Bitcoin $115,546.30after the last rally profit purchases and upcoming macro developments brought to the $ 113,000 band. Ethereum 
$4,300.67accompanied by the decrease in the largest crypto currency, it fell to around $ 4,100. Cryptoappsy According to data, Bitcoin saw $ 112,709 during the day. In Ethereum, the price was withdrawn to $ 4.070. Analysts say that prices before Jackson Hole can maintain their horizontal and cramped movements.
Why do crypto coins fall?
Crypto Money MarketThe main reason for the pressure in the print stands out as the liquidation of snow sales and leveraged positions after the last summit. According to data, Bitcoin decreased by 2.78 percent to $ 113.234 and tested the lowest $ 112.709 in the day. Ethereum The losses on the side were harder. Withdrawal of over 5 percent brought a pricing of up to 4,070 dollars. Currently, the short -term appetite has been weakened in the market and this weakness is accompanied by a wavy volume.
Kronos Research CIO Vincent Liustressed that the price of profit purchases and leveraged liquidations suppresses crypto money prices. According to Liu, investors may be consolidated in waiting mode and until political clarity occurs. According to the expert, Ethereum is watched as $ 4,200 liquidity pivot. This level can bring the buyer above, while the six price can withdraw to $ 3,900.
The eye of the market on today and on Friday
In the consolidation process, investors focused on movements and macro catalysts in ETFs. After the record last July Spot Bitcoin ETFIn August, the entrances slowed down, even net outputs began to be seen. Spot Ethereum ETF‘s in the first two weeks of August after the strong entries in recent days returned to the exit. The direction of flows to ETFs is considered to be decisive for short -term perception.
July will be published today in the focus of the market agenda FOMC minutes And on Friday, Fed President Jerome Powell will do Jackson Hole Speech there is. Presto Research Research Director Peter Chung“The market awaits interest rate cuts in September. If Powell contradicts it, there may be a harsh correction. Chung described recent fluctuations as an uncertain conclusion.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
