06:13
Gate Latest Crypto Assets Market Analysis (August 27): ETH Momentum Explodes to New 8-Month High, BTC Steadily Gathers Strength, Alts Surge in Short-Term
On August 27, the global Crypto Assets market continued its active trend, with total market capitalization steadily rising. Ethereum (ETH) prices broke through $4,560, hitting a nearly eight-month high in the ETH/BTC ratio, indicating that funds are accelerating their inflow. Bitcoin (BTC) experienced a slight pullback, but long-term funds are still increasing the position, and the market structure remains healthy. Some alts such as OMI, MIX, and VLX saw a big pump of over 30% in the short-term, providing lucrative opportunities for swing traders.
ETH3.9%