Tag: leads

  • Markets brace for September’s endgame as Bitcoin leads post-Fed crypto Rally

    Markets brace for September’s endgame as Bitcoin leads post-Fed crypto Rally

    Bitcoin reclaims $117K as the Fed’s long-awaited rate cut revives trader optimism and risk appetite.

    • Bitcoin reclaims $117K as the Fed’s long-awaited rate cut revives trader optimism and risk appetite.
    • Ethereum, Solana, XRP, and Dogecoin post strong price action, fueling hopes of further breakouts.
    • September’s $4.5B token unlocks cast volatility across altcoins, shifting capital flows in the sector.

    The crypto market put on an energetic display this Friday, shaking off recent bouts of uncertainty with a strong overnight rally powered by fresh optimism.

    Major tokens, led by Bitcoin surged after the US Federal Reserve delivered a long-awaited rate cut, sparking renewed risk appetite among traders.

    The mood was lively as Bitcoin reclaimed key levels and Ethereum, Solana, XRP, and Dogecoin each posted dynamic price swings.

    This rebound arrives amid swirling sentiment, as traders balance bullish momentum against lingering macroeconomic headwinds.

    Blue-chip movers: BTC, ETH, SOL, XRP, DOGE

    At the top of the board, Bitcoin (BTC) hovered above $117,000 in Friday trading, enjoying a lift after the Fed’s quarter-point rate cut put risk assets back in focus.

    Bitcoin’s performance set the tone, showing about a 1% daily gain and signaling renewed comfort for bulls who had watched levels slip to near $115,000 earlier in the week.

    Ethereum followed suit, trading at roughly $4,600 and holding above psychological support as technical analysts flagged signs of short-term resistance, but mostly positive undercurrents.

    Solana (SOL) charged ahead to around $247, buoyed by talk of a potential breakout if its historic $250 resistance falls as traders are watching that level closely for momentum.

    Meanwhile, XRP remained pressed just above $3.10; analysts noted a robust daily RSI and possible breakout if it clears this threshold, eyeing targets above $3.20 if upside volume persists.

    Dogecoin (DOGE) slipped slightly, last seen around $0.28 after an initial morning pop; the meme coin is consolidating with active speculation about another upswing if key technical support holds.

    Altogether, the major cryptos painted an optimistic but cautious technical picture as the day unfolded.

    Markets brace for September’s endgame

    Beyond the price action, several big stories have traders sitting up straight.

    The Fed’s long-discussed interest rate cut was far and away the top catalyst, delivering a tailwind to the entire risk-asset space and providing a confidence boost at a time when global markets are searching for stability.

    Industry insiders also watched closely as September’s scheduled token unlocks, totalling over $4.5B began to cast their shadow mid-month, stoking some sector-specific volatility and shifting flows among altcoins.

    Regulatory winds were swirling as the SEC and CFTC neared new clarity on digital assets, sparking hope among institutions for more definitive rules of the road, adding another undercurrent of optimism for long-term industry maturation.

    This blend of macro and sector developments means the stage is set for potentially explosive moves as Q4 approaches.

    The upshot for traders and industry-watchers is clear: September’s endgame is shaping up as a moment of high drama.

    With macro drivers, critical token dynamics, and regulatory headlines all hitting at once, the coming days could offer firm direction, whether that brings further upside or a new round of volatility remains the question hanging in the air.

    Source link

  • Eigen price spikes 33% as EigenLayer leads fresh altcoin rally

    Eigen price spikes 33% as EigenLayer leads fresh altcoin rally

    Eigen Price Jumps To Lead Altcoins

    • EigenLayer price hovered around $2.03, up by 33% after breaking to highs of $2.09.
    • The US Securities and Exchange Commission’s move to approve a rules-based listing standard buoyed altcoins.
    • EIGEN price also gained as the Fed cut interest rates,

    EigenLayer (EIGEN) is surging. Its price hovers near $2.03, currently up by 33% in 24 hours as a broader rally boosts altcoins.

    The cryptocurrency market is witnessing a notable resurgence amid the Federal Reserve’s monetary policy decision and a key regulatory win for altcoins.

    EigenLayer price jumps 33% to retest key level

    As most altcoins posted minor gains in early trading on Thursday, EigenLayer’s EIGEN token experienced a dramatic 33% price increase.

    The EIGEN token climbed from lows of $1.50 to hit highs of $2.09, with the sharp uptick marking a significant continuation following a breakout of a descending triangle pattern.

    Some catalysts of the uptick include partnerships and integrations, regulatory developments and macroeconomic indicators.

    For instance, on September 17, 2025, the US Securities and Exchange Commission approved generic listing standards for commodity-based trust shares.

    It means the regulator is adopting a rules-based approach that will streamline the approval process for exchange-traded products on platforms like the NYSE, Nasdaq, and Cboe Global Markets.

    EIGEN gained ground as the Federal Reserve’s rate cut supported broader risk sentiment, while optimism has also been fueled by EigenLayer’s recent partnership with Google.

    In the past 24 hours, trading in the protocol’s native token surged, with volumes topping \$427 million — a 260% jump alongside a sharp pickup in activity.

    Crypto rally: EIGEN leads altcoin surge

    EIGEN’s impressive performance is not occurring in isolation; it is leading a fresh wave of enthusiasm across altcoins, particularly those within the Ethereum ecosystem.

    Tokens associated with layer-2 solutions, DeFi protocols, and restaking mechanisms have seen gains ranging from 10% to 25% in the past 24 hours.

    Ethereum-linked projects are regaining prominence after months of Bitcoin-led momentum, with EigenLayer at the forefront through a string of new partnerships.

    The protocol has recently expanded ties with Moonbeam and Aethir, while also joining forces with Google.

    As part of that collaboration, EigenCloud is serving as a launch partner for Google Cloud’s new Agent Payments Protocol (AP2), underscoring the project’s growing role in Ethereum’s broader ecosystem.

    “AP2 helps create a global verifiable economy where agents can coordinate, transact, and prove their actions to humans and to each other. EigenCloud makes sure they are held accountable by any counterparty,” said EigenLayer founder Sreeram Kannan.

    Other altcoins to rally amid the latest surge include EtherFi and Lido DAO, both boasting double-digit gains in the past 24 hours.

    Polkadot, Bitcoin Cash, Sui and NEAR Protocol are some of the altcoins to outpace the broader market and peers as altcoins signal new momentum.



    Source link

  • Bitcoin leads rally amid Fed rate cut hopes, major ETFs boost crypto outlook

    Bitcoin leads rally amid Fed rate cut hopes, major ETFs boost crypto outlook

    Crypto Wrap: Bitcoin rallies over 4%, fueled by hopes of a Fed rate cut.

    • Bitcoin rallies over 4%, fueled by hopes of a Fed rate cut.
    • Solana, Dogecoin, and XRP gain momentum on upgrades and ETF excitement.
    • Token unlocks and Fed easing are set to reshape crypto markets this quarter.

    Crypto markets woke up on Wednesday with a spring in their step, charging higher as investors braced for a major central bank event.

    Bitcoin set the pace, rallying over 4% to clear the $116,000 mark, fueled in large part by growing bets that the US Federal Reserve is finally ready to deliver an interest rate cut on Wednesday.

    As rate-cut speculation took center stage, Bitcoin’s market cap soared to well over $2 trillion, cementing the number-one crypto’s dominance after weeks of volatile swings.

    Markets eye Fed-driven breakout

    Ethereum, the world’s top smart-contract platform, held strong above the $4,500 threshold. Investors have been piling into ETH on prospects for a supply squeeze, as well as ongoing accumulation by institutional players positioning ahead of the Fed’s meeting.

    Traders argued that a successful breakout above the stubborn $4,800 technical resistance could spark a new phase of risk-on flows across crypto, especially if macro conditions cooperate in the coming weeks.

    Solana added even more energy to the rally, gliding near $240, as a string of protocol upgrades and surging developer momentum fueled optimism about the network’s long-term prospects.

    Major exchanges reported large spot inflows, and Solana’s rapid-fire transaction speeds kept it in the conversation as a serious contender among the leading altcoins.

    Meme-friendly Dogecoin, ever the wild card, hovered around $0.27, down slightly on the day, but still up more than 100% from a year ago.

    Increased social activity and new integrations have helped Dogecoin keep its playful reputation, as trade volumes remain lively whenever the broader market shifts.

    Meanwhile, XRP is holding just under $3, stuck in a tight range as markets anxiously anticipate the launch of the first US spot XRP ETF on September 18.

    Speculation around the ETF’s potential inflows and its possible effect on price has helped XRP stay in focus despite the broader sector’s roller-coaster action.

    Technical watchers say a rally through $3.18 could unleash a new round of bullish momentum for Ripple’s token.

    Crypto industry poised for Q4 shakeup

    It isn’t just price charts and volatility levels dictating sentiment this week: all eyes remain locked on Washington as the US Federal Reserve kicks off its most consequential policy meeting in recent memory.

    With inflation trending lower and unemployment ticking up, markets broadly expect Fed Chair Jerome Powell to announce a 25 basis point rate cut, the first since 2020.

    For crypto, where high-growth bets are directly tied to easier money, the Fed’s pivot could drive a decisive shift in market psychology.

    “Fed easing typically gives permission for the crypto rally to keep going,” said one strategist.

    Many in the industry expect fresh liquidity to spark increased inflows, particularly into blue-chip tokens like Bitcoin and Ethereum, and may even encourage more institutional adoption as risk appetite returns.

    Away from the Fed drama, September is seeing a tidal wave of token unlocks, as over $4.5 billion in coins come into circulation across high-profile projects like Sui, Aptos, Ethena, and Arbitrum.

    While some worry about the impact of new supply, others view it as a crucial stress test for market depth and investor demand.

    Finally, excitement around the pending debut of the first US-based spot XRP ETF may mark a turning point for altcoins.

    If the ETF attracts robust inflows, along the lines of Bitcoin and Ethereum ETFs launched earlier this year, it could shift the narrative and trigger sustained price rallies in the sector.

    Source link

  • LAUNCHCOIN price pump leads to $4m loss for crypto trading firm

    LAUNCHCOIN price pump leads to $4m loss for crypto trading firm

    • Launch Coin on Believe price rose suddenly, jumping 60% to highs of $0.118.
    • Gains saw a surge in liquidations, with crypto trading firm.

    Launch Coin on Believe (LAUNCHCOIN) price surged nearly 60% in early trading on Tuesday, with the altcoin’s sudden pump leading to significant losses for shorts.

    The token’s rapid price increase also triggered a cascade of liquidations, with on-chain data showing a liquidity provider suffered losses of over $4 million.

    Launch Coin on Believe price sees sudden 60% pump

    Cryptocurrencies like Worldcoin and MYX Finance are riding bullish news to top gainers charts over the past 24 hours. Meanwhile, small cap token LAUNCHCOIN is also attracting social chatter.

    As noted, the Launch Coin on Believe price experienced a sharp price surge amid a nearly 60%  spike. Trading around $0.076 in early deals during the Asian session, LAUNCHCOIN suddenly pumped to $0.132.

    LAUNCHCOIN chart by TradingView

    This sudden jump accounted for a 60% rise that hit many traders betting on a continued consolidation or downturn.

    With intense buying pressure, driven by speculative trading and potential market manipulation, LAUNCHCOIN saw its daily trading volume skyrocket.

    According to CoinGecko, the rapid ascent pushed volume on centralized crypto exchanges such as LBank and Bitget 540% up, and stood around $255 million in 24 hours.

    The more than fourfold increase in volume from the day before attests to the sharp uptick in market activity.

    $4 million loss amid cascade of liquidations

    While buyers celebrated the meteoric price surge, LAUNCHCOIN’s gains saw a notable market player suffer significant losses.

    According to analytics account Lookonchain, a wallet linked to the market maker GSR suffered one of the biggest losses as the token’s price rose.

    The wallet, shown to have been hedging a short position on LAUNCHCOIN, was fully liquidated. It meant a loss equivalent to $4 million as GRS Market’s other positions saw a cascade of liquidations on decentralized exchange Hyperliquid.

    As liquidation on LAUNCHCOIN’s gains hit the leveraged positions betting against a price increase, other positions too were wiped out. Lookonchain notes GRS Market’s other short positions caught in the carnage included Mantle, Popcat, Chainlink and Lido DAO.

    “The liquidation of #GSRMarkets’ short position triggered a domino effect, wiping out their other shorts on $MNT, $POPCAT, $LINK, and $LDO, and zeroing out the account,” Lookonchain posted.

    LAUNCHCOIN’s price currently hovers around $0.091, slightly off its intraday high. The $0.08 level, above which bulls took charge for the spike, is likely to be critical if price falls further.

    As LAUNCHCOIN looks for a decisive move, analysts say the event highlights how the cryptocurrency trading market can offer opportunity but also be a brutal arena with fortunes shifting in an instant.

    Source link

  • Bitcoin ETFs outperform Ether ETFs as BlackRock’s IBIT leads peers

    Bitcoin ETFs outperform Ether ETFs as BlackRock’s IBIT leads peers

    Bitcoin ETF flows outperform Ether ETFs as BlackRock's IBIT leads peers
    • Bitcoin ETFs have attracted $5B net inflows while Ether ETFs have seen $500M net outflows.
    • BlackRock’s IBIT leads with over $224M in a single day, currently holding over 350,000 BTC.
    • Ether ETFs are struggling due to liquidity issues and Grayscale’s $2.5B outflows.

    Recent trends in the cryptocurrency exchange-traded funds (ETF) market have highlighted a significant divergence in the performance of Bitcoin and Ether ETFs.

    Comparing Bitcoin ETF Flow data to Ethereum ETF Flow data on Farside Investors, Ether spot ETFs have underwhelmed compared to their Bitcoin counterparts. Since their launch, Ether ETFs have experienced net outflows of approximately $500 million, a stark contrast to the $5 billion net inflows recorded by BTC ETFs during a similar period following their debut.

    Several factors contribute to this disparity. To start with, Bitcoin’s “first mover advantage,” higher liquidity, and lack of staking opportunities in Ether ETFs have made Bitcoin more appealing to institutional investors.

    Additionally, unexpected outflows from Grayscale’s Ethereum Trust (ETHE), amounting to $2.5 billion, far exceeding the bank’s initial $1 billion estimate, have further dampened Ether ETF performance. To counter these outflows, Grayscale introduced a mini-Ether ETF, but it has only managed to attract $200 million in inflows.

    In contrast, BTC ETFs have shown resilience and robust performance with US-based BTC ETFs recording an impressive eight-day winning streak, with net inflows totalling $202 million led by BlackRock’s iShares Bitcoin Trust (IBIT).

    On August 26 alone, IBIT attracted over $224 million in net inflows bringing its total Bitcoin holdings to over 350,000 BTC, solidifying its dominance in the market.

    Bitcoin ETF flows outperform Ether ETFs as BlackRock's IBIT leads peers
    US Bitcoin ETF AUM, August January 18 – August 30, 2024|Source: Bitcoin ETF Fund Flows

    Competing funds such as those managed by Franklin Templeton and WisdomTree also saw positive inflows, while others, including Fidelity, Bitwise, and VanEck, reported negative flows. Notably, Grayscale’s Bitcoin Trust (GBTC) saw a decline in redemptions over the past two weeks, indicating stabilization in the market.

    As investor confidence in Bitcoin ETFs grows, asset managers are increasingly exploring combined ETFs that offer exposure to both Bitcoin and Ethereum, reflecting the evolving dynamics of the cryptocurrency investment landscape.

    Source link