The cryptocurrency market has rallied over the past 24 hours, with Bitcoin (BTC) and other cryptocurrencies registering substantial 0 started the day with sellers pushing the price to a low of $111,184. However, it recovered and reclaimed $112,000 as bullish sentiment 1 is trading around $112,900, up nearly 2% over the past 24 hours. Meanwhile, Ethereum (ETH) briefly slipped below the $4,300 mark, dropping to a low of $4,281. However, it rebounded from this level to reclaim $4,300 and move to its current level of $4,373, up almost 2%.
Buyers will look to retain control and push the price beyond $4,400. Ripple (XRP) is up over 4% and has reclaimed the $3 level. Meanwhile, Solana (SOL) has seen bullish sentiment intensify and is up 5%, trading around $219. Dogecoin (DOGE) is up almost 4%, while Cardano (ADA) is up 5.45%, trading around $0.889.
Chainlink (LINK) , Stellar (XLM) , Hedera (HBAR) , Toncoin (TON) , Litecoin (LTC) , and Polkadot (DOT) also registered notable price 2 Preparing To Offer Tokenized Assets To Traders The Nasdaq stock exchange has filed with the United States Securities and Exchange Commission (SEC) for approval to trade tokenized 3 to Tai Cohen, President of Nasdaq, the move lets it leverage the speed and efficiency of the blockchain while embedding it into the US equity 4 tokenized assets will retain all investor rights and protections, including 5 stated, “The integration of tokenization and blockchain technology alongside traditional market infrastructure presents an extraordinary opportunity for the global financial system.
I am excited to share that we have submitted a filing to the US Securities and Exchange Commission (SEC) to facilitate the trading of tokenized securities on the Nasdaq Stock Market.” Cohen added that tokenized assets can shorten settlement times, modernize proxy voting, and provide various 6 also emphasized that Nasdaq will always prioritize investor protection and market stability while leveraging new 7 Compromise Core JavaScript Libraries Hackers have infiltrated JavaScript libraries in what is being called the largest supply chain attack in 8 malware steals crypto by swapping wallet addresses and intercepting 9 to reports, hackers infiltrated the Node Package Manager (NPM) account of a well-known developer and added malware to popular JavaScript libraries used by millions of 10 Guillemet, Chief Technology Officer at Ledger, stated, “There’s a large-scale supply chain attack in progress: the NPM account of a reputable developer has been 11 affected packages have already been downloaded over 1 billion times, meaning the entire JavaScript ecosystem may be at risk.” The breach primarily impacted JavaScript packages, like chalk, strip-ansi, and 12 are small utilities in the dependency tree of countless 13 libraries are downloaded billions of times each week, and even developers who have not installed them directly could be impacted.
However, security researchers have said the attackers have managed to steal only $50. Crypto intelligence platform Security Alliance stated that while the NPM account of a prominent developer was compromised on Monday, the attackers have only stolen $50 so 14 SEAL security researcher Samczsun stated, “The hacker didn’t fully capitalize on the amount of access they had. It’s like finding the keycard to Fort Knox and using it as a 15 malware was widespread but at this point is nearly completely neutralized.” Markets Recover As Investors Bet On Rate Cut Investors have started a crucial week on a positive note, with the benchmark S&P 500 index up 0.2% while the Nasdaq rose 0.6% in early trading.
Meanwhile, the Dow Jones Industrial Average fell by around 40 points. However, all major gauges and indicators predict a bullish outlook as stocks, like Nvidia, Meta, Microsoft, and Tesla, registered 16 are waiting for two key reports: the Producer Price Index (PPI) and the Consumer Price Index (CPI). The PPI will be released on Wednesday, while the CPI will be released the following 17 Street is keen on what the two reports state about the economy, with last week’s August jobs data still fresh in their 18 believe the upcoming reports will provide insights into the state of the economy and whether the Federal Reserve will initiate a large rate 19 are betting on a 25-basis-point rate cut at the Federal Reserve’s upcoming FOMC 20 (BTC) Price Analysis Bitcoin (BTC) has extended its gains for a third consecutive day despite facing substantial selling pressure during the ongoing 21 flagship cryptocurrency ended the weekend at $111,129.
Sellers retained control on Monday as the price rose to an intraday high of $112,940 before settling at $112,072. The current session sees BTC up nearly 1%, trading around $112,970. BTC’s latest rally can be attributed to robust institutional support, which is countering the selling pressure from large holders offloading their 22 move is in line with a broader market uptick supported by corporate Bitcoin treasuries, primarily Strategy, which announced the purchase of 1,955 BTC worth $217 23 latest acquisition takes the company’s Bitcoin holdings to 638,460 BTC, valued at over $71 24 to a filing with the Securities and Exchange Commission (SEC), the company funded the purchase using net proceeds from its active at-the-market equity offering 25 to its aggressive Bitcoin strategy, Strategy has successfully converted its stock into an avenue to accumulate digital assets without straining day-to-day 26 executive chairman Michael Saylor has called BTC the “apex asset of the 21st century.” However, not everyone shares Saylor’s 27 analysts are worried BTC could drop to $100,000 or lower if it fails to clear the resistance above $113,000.
Analysts have also flagged $106,000 as an important level to the 28 crypto trader CrypNuevo stated, “If the previous range lows continue to be resistance, price will attempt to hit the liquidation at $106.7k.” The current week is crucial, with the Producer Price Index (PPI) and the Consumer Price Index (CPI) set to be released on Wednesday and Thursday. However, markets already know what they can 29 is on the higher side again, and labor market weakness has risen, putting the Federal Reserve in a 30 registered a sharp drop on Friday (August 29), dropping nearly 4% to $108,378. The price recovered on Saturday, rising 0.41%, but was back in the red on Sunday, falling 0.53% to settle at 108,247.
Price action was positive on Monday as BTC rose almost 1% to cross $109,000 and settle at $109,240. Bullish sentiment intensified on Tuesday as the price rallied, increasing 1.84% to cross $111,000 and settling at $111,247. BTC posted a marginal increase on Wednesday, rising 0.46% to $111,756.) Price Analysis Ethereum (ETH) remains rangebound as buyers and sellers are locked in a tug-of-war to dictate the next decisive price 31 has been rangebound since August 29, and is trading between the $4,200 and $4,500 levels, with buyers or sellers struggling to influence price 32 action was mixed over the weekend as ETH registered a marginal drop on Saturday before recovering on Sunday and settling at $4,306.
The price registered a marginal increase on Monday before sentiment improved, allowing it to climb over 1% during the ongoing 33 subdued price action, ETH continues to attract institutional interest, directly and 34 most recent investment is by Cathy Wood’s ARK Invest, which purchased more shares in 35 purchased 101,950 shares, worth $4.4 million, in BitMine Immersion 36 investment was spread across the Ark Innovation ETF, the Ark Next Generation Internet ETF, and the ARK Fintech Innovation ETF. Combined, the three funds hold 6.7 million BitMine shares, worth $284 37 investment was on the same day BitMine reached a crucial milestone, announcing that its total holdings crossed 2 million ETH, worth $8.9 38 Chairman Tom Lee stated, “We continue to believe Ethereum is one of the biggest macro trades over the next 10-15 years.” Lee is also bullish about the prospect of a rate cut next week, stating, “Fed cutting interest rates will have dual positives of lowering interest rates, particularly mortgage rates could fall, and boosting biz confidence.” ETH registered a notable drop on Friday (August 29), falling over 3% to $4,362.
The price recovered over the weekend, registering marginal increases on Saturday and Sunday to settle at $4,394. However, it returned to bearish territory on Monday, dropping 1.79% to $4,315. ETH registered a marginal recovery on Tuesday before rising almost 3% on Wednesday to cross $4,400 and settle at $4,453.) Price Analysis Solana (SOL) extended its gains for a third consecutive day, testing the $220 39 altcoin has traded in positive territory since Sunday, ending the weekend up over 3% at $206. Sellers retained control on Monday as the price rose nearly 4% to $214.
SOL is up over 2% during the ongoing session, trading around $218. Buyers will look to push SOL above the $220 level. A break above this level could open the possibility of a move towards $250. According to analysts, a breakout could lead to the most bullish phase for the altcoin as demand picks up.
However, while SOL’s price is rallying and trading volume has surged, the Solana blockchain metrics paint a dire 40 7-day moving average for vote transactions has been steadily declining since February, going from 300 million to 214 41 active addresses have also fallen sharply, dropping from a peak of 5.1 million to 2.6 million as of today. However, analysts believe the successful Alpenglow upgrade could turn the tide in Solana’s 42 update was almost unanimously approved by the Solana community, reducing the transaction finality to just 150 43 price action was bearish last weekend as it fell over 4% on Friday (August 29) and settled at $205.
Selling pressure persisted on Saturday as the price fell 1.17% to $202. SOL continued falling on Sunday, dropping 0.99% and settling at $200. Sellers retained control on Monday as the price fell almost 2%, slipping below $200 and settling at $197. Despite the overwhelming selling pressure, SOL recovered on Tuesday, rising over 6% to reclaim $200 and settle at $209.
The price continued pushing higher on Wednesday, rising 0.60% to $210.) Price Analysis Injective (INJ) traded in bearish territory on Friday (August 29), dropping nearly 8% and settling at $12.97. Sellers retained control over the weekend as the price fell 0.65% on Saturday and 1.32% on Sunday to settle at $12.72. INJ faced volatility on Monday as buyers and sellers struggled to take 44 ultimately gained the upper hand as the price fell over 2% to $12.45. Despite the overwhelming selling pressure, INJ recovered on Tuesday, rising over 4% and settling at $13.
The price continued pushing higher on Wednesday, rising 1.75% to $13.23.) Price Analysis Uniswap (UINI) registered a drop of almost 4% on Friday (August 29) and settled at $9.63. The price recovered on Saturday, rising 1.03% but was back in the red on Sunday, dropping 1.21% to $9.61. Selling pressure intensified on Monday as UNI fell almost 3% and settled at $9.34. The price recovered on Tuesday, rising 2.63% to $9.58.
Buyers retained control on Wednesday as UNI rose nearly 1% and settled at $9.67.
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