MARKET UPDATE Crypto has pushed higher since this morning. BTC is back above $80K, ETH is near $2,500 and SOL continues to lead around $104.50, up nearly 8% today.
Institutional demand remains strong. BTC ETFs added $232.2M yesterday, ETH added $192.4M and SOL added $3.6M, bringing the combined total above $428M.
Stocks are extending their gains as well. The Nasdaq is up around 1.2%, the S&P 500 is up 0.5% and the Dow is up 0.3%, led by another huge day for Nvidia and tech.
BTC now needs to hold $80K and break through $81K-$82K. If it does, $83K-$86K is the next major zone. If rejected, $77K-$79K remains the support area.
Momentum is clearly bullish, but tomorrow’s Jackson Hole speech could bring volatility. Let the market confirm the breakout and don’t over-leverage
As always DYOR (Disclaimer)
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