Crypto |
BTC |
ETH |
Weekly High |
$ 113,220 |
$ 4,747 |
Weekly Low |
$ 107,556 |
$ 4,280 |
PCE data came in as expected, pushing September rate cut odds to nearly 90%.Bitcoin reached the critical $108K threshold and maintained stability at that level. Among altcoins, Solana‘s ecosystem displayed strong momentum, whereas Ethereum lagged behind despite robust ETF capital inflows. The market may soon return to a "boring" sideways trading range, waiting for the next major data release.
Upcoming Macro Calendar - Source: Trading Economics
BTC and ETH both experienced a cooldown this week. ETH relinquished most of its gains from the post-Jackson Hole speech rally, while BTC fell more significantly, dipping below $110,000 for the first time since early July. Realized volatility surged, with BTC approaching 40 and ETH exceeding 80. Implied volatility moved in sync but trended lower as the market approached the extended U.S. Labor Day weekend. ETH call skew softened across the curve, while long-term BTC call skew remained steady. In the near term, puts are now favored.
The major benchmarks closed slightly lower for the week: the DJIA lost 0.2%, the S&P 500 -0.1%, and the Nasdaq -0.2%. The Chinese stocks continued the rally: the Shanghai Composite Index added +0.84%, the CSI 300 rose +2.71% while the Hang Seng index lost 1.03%.
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