Value evaluation 8/19: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, SHIB, AVAX


Bitcoin (BTC) and most main altcoins witnessed a pointy sell-off on Aug. 19, however there doesn’t appear to be a selected set off for the sudden drop. The sharp fall resulted in liquidations of greater than $551 million prior to now 24 hours, based on information from Coinglass.

Barring a V-shaped backside, different formations usually take time to finish as consumers and sellers attempt to acquire the higher hand. This tends to trigger a number of random risky strikes which may be a possibility for short-term merchants, however long-term traders ought to keep away from getting sucked into the noise.

Day by day cryptocurrency market efficiency. Supply: Coin360

Glassnode information exhibits that traders who bought Bitcoin in 2017 or earlier are simply doing that by holding their positions. The share of Bitcoin provide dormant for a minimum of 5 years hit a brand new all-time excessive of 24.351% on Aug. 18, suggesting that holders aren’t keen to promote in panic or for minor good points.

May Bitcoin and most altcoins problem their June lows or will the bulls purchase the present dip? Let’s examine the charts of the top-10 cryptocurrencies to seek out out.