Analyst Maps Next Levels For Bitcoin (BTC), Solana (SOL) , Optimism(OP) & Synthetix (SNX)

The broader crypto market is performing much better than it was in the last few months. Yet, a closely followed crypto strategist and analyst have a bearish approach towards the whole crypto market.

Timeline of Bitcoin, Optimism-ethereum, Synthetix-network-token, Solana

Charles Edwards, the founder of the Capriole Fund, revealed that Bitcoin will decouple from stocks and will likely outperform them. However, arcane research recently reported that Bitcoin is still firmly following the stock market.

Pandemonium spread within the crypto community from the early hours of August 3 till the close of the day, due to the multimillion dollar hack that drained over $6 million from most Solana users' wallets. Solana was understandably blamed for the exploit, despite limited information on the nature of the mechanism employed.

Solana (SOL/USD) is enormously underrated as a cryptocurrency project, even with its hiccups – including the latest exploit on one of the ecosystem apps. That's what crypto billionaire Sam Bankman-Fried sums of the Layer1 blockchain platform in comments shared with Fortune in an interview.

The world's first cryptocurrency, Bitcoin had kicked off August month on a bullish note as the currency had reclaimed its $23,000 price level. However, today, the currency has once again lost its $23k price area and is hovering around the $22,000 mark. At the time of writing, Bitcoin is pulled down by 0.

A postmortem into the recent security exploits on the Solana ecosystem has highlighted Slope as the genesis of the breach, amplifying the calls for a transition to hardware wallets. The post Slope Wallet Blamed for Solana Mayhem – Here's How to Protect Yourself appeared first on BeInCrypto.

In an official statement, Slope confirmed that a "cohort" of wallets were compromised in the breach — and while it has some early theories concerning what happened, nothing's firm yet.

Solana price analysis reveals SOL prices are still holding above $38.88 amid the bearish winds. Solana movement over the last 24 hours shows the prices opened the daily trading session at lows of $38.30 and then proceeded to consolidate around $38.88 with a slight decrease of 0.96 percent.

The pseudonymous crypto analyst Altcoin Sherpa remains largely bearish about the market despite the general price uptick last week. The trader tells his 180,700 Twitter followers that $22,000 is a “must hold” level for Bitcoin (BTC).

Bloomberg Intelligence's latest crypto outlook report said Bitcoin (BTC) might begin to perform more like the United States Treasury bonds rather than stock equities as it slowly recovers from the recent market crash. The post Bitcoin to perform more like US Treasury bonds as it recovers from crash – Bloomberg Intelligence says appeared first on CryptoSlate.

Paying attention to the macro environment won't hurt BTC investors, because it is now beyond dispute that the macro environment has a significant impact on the price of Bitcoin. Early in the year, the stock market correlation reached a new high; the cryptocurrency market has not yet begun to separate from it.