- Fed Rate Cut Hints Fuel Market-Wide Surge: The primary driver for the recent rally is Jerome Powell’s dovish tone, creating a “buy the rumor” environment across crypto and stocks.
- Ethereum on the Brink of a New All-Time High: ETH is just inches away from its historic peak, but on-chain data shows its valuation is entering a “danger zone,” signaling potential for a pullback.
- Bitcoin Shows Worrying On-Chain Signs: Despite price stability, the amount of Bitcoin held on exchanges is rising, a trend that has historically preceded selling pressure.
- Altcoin Market Highlights: Chainlink is decoupling from the market with a new year-to-date…
