August 2024 recap - Another correction

in #inleo18 days ago

Again a month has passed. Let me show you how my portfolio did.

Market update

The summer ended like it started in June, with a correction on the markets. The total market cap of cryptocurrencies went down from 2.31 tn to 2.04 tn. Bitcoin dominance went up from 55.0% to 56.2%.

Looking at the prices of the individual currencies, Bitcoin went down from $64,200 to $58,000 this month. The price of Ethereum also went down from $3,170 to $2,470.

Current Portfolio

Again I didn't invest more money in Bitcoin and Ethereum. Because of that, my overall portfolio value is now about €5,000 lower than one month ago. My portfolio shifted towards BTC. My personal BTC "dominance" is up from 51.1% to 55.6%.

In total I have invested €2,600 in Ethereum and Bitcoin, so I'm still at a €19,100 overall profit.

I managed to steadily increase my Hive Power holdings from 11,129 to 11,394 HP. The highest amount ever!

Will we see the market go up again in September? Or will we see more downward or even bearish movement? We'll find out in the coming recaps.

Posted Using InLeo Alpha

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