Geopolitical developments, central bank symposium, and Fed minutes on Weds.
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↔️ Crypto flat - Bitcoin steady at $115K, broader market slightly in the red.
📊 Sentiment shift - Fear & Greed in Neutral; RSI drops closer to oversold levels.
🌍 Geopolitical watch - Trump signals support for Ukraine in peace talks with Russia.
🏦 Central bank focus - Investors await Powell’s Friday speech and Fed minutes for rate clues.
It’s wait-and-see mode among crypto and stock investors, with both risk-on markets virtually unmoved since this time yesterday. Bitcoin is coasting around $115,000, while the broader crypto market cap has slipped 0.3% over 24 hours. The Nasdaq 100 and S&P 500 remain flat compared to yesterday.
The Fear and Greed Index now sits firmly in Neutral territory, with the Bitcoin Relative Strength Index, a closely watched crypto sentiment tracker, falling overnight to 38. That’s closer to the oversold threshold of 30, a level many watch as a potential signal for trend reversals.
Financial markets are also digesting talks between US President Donald Trump and his Ukrainian counterpart Volodymyr Zelenskiy, where Trump pledged to support Ukraine’s safety if a peace deal with Russia were reached.
Adding to the mix, the central bank symposium on Friday will gather central bankers, economists, policymakers, and journalists to discuss global economic and monetary issues. Investors will be watching Fed Chair Jerome Powell’s speech closely for any hints on expected September rate cuts. Market commentators remain divided, with some calling for a more cautious approach. The minutes from the Fed’s July meeting, due tomorrow, could also provide clues, giving investors plenty to weigh this week.
In the markets…
🌍 Total crypto market cap ↘️
The global crypto market cap is approximately $3.87 trillion, down 0.33% over the past 24 hours.
🟠 Bitcoin (BTC) ↘️
Price: $115,063 down 0.15% in the last 24 h.
Daily high: $116,996
Daily low: $114,733
📈 S&P 500 ↘️
SPY is currently down about 0.001% since yesterday’s close.
📈 Nasdaq 100 ↗️
The Nasdaq 100 is up about 0.001% overnight.
😐 Fear & Greed Index
The Crypto Fear & Greed Index stands at 53/100, in Neutral.
📊 Bitcoin Relative Strength Index (RSI) (14)
The 14-day RSI for BTC is approximately 38, approaching oversold territory.
Data is correct as at 19 August, 08:20 GMT.
Cautionary Notes
It's definitely tempting to get swept up in the excitement, but please heed these words of caution: Do your own research, only invest what you can afford, and make good decisions. The indicators contained in this article will hopefully help in this. Remember though, the content of this article is for information purposes only and is not investment advice or any form of recommendation or invitation. The Digital Commonwealth always advises you to obtain your own independent financial advice before investing or trading in cryptocurrency.
