August 2024 recap - Another correction

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·@erikklok·
0.000 HBD
August 2024 recap - Another correction
Again a month has passed. Let me show you how my portfolio did.

https://img.inleo.io/DQmRG8Xu3CTDHKhh5cq8WDo4AU2TYDPXbKStTS59vxa2gJi/image.png 

# 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.
 https://img.inleo.io/DQmQ8L5tnpbh5LoxNypTzifgUFYe9b4DnA7jH6UT72GSPPo/image.png 

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](https://inleo.io/@erikklok/august-2024-recap-another-correction-9kz)
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