Ethereum leads high-level cryptocurrencies today, after ETH ETH see the highest daily starters of all time.
Cryptographic markets show a mixed image on Tuesday August 12, while Ethereum heads for its heights in 2021, while Bitcoin stands and liquidations exceed $ 400 million.
Bitcoin (BTC) remains linked to the beach today. At the time of the press, it is negotiated at around $ 119,670, up 0.7% in the last 24 hours. BTC won 6% over the week, however, reaching more than 122,000 yesterday.
Glassnode analysts noted in an X post today that Bitcoin yields “were largely flat” during the last month, leaving it outperformed by most of the cryptography sectors. However, Glassnode underlined in its weekly review, published on Monday, that the market went from the seller to exhaust a “solid rebound” near the peaks of all time.
“Although the momentum has returned, the move should be closely monitored, as high profitability and a potential for achievement could quickly change the feeling,” said analysts.
Ethereum (ETH) leads the gains among the ten cryptocurrencies by market capitalization, up 2.5% over the day and 25% during last week to exchange approximately 4450, a level that has not been seen since 2021. ETH is currently negotiated at only 8.7% below its $ 4878.26 summit, reached in November 2021.
The increase in the price of the ETH was fed by a record of $ 1.02 billion in net entries in the ETH spot yesterday, on August 11, the highest since their launch, according to Sosovalue data.
The purchasing momentum was also supported by more than $ 150 million in short eth eth ethics in the last 24 hours, with more than $ 20 million dollars in the last hour in the middle of the leap. In total, the cryptography market has experienced more than $ 414 million in liquidations in the past 24 hours, Coinglass data appeared.
Other cryptographic assets with large capitalization, XRP is negotiated flat today at $ 3.21, up 0.4% per day and 5.6% for the week. Solana (soil) is stable at $ 178, up 0.5% in the last day.
The total market capitalization of cryptography amounts to 4.09 billions of dollars, flat by day after having reached a new summit of all time yesterday.
Dom Harz, co-founder of Hybrid Bitcoin Layer 2 Bob, told the DEFUS that Bitcoin was moving “more deeply in the financial current” while institutional entries continue to grow.
“While institutions are developing their reservations, they will seek to put these assets at work, stimulate innovation and accelerate development. This change will cement the role of Bitcoin not only as a reserve of value, but as a fully functional layer in the global financial system,” said Harz in the comments shared with the challenge.
Inflation is stable
Today’s IPC report revealed that American inflation remained stable at 2.7% in July, surprising economists who expected an increase due to the prices imposed by President Trump.
Paul Howard, senior director of the high -frequency market market Crypto Wincent, told The Deviant that the markets “had planned that the July IPC is slightly 2.8% compared to 2.7% of June”. Instead, the figure was stable “despite the inflationary pressure of the prices”.
“This result is optimistic for BTC and ETH, because it increases the probability of a potential adjustment of American rates,” added Howard.
Trump’s prices, which were widened in early August, raised concerns about the increase in interior prices. Inflation increased in June in the first signs of the trade war affecting consumers.
Reading inflation arrives as Trump continues to push the president of the federal reserve Jay Powell to reduce interest rates, adding today on the social truth that it allows a major pursuit against Powell to proceed “. While most Fed officials prefer to wait before softening the rates until the price impact is clearer, some maintain that the effects of prices will be limited.
