🔵In August, Bitcoin reached a new all-time high of $124,517 but failed to hold the peak. Pressure came from U.S. inflation data and contradictory comments from Treasury Secretary Scott Bessant, which lowered expectations of imminent Fed policy easing. As a result, the leading cryptocurrency pulled back from its high, though the long-term trend remains upward.
🔵Meanwhile, Ethereum and Chainlink showed solid growth. ETH moved closer to its record, driven by record inflows into ETFs and strong institutional interest, while Chainlink was supported by the launch of its own reserve and a partnership with ICE. Despite Bitcoin’s correction, the overall sentiment in the crypto market remains positive.