The cryptocurrency market is giving mixed signals at the start of the week, as Bitcoin (BTC) trades in positive 0 contrast, Ethereum (ETH) and several other altcoins trade in the 1 held its position above $115,000 over the weekend, remaining above a key level as it enters a crucial week, with markets expecting a rate cut from the Federal 2 flagship cryptocurrency briefly fell to a low of $114,914 but rebounded to reclaim $116,000 and move to its current level of $116,539, up nearly 1% over the past 24 hours. Meanwhile, ETH is marginally down over the past 24 hours but trades above $4,600. The altcoin briefly dipped to a low of $4,588 before moving to its current level of $4,641.
Ripple (XRP) is down nearly 2%, trading around $3.03, while Solana (SOL) is down 2.18%, trading around $241. Dogecoin (DOGE) is down nearly 5%, while Cardano (ADA) is down over 3%, trading around $0.889. Chainlink (LINK) , Stellar (XLM) , Hedera (HBAR) , Litecoin (LTC) , Toncoin (TON) , and Polkadot (DOT) also registered notable 3 Joins Global Efforts To Tackle Crypto Crime The United Arab Emirates (UAE) has joined global efforts to address cryptocurrency-related crimes, collaborating with law enforcement at an event organized by the Secure Communities Forum, in partnership with 4 event brought together several experts from law enforcement agencies and security services, allowing them to share metaphors to tackle crypto fraud and money 5 included representatives from the United Nations Office on Drugs and Crime, Interpol, the US Internal Revenue Service (IRS), the Royal Malaysian Police, and leading technology companies from around the 6 involved discussions and practical training on investigating dark web activities, connecting law enforcement agencies with cryptocurrency exchanges and analytics 7 UAE’s participation comes as it accelerates crypto adoption in multiple 8 country’s central bank has also outlined plans to launch the Digital Dirham between October and December 9 released comprehensive documentation in 10 Digital Dirham will be available in wholesale and retail formats, and will have legal tender status.
On-Chain Collateral Could Help Get Better Loan Terms Fabian Dori, the Chief Investment Officer at Sygnum, believes banks offering crypto-backed loans prefer crypto collateral in the form of on-chain assets instead of exchange-traded funds (ETFs). According to Dori, on-chain assets are more liquid, allowing lenders to execute margin calls for crypto-backed loans on demand while offering higher loan-to-value (LTV) ratios to borrowers because the lender can liquidate collateral in real 11 stated, “It's actually preferable to have the direct tokens as collateral, because then you can do it 24/7. If you need to execute a margin call on an ETF on Friday at midnight, when the market is closed, then it's more difficult.
So, direct token holding is actually preferable from that point of view.” A higher LTV allows the borrower to access more credit in relation to their posted crypto capital. Meanwhile, lower LTV means they will get a smaller loan for the same amount of 12 Hacker-Linked Wallet Buys $18.9M In ETH A crypto wallet linked to a Coinbase hacker has purchased 3,976 ETH worth over $18 13 to Arkham Intelligence, the purchase was completed on Saturday using 18.911 million 14 hacker consolidated DAI before executing multiple buys over the 15 wallet in question has been under surveillance by blockchain analysts and platforms since early this year, after being tied to a $300 million social engineering scam targeting Coinbase 16 to on-chain investigator ZachXBT, the scam defrauded Coinbase users out of $330 17 stated at the time, “Our number is likely much lower than the actual amount stolen, as our data was limited to my DMs and thefts we discovered on-chain.” The latest accumulation comes after a series of similar 18 month, the wallet acquired $8 million in SOL across several 19 that, it purchased 4,863 ETH worth $12.55 million and 649 ETH worth $2.3 20 Bitcoin ETFs Register Strong Inflows Spot Bitcoin ETFs are witnessing renewed inflows as institutional interest and appetite 21 US-listed ETFs registered $642 million in inflows on Friday, the fifth straight day of 22 pushed cumulative net inflows to nearly $57 billion, with total net assets at $153 billion.
Fidelity’s FBTC led the inflows on Friday with over $315 million in net inflows, followed by BlackRock’s IBIT with $264 23 volumes across Bitcoin ETFs topped $3.89 billion, indicating significant institutional 24 jump in inflows comes amid a quiet start to the month, indicating a shift in investor sentiment as macroeconomic conditions 25 ETFs have registered $2.34 billion in net inflows over the past five 26 (BTC) Price Analysis Bitcoin (BTC) has started the week in positive territory after registering a notable decline over the 27 flagship cryptocurrency crossed $116,000 on Friday but fell back into the red on Saturday, registering a marginal decline and settling at $115,968.
Sellers retained control on Sunday, as the price fell 0.56% and settled at $115,314. The current session sees BTC marginally up, trading around $115,718. BTC is hovering above its weekly close as it heads into a key macro week for crypto and other risk 28 to data from TradingView, BTC dropped towards $115,000 over the weekend, falling to a low of $115,177. The flagship cryptocurrency avoided volatility on Friday and over the weekend, with popular trader Skew stating on X, “Pretty clear price is being walked down here yet again, going into a new 29 are being used as liquidity thus far ~ likely for fills.
However, some pretty decent bid depth & liquidity just below $115K Time to pay attention.” Market participants were also muted about BTC’s short-term prospects, with popular analyst Rekt Capital stating, “The goal isn't for Bitcoin to break $117k in the 30 goal is for Bitcoin to reclaim $114k as support 31 that's what would enable the premium-buying necessary to get a price above $117k later on.” Meanwhile, markets are confident about a rate 32 experts expect the Fed to cut interest rates by at least 0.25%, with recent market data reinforcing their 33 firm Mosaic Asset Company was optimistic about a rate cut and the outlook for risk assets in Q4 and beyond in its latest market 34 update stated, “The combination of improving leading indicators, ongoing loose financial conditions, and strong market breadth that includes participation by cyclical industries favors an ongoing economic expansion in my 35 supports the earnings outlook, which is ultimately good for stock 36 the same time, the Fed is set to resume rate 37 could make for an excellent trading environment into next year.” Spot Bitcoin ETFs have also registered substantial inflows over the past few sessions as investor interest 38 Bitcoin ETFs are witnessing renewed inflows as institutional interest and appetite 39 US-listed ETFs registered $642 million in inflows on Friday, making it the fifth straight day of 40 pushed cumulative net inflows to nearly $57 billion, with total net assets at $153 41 faced volatility over the past weekend as it reached an intraday high of $113,390 on Friday (September 5).
However, it failed to stay at this level and settled at $110,670, ultimately registering a marginal 42 retained control on Saturday as the price fell 0.41%. BTC recovered on Sunday, rising nearly 1% to end the weekend at $111,129. The price continued pushing higher on Monday, rising 0.85% to cross $112,000 and settle at $112,072. However, it lost momentum on Tuesday, dropping 0.47% to $111,547.
Positive sentiment returned on Wednesday as BTC rallied, rising over 2% to cross $113,000 and settle at $113,983.) Price Analysis Ethereum (ETH) is struggling to regain momentum after selling pressure returned over the 43 altcoin rallied on Friday, rising nearly 6% and settling at $4,715. However, selling pressure returned over the weekend as the price fell 1.01% on Saturday and 1.25% on Sunday to settle at $4,609. The current session sees the price down nearly 2%, trading around $4,536. While price action turned sluggish over the weekend, Ethereum ETFs registered substantial inflows for the week ending 44 ETFs pulled in $405 million in daily net inflows, marking the fourth consecutive day of 45 ETFs have now reached $13.36 billion, with net assets sitting at over $30 billion.
BlackRock’s ETHA registered $165 million in inflows on Friday, while Fidelity’s FETH registered $168 million in 46 registered $1.86 billion in trading value on the day, indicating growing interest in Ethereum-based 47 Liu, Chief Investment Officer of Kronos Research, stated, “Bitcoin and Ethereum spot ETFs keep seeing strong inflows, showing rising institutional 48 macro conditions hold, this surge could strengthen liquidity and drive momentum for both assets.” According to analysts at CryptoQuant, ETH could be heading for its strongest cycle 49 analysts credited growing institutional demand, the rise of Ethereum treasury companies, and ETFs as primary drivers.
“This synchronized accumulation indicates that Ethereum is increasingly viewed as a long-term strategic asset by large capital allocators, similar to Bitcoin’s trajectory post-ETF 50 level of institutional endorsement provides a robust long-term tailwind for Ethereum's price and perceived legitimacy.” ETH reached an intraday high of $4,493 on Friday (September 5). However, it could not stay at this level and settled at $4,307, ultimately registering a marginal 51 price registered a marginal drop on Saturday before rising 0.74% on Sunday and settling at $4,306. ETH was muted on Monday and Tuesday as price action remained subdued. However, positive sentiment returned on Wednesday as the price reached an intraday high of $4,487 before settling at $4,348, ultimately registering an increase of 0.89%.) Price Analysis Solana’s (SOL) incredible rally lost steam over the weekend after reaching an intraday high of $249 on 52 altcoin rallied on Friday, rising nearly 6% and settling at $242.
The price registered a marginal increase on Saturday before reaching $249 on Sunday. However, it could not stay at this level and dropped nearly 1% to $240. The price is down 2% during the current session, trading around $235. SOL’s push to $250 prompted several analysts to predict a push higher and a test of the $300 price level.
However, the asset has pulled back, with sellers in control. Meanwhile, Galaxy Digital purchased $306 million worth of SOL in a single day after announcing a partnership with Multicoin Capital and Jump Crypto to create a crypto treasury 53 firm purchased 1.2 million SOL on Sunday, before sending them to crypto custody firm 54 latest purchase takes the value of Galaxy Digital’s Solana purchases past $1.5 55 started the previous weekend in positive territory, rising 0.48% and settling at $203 on 56 altcoin fell 1.55% on Saturday but recovered on Sunday, rising over 3% to end the weekend at $206. Buyers retained control on Monday as the price rose 3.69% to $214.
SOL continued pushing higher on Tuesday, rising 1.48% and settling at $217. Positive sentiment persisted on Wednesday as the price rose over 3% to cross $220 and settle at $223.) Price Analysis Dogecoin (DOGE) declined substantially during the ongoing session, down over 4%. The popular memecoin rallied to an intraday high of $0.307 on Saturday before settling at $0.288. However, selling pressure returned on Sunday as the price fell 3.67% to $0.278.
DOGE was quite bullish the previous week as it broke out of a multimonth symmetrical 57 memecoin rallied over 40% the past week, outperforming the broader market, which registered an 8% 58 to analysts, the weekly price chart indicates a 95% price jump as it broke out of a symmetrical 59 volumes during the breakout tripled, indicating strong upside 60 registered a marginal drop on Saturday (September 6), dropping 0.37%. However, it rebounded on Sunday, rising nearly 6% to $0.229. The price continued pushing higher on Monday, rising over 5% and settling at $0.241. Despite the positive sentiment, DOGE lost momentum on Tuesday, registering a marginal decline after facing volatility and selling 61 price recovered on Wednesday, rising over 2% and settling at $0.246.) Price Analysis Hedera (HBAR) ended the previous weekend in positive territory, rising 2.42% and settling at $0.219.
Bullish sentiment persisted on Monday as the price rose over 3% to $0.226. HBAR reached an intraday high of $0.235 on Tuesday but couldn't stay at this level, ultimately settling at $0.228. The price continued pushing higher on Wednesday, rising nearly 3% and settling at $0.234.
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