Published on 15 Aug 2023 on Forkast News via Yahoo Finance
Bitcoin, Ether dip amid low volatility; Solana gains
Bitcoin traded flat on Tuesday afternoon in Asia to stay range bound above the US$29,000 support level. Ether dipped, while most other top 10 non-stablecoin cryptocurrencies traded flat to lower, with Solana’s SOL the only one strengthening. The Forkast 500 NFT index moved up after the NFT market saw the largest weekly total transactions since February 2022. Most Asian stock markets dropped after China unexpectedly lowered its interest rate on Tuesday morning and released weaker-than-expected economic data. U.S. stock futures also declined and European bourses traded lower.
Bitcoin, Ether flat; Solana rises