In the crypto assets market, investors often follow a core question: Are we in a bull run? To answer this question, we need to analyze the rise data of various major crypto assets in depth.



Let's take a look at the data changes over the past year. From August last year to August this year, the highest price of Bitcoin (BTC) rose from $68,386 to $124,474, an increase of 82%. The highest price of Ethereum (ETH) grew from $3,326 to $4,887, an increase of 36.9%. Meanwhile, Solana (SOL) slightly rose from $182.68 to $212, an increase of 16%.

These data show that Bitcoin is undoubtedly in a strong rise trend. However, the situation is not so clear for Ethereum and Solana. As a new investor entering the market, it is indeed somewhat difficult to judge whether these rises constitute a bull run.

It is worth noting that market trends are also influenced by various external factors. For example, changes in the political situation in the United States may affect the release and interpretation of economic data. At the same time, the Federal Reserve's policy direction is also a focus of market attention.

According to some recent signs, such as the dovish remarks by Federal Reserve Chairman Powell at the Jackson Hole meeting and the significant downward revision of the July non-farm payroll data, many analysts predict that a preemptive interest rate cut may occur in September. This could trigger a new round of market rise.

However, investors also need to closely follow the upcoming key economic data, such as the July core PCE data and the August non-farm payroll data. This data will provide important reference for the future direction of monetary policy.

Overall, the Crypto Assets market is at a critical turning point. While Bitcoin is performing strongly, the trends of other cryptocurrencies remain unclear. Future economic data and policy changes will continue to shape the market direction, and investors need to stay vigilant and adjust their strategies at any time.
BTC0.44%
ETH3.27%
SOL6.57%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
AltcoinOraclevip
· 08-25 22:25
my algo shows 93.7% probability we're entering a supercycle... ngmi if you're not leveraging these signals rn
Reply0
SchrodingerGasvip
· 08-25 22:20
On-chain data wants to trick me into going all in.
View OriginalReply0
GateUser-c799715cvip
· 08-25 22:18
Lying flat and coasting until the rise stops
View OriginalReply0
BearMarketSurvivorvip
· 08-25 22:17
Isn't 85 u still not enough bull?
View OriginalReply0
BankruptWorkervip
· 08-25 22:13
Mine a Bitcoin and eat for ten years.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)