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Traders are bracing themselves for more pain in September but are looking to October and November with renewed optimism.
The latter part of the month saw a reversal in fortunes, with net outflows surpassing inflows.
Traders could be waiting for Bitcoin to bounce off the $55,724 support opening positions in LTC, FET, MNT and AAVE.
BlackRock's Ether ETF will start trading on Brazil's B3 exchange, Wednesday.
Share link:In this post: DOGE and SHIB are down 65% on average from their peak in the past year. PEPE is down 58% from its peak, while WIF dropped 71%. The meme coin market cap fell over 5% in 24 hours.
Share link:In this post: Both sectors are projected to surge to 1,050 TWh in energy consumption by 2026. This quantity of energy is enough to power an entire country. Crypto mining utilizes green energy while AI is mostly fossil fuels.
DOGS airdrop drove TON blockchain transactions to 46 million.
- 22:33Bitcoin Market Share Drops 2.5% in Two Days, Currently at 63.46%According to TradingView data, Bitcoin's market dominance (BTC.D) has decreased by 2.5% over the past two days, currently reported at 63.46%. The observed high two days ago was 65.48%. A high Bitcoin market dominance indicates a quiet altcoin market, but it also suggests an impending market rebound. According to previous historical data, when Bitcoin's market dominance surged to 60% last November, altcoins began a mini bull market. In 2019 and 2021, Bitcoin's market dominance reached a high of 70%, followed by a broad market rally.
- 22:31A whale that shorted ETH, SOL, and BTC with $17 million at 3x leverage is currently down over $1.2 millionA whale deposited $17 million USDC into Hyperliquid to short ETH, SOL, and BTC with 3x leverage — currently losing over $1.2 million.
- 22:07Galaxy Digital has received approval from the U.S. Securities and Exchange Commission to relocate the company to DelawareGalaxy Digital has received approval from the U.S. Securities and Exchange Commission to relocate the company to Delaware, marking a crucial step in its plan to list on the Nasdaq Stock Exchange. The cryptocurrency investment firm plans to list on Nasdaq in mid-May under the ticker symbol GLXY, pending approval from a special shareholders' meeting on May 9 and final approval from the currently listed Toronto Stock Exchange.