According to BitMart's market report on August 18, the total market capitalization of cryptocurrencies over the past week was $3.89 trillion, a decrease of 4.19% from the previous week.
This Week's Cryptocurrency Market Dynamics
Last week, the price of BTC fluctuated upwards around $120,000 and continued to rise in the following trading days. A brief pullback occurred on August 12, with the price dropping from around $124,000 to below $118,000, and trading volume significantly increased, indicating some profit-taking pressure in the market. However, the bulls quickly counterattacked, and BTC successfully broke through its previous high on August 14, reaching a peak of $124,497, setting a new all-time high.
The price of ETH consolidated around $4,220, and after a brief period of pressure, it experienced a strong surge on August 12, with a daily increase of nearly 8.7%, breaking through the $4,600 mark. Subsequently, bullish sentiment continued to be released, pushing ETH to a new local high of $4,783 this week, just about 3% away from its historical peak. Throughout the overall upward process, trading volume significantly increased, showing a positive influx of capital.
This Week's Popular Cryptocurrencies
In terms of popular cryptocurrencies, ADA, SKL, ALPINE, CTSI, and ALU all performed well. ADA's price increased by 1.54% this week, with a peak price of 1.0139 USDT. SKL's price surged by 58.79%, with a 24-hour trading volume of 6.73 billion. ALPINE and CTSI rose by 56.51% and 43.75%, respectively. ALU had a 24-hour trading volume of 1 billion.
U.S. Market Overview and Hot News
Dow Jones Index: Best performer, with an increase of about +1.7% last week, outperforming the other two major indices. S&P 500: Up about +0.9%, achieving a weekly winning streak (four wins and one loss). Nasdaq Index: Up about +0.8%, also reaching a new high this week.
Brazil plans to hold a hearing on Bitcoin strategic reserves on August 20;
Wyoming's stablecoin WYST is set to launch on August 20;
The Federal Reserve will release the latest monetary policy meeting minutes at 12 AM Beijing time on August 21;
Powell will speak at Jackson Hole on August 22, with the market focusing on interest rate cuts and succession trends.
Popular Sectors and Project Unlocks
Base
The decentralized exchange (DEX) on Base chain saw its daily trading volume surpass $2 billion for the first time, reaching a new local high, highlighting its trading activity and capital capacity in the Layer 2 sector. The current increase in trading volume not only reflects a recovery in market sentiment but also demonstrates Base's competitiveness in terms of fee advantages and execution efficiency.
Fasttoken (FTN) will unlock approximately 20 million tokens at 8 AM Beijing time on August 18, accounting for 2.08% of the current circulating supply, valued at about $91.4 million.
Melania Meme (MELANIA) will unlock approximately 26.25 million tokens at 8 AM Beijing time on August 18, accounting for 5.60% of the current circulating supply, valued at about $5.7 million.
LayerZero (ZRO) will unlock approximately 25.71 million tokens at 7 PM Beijing time on August 20, accounting for 8.53% of the current circulating supply, valued at about $56.6 million.
KAITO (KAITO) will unlock approximately 23.35 million tokens at 8 PM Beijing time on August 20, accounting for 10.87% of the current circulating supply, valued at about $26.2 million.
ZKsync (ZK) will unlock approximately 25.71 million tokens at 7 PM Beijing time on August 20, accounting for 8.53% of the current circulating supply, valued at about $56.6 million.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
