The cryptocurrency market registered a mixed performance over the past 24 hours, with Bitcoin (BTC) and Ripple (XRP) marginally up, while Ethereum (ETH) and other altcoins traded in the 0 did enough to reclaim the crucial $110,000 mark after falling to an intraday low of $108,540. The flagship cryptocurrency rebounded to reach an intraday high of $111,653 before moving to its current 1 is marginally up over the past 24 hours, trading around $110,774. Meanwhile, ETH faced substantially more selling pressure over the past 24 2 altcoin has struggled to reclaim $4,500 as bearish sentiment intensified, falling to an intraday low of $4,264. However, it rebounded to reclaim $4,300 and move to its current level of $4,315, down over 2%.
Ripple (XRP) is up nearly 1%, while Solana (SOL) is up over 2%, trading around $208. Dogecoin (DOGE) is also marginally up, while Cardano (ADA) is up over 1%, trading around $0.830. Chainlink (LINK) , Stellar (XLM) , and Hedera (HBAR) also registered marginal 3 the other hand, Litecoin (LTC) , Toncoin (TON) , and Polkadot (DOT) were marginally up over the past 24 4 Launches First Regulated Sports Prediction Market 5 has partnered with sports betting company Underdog to launch a regulated sports prediction 6 partnership will see the exchange’s CDNA sports events contracts available on the Underdog 7 to Underdog, the partnership will enable Americans to access a regulated and secure way of betting on sports 8 offering will also include betting on outcomes in major sports leagues, including the NFL, NBA, and college 9 McGhee, Managing Director, Global Head of Capital Markets at Crypto.
com, stated, “We are thrilled to partner with Underdog to enhance the sports experience for customers nationwide with the ability to now trade using Underdog’s technology – all in one 10 were the first to offer sports events contracts, and our technology partnership with Underdog will provide more access to CDNA’s innovative offerings.” Prediction markets are becoming increasingly 11 the field is dominated by Polymarket, several new entrants, including Underdog, are looking to get in on the 12 founder and CEO Jeremy Levine stated, “Prediction markets are one of the most exciting developments we’ve seen in a long 13 still new and evolving, one thing is clear – the future of prediction markets is going to be about sports – and no one does sports better than Underdog.” Coinbase Set To Roll Out Futures Index Coinbase is preparing to launch a futures product that tracks the top US tech stocks, crypto ETFs, and its own shares, offering investors exposure to equities in crypto through a single 14 Derivatives announced the launch of the Mag7 + Crypto Equity Index Futures on 15 futures product, which will launch on September 22, will track the Magnificent 7 tech stocks of Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, and 16 will also track Bitcoin (BTC) and Ethereum (ETH) ETFs and Coinbase 17 stated in an announcement, “Historically, there has been no US-listed derivative that provides access to both equities and cryptocurrencies within a futures product.” The launch is Coinbase’s first major derivatives move since its acquisition of Deribit for $2.9 18 Regulators Issue Statement To Clarify Spot Crypto Trading Rules The United States Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) issued a joint statement clarifying rules to oversee and enable spot crypto trading in the 19 regulators clarified that existing laws do not prevent regulated US or foreign exchanges, including national stock exchanges (NSEs), designated contract markets (DCMs), and foreign boards of trade (FBOTs), from listing spot crypto products, including those with leverage and margin 20 move comes after the President’s Working Group on Digital Asset Markets recommendations, which urged regulators to provide regulatory clarity to keep blockchain innovation within the United States.
“Today, the Divisions provide their view that DCMs, FBOTs, and NSEs are not prohibited from facilitating the trading of certain spot crypto asset 21 participants are invited to engage with SEC staff or CFTC staff, as needed.” Metaplanet Greenlights $3.7 Billion Bitcoin (BTC) Accumulation Strategy Japanese investment firm Metaplanet has secured approval to overhaul its capital structure, clearing the way for it to raise up to $3.7 billion in fundraising to support its Bitcoin (BTC) accumulation 22 backed the firm’s plan to expand its authorized shares to $2.7 billion and introduce a dual-class preferred stock system to attract investors while maintaining shareholder 23 new structure offers Class A shares with fixed dividends for income-focused investors, and Class B shares that carry higher risk, but can be converted into common 24 (BTC) Price Analysis Bitcoin’s (BTC) recovery has stalled after crossing $111,000, with the flagship cryptocurrency marginally down during the ongoing 25 has recovered well this week despite ending the weekend in the 26 flagship cryptocurrency fell to an intraday low of $107,250 on Monday but rebounded to cross $109,000 and settle at $109,240.
The price continued pushing higher on Tuesday, rising nearly 2% to reclaim $110,000 and settle at $111,247. However, the current session sees the price marginally down at $111,051. Analysts believe BTC faces a critical test that will decide the trajectory of its next major price 27 to veteran trader Peter Brandt, BTC has room for a final push towards the $150,000 mark. However, he added that the flagship cryptocurrency has very little time to make such a move.
“I think there is still room for one more big thrust, perhaps to $125,000 to $150,000, but it is running out of 28 market feels toppy.” Brandt added that BTC’s price is entering the period where he thought it would hit a ceiling. However, with BTC holding above key levels, the veteran trader believes it could push higher, as long as it holds above $105,000 and $107,000. However, he warned that if prices fell below these levels, a substantial correction could be on the 29 also warned that BTC faces a substantial barrier that could prevent a push higher and place the flagship cryptocurrency within a danger 30 investor stated on X, “Most of you crypto nerds know about the huge sell order that came into the BTC market over the 31 of you discount it as unimportant.
I am not so quick to judge 32 represented 33 in markets are created by SUPPLY or 34 needs to get back above 117570 to discount the past 7 weeks as a possible double top.” BTC started the previous week in the red, dropping to a low of $110,635 before settling at $113,478 on 35 pressure intensified on Monday as the price fell almost 3% and settled at $110,127. Despite the overwhelming bearish sentiment, BTC recovered on Tuesday, rising 1.51% to cross $111,000 and settle at $111,788. Selling pressure returned on Wednesday as the price fell 0.48% to $111,253. However, BTC was back in positive territory on Thursday, rising 1.19% to reclaim $112,000 and settle at $112,574.) Price Analysis Ethereum (ETH) remains muted, with neither buyers nor sellers able to influence price 36 world’s second-largest cryptocurrency ended Sunday with a marginal increase, but was back in the red on Monday, dropping almost 2% to $4,315.
It registered a marginal rise on Tuesday but is back in the red during the ongoing session, down 0.35%. The altcoin is down 15% from its August 24 all-time high, and is struggling to stay above the $4,300 mark. ETH’s pullback is part of a broader market correction due to worsening macroeconomic 37 derivatives metrics are showing little to bring cheer, on-chain indicators suggest ETH could cross $4,500 in the near 38 sentiment has waned over the past few days as President Trump continues attacking trading 39 latest salvo was against the Prime Minister of India, Narendra 40 criticised the country after the Indian Prime Minister met with Chinese and Russian leaders on Monday.
However, it's not all doom and gloom. Ethereum’s network activity registered a substantial 41 activity rose 30% to overtake Tron as the highest-grossing network. Ethereum’s total fees reached $16.3 million, more than double Solana’s $7.9 42 dApps generated $46 million in fees in August, a 36% increase from the previous 43 contrast, Solana dApp fees fell 10%. Institutional interest and adoption also persist, with corporations adding over 2 million ETH to their reserves over the past 44 to data from StrategicETHReserve, corporate entities including Bitmine Immersion Tech (BMNR), SharpLink Gaming (SBET), and The Ether Machine (ETHM) hold a combined 4.71 million ETH, valued at over $20 45 are also deploying capital into Ethereum-based dApps.
ETH’s price action was mixed over the previous weekend, dropping 1.08% on Saturday before registering a marginal increase on Sunday to settle at $4,780. However, selling pressure intensified on Monday as the price fell by over 8% to $4,380. It recovered on Tuesday despite sell pressure, rising over 5% to reclaim $4,600 and settle at $4,603. Price action returned to bearish on Wednesday as ETH fell over 2% to $4,509.) Price Analysis Solana (SOL) recovered strongly on Tuesday, breaking out of its downward 46 altcoin spent the weekend in the red, dropping to $200 on 47 pressure persisted on Monday as SOL fell to $197.
However, it rebounded on Tuesday to reclaim the $200 level. However, its rally has stalled during the ongoing session, with the price marginally 48 SOL’s recent price struggles, market analysts remain optimistic about its price prospects. However, one trader believes speculation of SOL hitting four figures this cycle is “pure hopium.” Crypto trader The Bitcoin Express stated, “SOL is never hitting $1,000 this 49 cap = ATH, yet price per token is still below 2021 50 can keep climbing, but inflationary supply keeps the per-token price down. I love SOL long-term, but $1k this cycle is pure hopium.” The trader argued that while SOL’s market cap is near record levels, token inflation is keeping prices 51 ended the previous weekend in positive territory, rising 1.73% on Saturday and 0.93% on Sunday to settle at $206.
Despite the positive sentiment, SOL registered a sharp drop on Monday, falling over 9% from $200 to $187. SOL recovered on Tuesday, rising nearly 5% and settling at $195. Bullish sentiment persisted on Wednesday as the price surged to an intraday high of $212 before losing momentum and settling at $203, ultimately rising 3.62%.) Price Analysis Uniswap (UNI) started the previous weekend with a substantial decline, falling over 11% to slip below $10 and settle at $9.70. The price recovered on Tuesday, rising 2.59% to settle at $9.95.
However, it lost momentum on Wednesday, dropping 0.99% to $9.86. Price action returned to positive on Thursday as UNI rose 1.64% to reclaim $10 and settle at $10.02. Bearish sentiment returned on Friday as the price fell nearly 4%, slipping below $10 and settling at $9.63.) Price Analysis Internet Computer (ICP) registered a substantial decline on Monday (August 25), dropping over 7% to $4.89. The price recovered on Tuesday, rising over 3% to reclaim $5 and settle at $5.06.
However, it was back in the red on Wednesday, dropping 0.70% after reaching an intraday high of $5.15 to settle at $5.02. ICP recovered on Thursday, rising over 2% to $5.14. However, it lost momentum on Friday, dropping over 4% to slip below $5 and settle at $4.91.
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