"RBC-Crypto" does not provide investment advice; this material is published for informational purposes only. Cryptocurrency is a volatile asset that can lead to financial losses.
On the morning of August 27, Bitcoin ($BTC) is trading below $79K, and Ethereum ($ETH) is around $2.5K. Over the past 24 hours, the price of $BTC has remained almost unchanged, while $ETH has gained over 1% in value.
Cryptocurrency Prices
In the catalogs of major online exchange aggregators, offers to sell the stablecoin $USDT on the TRC20 standard for cash rubles or via the Faster Payments System (SBP) start at 88 rubles per 1 $USDT.
The total market capitalization of the crypto market is above $2.65 trillion. The crypto market's Fear & Greed Index stands at 71 points (the "Greed" zone) out of a possible 100—this indicates that investors are inclined to buy cryptocurrencies.
Among the top 100 cryptocurrencies by market capitalization over the past 24 hours, the meme coin SPX6900 ($SPX) showed the strongest growth at 15%. The token that declined the most during this time was the Layer 1 blockchain token—Polygon (POL), which fell by 13%.
During the trading session on August 26, the capital inflow into exchange-traded funds (ETFs) based on $BTC amounted to over $232 million. The inflow into $ETH funds was nearly $192 million. These funds have recorded a series of eight consecutive days of capital inflows.
Bitcoin News
There have been no significant price fluctuations in Bitcoin, but there is news in the cryptocurrency security sector. The company StarkWare has developed the first known method to protect a Bitcoin transaction from a potential attack by a yet-to-be-created quantum computer.
StarkWare proposed a method to protect a transaction at the moment of sending $BTC by encrypting it in a special way. For now, this is a test version and theoretically only protects Bitcoins during the transfer, not vulnerable coins passively stored on addresses.
With reduced volatility in recent days, analyst activity regarding forecasts for Bitcoin's future market trajectory has quieted down. However, positive opinions still prevail.
Robert Mitchnick, head of the digital assets division at the asset management company BlackRock, noted that the leading cryptocurrency "will continue to grow." Meanwhile, major broker Bernstein forecasts the coin's price to reach $200K by mid-2027.
For crypto traders in general, these days are marked by one of the most important annual market events in the US—the Jackson Hole Economic Symposium, which is often used by monetary authorities to shape future policy.
The event takes place from August 27 to 29, and on August 28, the head of the US Federal Reserve, Kevin Warsh, will deliver a public speech, which will be closely watched by participants across all markets, including the cryptocurrency market.
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