😳Hey, trading folks! After that Friday of euphoria, the market today, August 25, woke up in "correction" mode, showing that volatility is always on. Let's take a look at today's main movements.
Traditional Markets: Breather After Euphoria
That pro-rate cut speech on Friday got everyone excited, but today the scenario is one of adjustment. Global markets are down, with Europe recording average losses of 0.5%.
Christine Lagarde and Holiday: Christine Lagarde's speech from the European Central Bank and the holiday in the UK reduced liquidity, making the market even more sensitive.
Oil Rises: Meanwhile, the price of oil rose 0.6%, reflecting uncertainties about the ceasefire between Russia and Ukraine.
Bets on Interest Rates: Despite the correction, the market is still betting high on interest rate cuts, with 90% of predictions indicating that the change is coming.
Crypto: The Great Power Transfer 😮
Now, what really matters to us: a gigantic whale made a move that shook the market, transferring 24,000 BTC. Of this total, 18,000 BTC (about US$ 2 billion) were sold, and the remaining 6,000 BTC (US$ 670 million) were reallocated to ETH.
Drop in Bitcoin: The impact was immediate and drastic for Bitcoin, which saw its price fall rapidly, breaking the support of US$ 112,000.
Liquidations: The abrupt drop led to the liquidation of US$ 310 million in long positions, a true bloodbath for those who were leveraged.
ETH Booming: While Bitcoin was bleeding, Ethereum recorded a massive inflow of US$ 337.7 million in its ETFs, in contrast to the outflows of US$ 23.2 million from BTC ETFs. Bitcoin dominance fell to 58%.
Quotes: Where the Money Is Now 💹
Keep an eye on the quotes to understand the new market scenario:
💰 Bitcoin: US$ 111,590.00
🪙 Ethereum: US$ 4,621.33
💵 Dollar: R$ 5.43
💶 Euro: R$ 6.35
💷 Pound: R$ 7.33
It is clear that, at the moment, $Ethereum is the darling of the market. Will the money continue to migrate from Bitcoin to ETH?
#BTCWhalesMoveToETH #ETHBreaksATH #HEMIBinanceTGE #panoramaglobal
🚀DO YOU WANT TO STAY INFORMED WITH THE SUMMARY OF WHAT HAPPENS DAILY IN THE WORLD OF CRYPTO ASSETS AND GLOBAL ECONOMY?