Cryptocurrency market shows recovery amid regulatory decisions in the US

On Tuesday, August 26, the leading cryptocurrencies showed a recovery after falling amid growing expectations that the US Federal Reserve would cut rates. The market was boosted by the resignation of Fed Governor Lisa Cook, which could give President Donald Trump a majority in the central bank’s governing body.

Thus, Bitcoin BTC $114,204.00 Mezo Wrapped BTC 0.65% Market capitalization $41.82 million VOL. 24 hours $1.83 billion rose by 1.33% to trade at $ 111,266, recovering from Monday’s losses. Ethereum ETH $4,594.63 Bridged Ether (StarkGate) 3.96% Market capitalization $0.11 billion VOL. 24 hours $3.55 billion rose by 4.11% to $ 4,559, XRP XRP $3.01 XRP 3.57% Market capitalization $179.05 billion VOL. 24 hours $0.43 billion added 4.09% to $ 2.99, Solana SOL $204.21 Binance-Peg SOL 8.58% Market capitalization $0.22 billion VOL. 24 hours $1.11 billion - 3.68% to $ 194.69, and Dogecoin DOGE $0.22 Binance-Peg Dogecoin 4.43% Market capitalization $0.56 billion VOL. 24 hours $0.25 billion - 3.32% to $ 0.2168. The total capitalization of the crypto market increased by 2.64% to $ 3.86 trillion.

The most profitable assets for the day were Cronos (28.24% to $ 0.1987), Story (12.86% to $ 6.18) and Hyperliquid (12.38% to $ 48.35). Over the past 24 hours, the market has liquidated positions worth about $ 280 million, with almost equal volumes going to longs and shorts.

Bitcoin’s dominance index dropped to 57.5%, while Ethereum’s share rose to 14.3%, the highest since November last year. Analysts note that a 0.20% drop in open interest with a price increase may indicate that short positions are being closed. At the same time, a collapse to $ 180,000 could result in the liquidation of more than $ 620 million in long positions.

Crypto trader Ali Martinez warned of a «death cross» in the weekly MACD indicator for Bitcoin, which historically signals a risk of a drop. Another analyst, known as Wolf, expects Ethereum to consolidate in the $ 4,000-$ 5,000 range over the next quarter before rising further.