Market dynamics on August 13: BTC fluctuates, altcoins strongly rebound, and previously halved bottom coins welcome a rise

Bitget2024/08/13 02:28

I. Market Dynamics

- BTC is fluctuating, while altcoins are showing strength. Altcoins that had previously fallen by 90% are rebounding, while high-cap coins that have been consolidating at high levels are experiencing downward fluctuations, similar to the high-low rotation seen in U.S. stocks.

- U.S. stocks are fluctuating. The Olympics just ended, and global conflicts have erupted.

II. Market Focus

- SATS and ORDI from the BTC ecosystem have surged. SATS broke out on the weekly chart, with a bottom reversal and its market value surpassing ORDI.

- MOVE series public chains, such as SUI and APT, have seen significant gains. SUI established a trust with Grayscale, with a large unlock scheduled for early September and recently completed OTC trading. The market views it as a cheaper alternative to SOL.

- Tokens from the COSMOS ecosystem, such as DYM, TIA, SEI, and SAGA, have risen. STRID conducted an airdrop for users staking DYM.

- The ETH public chain has risen, and ecosystem tokens like CRV and CVX have followed suit. ETH has completed its adjustment, while BTC and SOL have not yet.

- MEME's PEOPLE token has rebounded. Elon Musk interviewed Donald Trump today.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.