Top Crypto Performers Today August 16 – Tether Gold, Tron, Bittensor
Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...
As crypto markets trade in subdued fashion amid a lack of notable catalysts, traders are scouring altcoin markets for top crypto performers today that might be able to generate quick gains.
Bitcoin (BTC) was down nearly 3% in the past 24 hours, per CoinMarketCap.
Ethereum (ETH), meanwhile, was down closer to 4% under $2,600.
Other major altcoins like BNB (BNB), Solana (SOL), XRP (XRP) and Toncoin (TON) were all down 2-6%.
Traders have been watching a trickling of US economic data coming out this week, and whether it supports the Fed rate cut narrative.
US CPI data out earlier in the week showed easing price pressures, giving the Fed the green light to cut rates next month.
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