Solana stood out, climbing above US$200 as it led the rotation among alt coins. Bitcoin and Ethereum remained strong, supported by ongoing ETF demand, while the total crypto market held steady around US$3.9 trillion this week.
Ahead of Jackson Hole, traders are taking profits, reducing risk, and watching inflation data and ETF flows for direction on the next phase of the crypto market.
US Fed signals macro easing. Bitcoin remains rangebound as Ethereum hits record high on rising institutional demand.
Ahead of Jackson Hole, traders are taking profits, reducing risk, and watching inflation data and ETF flows for direction on the next phase of the crypto market.
Bitcoin’s rally cooled as crypto mirrored equities’ retreat. Ethereum eased after big gains, Solana hit resistance, XRP held support, and ETFs signalled profit-taking ahead of Jackson Hole.
U.S. crypto ETFs saw nearly US$1B in outflows. The moves add selling pressure to Bitcoin and Ethereum and keep market sentiment cautious in the short term.