Market Update on August 26: Market Volatility, Strong Performance of BTC Ecosystem Tokens, TON's Sharp Decline Raises Concerns
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Bitget2024/08/26 02:15
I.
Market Dynamics
1. Market volatility, widespread decline in altcoins.
2. U.S. stocks rise, dollar index falls. Powell's dovish speech.
II. Market Focus
1. SATS, CKB, and others in the BTC ecosystem rise. Recent positive developments include BTC L2 and BTC re-staking. SATS finally breaks through resistance level 35 on the fifth attempt.
2. Doomsday chariots LUNA, USTC, and others rise. Bankruptcy hearing scheduled for mid-September.
3. Public chain TON plummets, ecosystem NOT and others follow suit. Founder arrested in France, market fears delisting similar to Tornado.
4. Public chain SUI to unlock 6000WU on September 1st.
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