After a bullish month of July, Bitcoin fell into the $21.000 area this week in August after it failed to break $25.000. The digital currency has seen a lot of volatility as it tries to find a new bottom, but it remains to be seen whether or not it will hold at these levels. The same happened to Ethereum which fell from the $2.000 resistance level to $1.600.
Source: TradingView, Past performance is not indicative of future results.
One week ago, the Federal Reserve Board and the Federal Open Market Committee (FOMC) released the minutes of their Committee meeting. It showed that while the committee remains cautious about the economy, there is a growing sense that conditions may be stabilizing.
There has been a lot of speculation and anticipation in the crypto world in regards to the upcoming Ethereum merge, scheduled for the 15th of September, 2022. This event is expected to have a significant impact on the market. While the exact details of the merge are still being finalized, it is clear that this will be a major event for the crypto community and one worth watching closely.
How did the BCUBE bots perform?
GuruBot is the current top performer of the week on the b-cube.ai marketplace. It had 8 trades last week. Out of them 7 in profit and only 1 in a loss. This brings the bot’s win percentage up to 87.5%, which is a very respectable number. It is always important to remember that in any form of trading, there will always be winners and losers; however, if the majority of your trades are winners, then you are doing something right.
With these, GuruBot’s 7 days performance is at +27.52%.
Trading cryptocurrencies involves risk. The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the article’s content as such. Author, website or the company associated with them does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions. Lastly, this article is not targeted at French citizens or residents.