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The new week started with the strengthening of the Asian stock market. Investment in the technology sector is growing in almost all regions.
Risky assets became attractive at the end of last week after the US authorities announced the stabilization of the situation in the financial sector. The Japanese Nikkei 225 index rose on the morning of August 8 by 0.26% to 28,249 points. Korean KOSPI and Chinese SZSE Component gained 0.3%.
Cryptocurrencies are also adding value. Bitcoin (BTC) and Ethereum (ETH) rebounded to 23,782 and 1732, respectively. Altcoins are growing at a minimal pace. XRP, Solana (SOL) and Polkadot (DOT) rose to $0.3775, $42.62 and $9.02. The capitalization of the crypto market has reached $1.12 trillion.
According to OANDA analyst Edward Moya, bitcoin has chances for a more significant rebound. To do this, the digital currency must stay above $23,000. Moreover, the strategist has no doubt that BTC will break above $25,000 today or tomorrow.
Ethereum is strengthening ahead of the September network upgrade and transition to a new PoS consensus. Observers do not exclude that this week the altcoin may reach $2,000 or even exceed this mark.
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