Prices provided herein may be provided by market makers and not by exchanges.Any trading or other financial decision you make shall be at your full responsibility, and you must not rely on any information provided through the website. The content of the website is not personally directed to you, and we does not take into account your financial situation or needs.The information contained in this website is not necessarily provided in real-time nor is it necessarily accurate. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. (There is no EMA technical analysis due to the available price points). However, market sentiment across the broader crypto market will need to remain bullish for OP to break down resistance at $2.50.Ī fall back to sub-$1.70 would give the bears a look at sub-$1.50 and the August low of $1.362. Looking at the trends, a return to $2.00 would support a breakout from the week high of $2.238 to target $3.00. In the previous week, the platform also released Drippie, a new transaction system, which added further support.Īt the time of writing, OP was up 2.05% to $1.9400.
#Crypto market watch update
The latest network update followed news of Curve Finance submitting a governance proposal on Optimism for 100 million OP tokens for distribution on the Curve Pool that delivered support. “The program will run for 90 days with a distribution of 5M OP to the Aave Protocol’s Optimism Market users.” News from Aave ( AAVE) of the launch of the OptimismFND Liquidity Mining Program delivered OP price support. This week, Monday through Sunday morning, Optimism (OP) was up 22.47% to $1.9400.Ī bearish start to the week saw OP fall to a Tuesday low of $1.362 before surging to a Thursday high of $2.238. The Bitcoin Fear & Greed Index reflected investor caution, falling from 42/100 on July 30 to 30/100 on Sunday morning.įLOWUSD 070822 4 Hourly Chart Optimism (OP) However, BTC failed to revisit the $24,000 handle.īTC movements reflected the market reaction to the US economic indicators and sentiment towards Fed monetary policy. On Friday, US economic indicators delivered the single upswing of the week. BTC struck a Wednesday high of $23,616 before falling to a Thursday low of $22,418. This week, Monday through Sunday morning, bitcoin (BTC) was down 1.62% to $22,931. However, CHZ, FLOW, OP, and YFI could decouple from BTC and the NASDAQ 100. We expect the NASDAQ 100 to continue to drive appetite for BTC and the broader market.
Following better-than-expected US nonfarm payroll numbers, another spike in inflation could fuel bets of a one percentage point rate hike, crypto market negative. On Wednesday, US consumer price inflation numbers will be the key stats of the week. In addition to further network updates, the US economic calendar will continue to provide direction. While Ethereum ( ETH) Merge updates remained the key focal point, other updates have highlighted a pickup in activity across the digital asset space.Ĭhiliz ( CHZ), Flow ( FLOW), Optimism ( OP), and yearn-finance ( YFI) are among the coins currently trending and enjoying positive price action. Recent crypto network news updates have put several coins back in the spotlight.
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