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- Is "Rektember" Here to Stay? 📉
Is "Rektember" Here to Stay? 📉
September is off to a rocky start so far, let's see what happens.
Justin
September 02, 2024 • Read Time: 7 minutes
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Bitcoin has kicked off September with a whimper, casting doubt on its bullish prospects as market sentiment wanes.
Despite a lackluster performance, not all analysts foresee gloom; some still hold onto a glimmer of optimism for what's ahead.
Could this be another "Rektember," or is a surprising turnaround in store?
Let's dive in!
Bitcoin starts September weak, sparking mixed market predictions. — Read More
Donald Trump edges ahead of Kamala Harris with a 51% chance of winning the 2024 election, according to Polymarket bets. — Read More
Durov's arrest and indictment amidst Telegram’s crypto ambitions raise questions about the future impact on the platform. — Read More
Jobs data this week could influence a Federal Reserve rate cut, while crypto markets decline by $75 billion. — Read More
Crypto executives plan to raise $100,000 for Kamala Harris at a September 13 fundraiser, aiming to influence her stance on cryptocurrency. — Read More
Maduro pushes for crypto resurgence after blaming 'bandits' for previous failures, plans multi-currency systems. — Read More
Arthur Hayes Predicts Bitcoin Surge
Arthur Hayes forecasts Bitcoin spike with central bank rate cuts.
Bitcoin Miners Face Worst Revenues in 11 Months
Bitcoin miners' revenues plummet as mining difficulty rises.
Bitcoin Whales Accumulate as Wallets Hit 17-Month High
Bitcoin wallets with 100+ BTC reach a 17-month peak, despite smaller traders selling amidst market pressure.
Bitcoin Network Stacks Nears Completion of Nakamoto Upgrade
Bitcoin Network Stacks accelerates towards finalizing the Nakamoto upgrade after delays for security audits.
August Sees Net Outflows for U.S. Bitcoin ETFs
U.S. spot Bitcoin ETFs experienced a net outflow of $94 million in August, despite an initial eight-day inflow streak.
While #Bitcoin monthly returns in September on average are not great, not every Sep is red
In fact, 2/3 prior halving years, BTC was green in Sep
However, when the Fed cut in July 2019, BTC was red (but ETH was green)
Seasonality is not everything, it’s just a consideration.
— Benjamin Cowen (@intocryptoverse)
3:15 PM • Sep 1, 2024
Ethereum Struggles in Historically Bearish Third Quarter
Ethereum price falls short of $4,000 and faces bleak third quarter, historically its worst period.
Ethereum ETFs Fail to Impress as Bitcoin ETFs Soar
Ethereum ETFs fall short of expectations while Bitcoin ETFs continue to dominate, sparking debate about their future viability.
Pudgy Penguins NFT Resurgence
Pudgy Penguins floor price rises by 30% in August amid sector pressure.
The pattern of #ETH in 2024 remarkably has still followed 2016.
— Benjamin Cowen (@intocryptoverse)
3:41 PM • Sep 1, 2024
Elon Musk Wants Dogecoin Back in Tesla Store
Elon Musk hints at reinstating Dogecoin as a payment option for Tesla merchandise.
Solana Sets Record Highs in Daily Active Users
Solana sees 2.3 million daily active users as Intel Markets nears $200K in early funding.
Cryptos to Watch: AVAX, MATIC, AAVE
AVAX, MATIC, and AAVE showcase notable market movements this week, with AVAX and MATIC sliding and AAVE showing resilience.
Coinbase Facilitates First AI-to-AI Crypto Transaction
Coinbase completes its first cryptocurrency transaction managed entirely by AI agents, enabling autonomous payments without bank accounts.
Helium Defies Bearish Crypto Market
Helium's HNT rises 16% amid a bearish crypto market, defying broader trends.
Crypto Gains: Render (RNDR) and Mpeppe (MPEPE) Shine
Render (RNDR) sees whale accumulation, while new crypto Mpeppe (MPEPE) promises 100x returns.
Oasys Partners with SBI Holdings
Gaming blockchain Oasys teams up with Japanese conglomerate SBI Holdings.
Geist Launches Members-Only Network to Combat Crypto Gaming Exploits
Pixelcraft Studios introduces a members-only Ethereum gaming network to address 'industrial farming' in crypto games.
Seoul Police Bust $12.8M Crypto Mining Scam
14 individuals arrested for $12.8 million crypto mining fraud in Seoul, mastermind underwent plastic surgery to evade capture.
First UK Charge for Illegal Bitcoin ATM Operation
Londoner Habibur Rahman faces charges for running an unregistered Bitcoin ATM and laundering £300,000.
SEC Eyes FTX Stablecoin Repayment Plan
SEC warns it may challenge FTX's plan to repay creditors with stablecoins, citing potential legal issues.