Price analysis 8/5: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, AVAX By Cointelegraph

Price analysis 8/5: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, AVAX

Cryptocurrency Aug 06, 2022 02:20PM ET

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Price analysis 8/5: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, AVAX

The United States Labor market added 528,000 jobs in July, much better than the 258,000 estimate. Wages saw growth of 5.2% year-over-year and 0.5% over the month. This suggests that inflation remains high and the U.S. Federal Reserve may continue with its rate hikes in the near future.

After staying in close correlation with the U.S. equities markets for the past several months, the crypto space could be ready to chalk out a new course.

Daily cryptocurrency market performance. Source: Coin360

BTC/USDT daily chart. Source: TradingView

ETH/USDT daily chart. Source: TradingView

BNB/USDT daily chart. Source: TradingView

XRP/USDT daily chart. Source: TradingView

ADA/USDT daily chart. Source: TradingView

SOL/USDT daily chart. Source: TradingView

DOGE/USDT daily chart. Source: TradingView

DOT/USDT daily chart. Source: TradingView

MATIC/USDT daily chart. Source: TradingView

AVAX/USDT daily chart. Source: TradingView

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US 30	34,018.7	-133.3	-0.39%
US 500	4,278.8	-26.4	-0.61%
Dow Jones	33,980.32	-171.69	-0.50%
S&P 500	4,274.04	-31.16	-0.72%
Nasdaq	12,938.12	-164.43	-1.25%
S&P 500 VIX	19.90	+0.21	+1.07%
Dollar Index	106.540	+0.152	+0.14%

Crude Oil WTI	87.29	+0.76	+0.88%
Brent Oil	92.96	+0.02	+0.02%
Natural Gas	9.182	-0.147	-1.58%
Gold	1,776.30	-13.40	-0.75%
Silver	19.735	-0.350	-1.74%
Copper	3.5877	-0.0368	-1.02%
US Soybeans	1,390.00	+9.00	+0.65%

SPDR S&P 500	426.65	-3.05	-0.71%
iShares Russell 2000	197.61	-3.38	-1.68%
Invesco QQQ Trust	328.49	-3.79	-1.14%
Direxion Daily Junior Gold Miners Bull 2X Shares	32.73	-3.16	-8.80%
iShares Silver	18.25	-0.32	-1.72%
ProShares Ultra VIX Short-Term Futures	8.94	-0.04	-0.45%
ProShares UltraPro QQQ	37.30	-1.34	-3.47%

Apple	174.55	+1.52	+0.88%
Alphabet A	119.55	-2.15	-1.77%
Tesla	911.99	-7.70	-0.84%
Amazon.com	142.10	-2.68	-1.85%
Netflix	241.15	-4.54	-1.85%
Meta Platforms	174.85	-4.62	-2.57%
Bank of America	36.41	-0.23	-0.63%

Price analysis 8/5: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, AVAX

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