Crypto Market Analysis — August 24
Bitcoin and Ethereum showed cautious momentum on August 24 as traders digested Powell’s remarks at Jackson Hole, signaling potential rate cuts in September. Liquidity conditions improved slightly, with BTC hovering near hourly moving averages and ETH consolidating above key support. Among altcoins, Arbitrum (ARB) tested the $0.51–0.52 support zone, drawing speculative interest, while Dogecoin (DOGE) faced potential sell pressure after a whale moved nearly 900M tokens to Binance. Hyperliquid (HYPE) saw fading volume, dropping over 60% from the previous session, suggesting a cooling of short-term hype.