Bitcoin is moving sideways in a consolidation, forming a bull flag that is clear in the daily chart.
Bitcoin might be up 20% after flash crashing and breaching $50,000 in early August.
Over the last year or so, since crypto prices began bouncing strongly from late Q3 2024, interest has spiked, drawing attention to low-fee and scal
Ethereum is pushing higher, as shown in the daily chart.
Ethereum fell to as low as $2,100 this week before bouncing, adding an impressive 25% from August 2024 lows.
Solana, a public blockchain known for its high transaction speeds, is again under scrutiny.
As visible from their daily chart performances, Bitcoin, Ethereum, and other top altcoins are not free from bearish pressures.
While Bitcoin and top altcoins are stable at press time, the sharp liquidation from the weekend to August 5 led to a major shakeout.
Bitcoin is falling. Earlier today, the coin crashed to as low as $49,000, a 30% dip from July highs.
