Here's What Happened in Crypto

A new version of the infamous crypto drainer, AngelX, is wreaking havoc by deploying over 300 malicious decentralized apps (DApps) in just four days. Meanwhile, the U.S. Commodity Futures Trading Commission (CFTC) charged Uniswap with illegal derivatives trading. Bitcoin’s price dipped below $60,000, pulling the global crypto market cap under $2 trillion.

Why Is the Crypto Market Down Today?

The cryptocurrency market saw a sharp decline on September 3, with the total market capitalization dropping by over 1.5% to around $2.03 trillion. This downturn is primarily driven by weak U.S. manufacturing data and a subsequent sell-off in the stock market, raising concerns about how much longer this correction may last.

Arthur Hayes Explains Why Fed Rate Cuts Aren’t Boosting Bitcoin

Arthur Hayes, co-founder of BitMEX, has shared his insights on why Federal Reserve rate cuts may not be helping Bitcoin prices. Hayes points to the shift of money into higher-yielding reverse repurchase agreements (RRPs) rather than riskier assets, such as Bitcoin, as a key reason for the cryptocurrency’s recent struggles.

5 Things to Know in Bitcoin This Week

Bitcoin begins September under pressure, trading near $57,000 and lacking bullish momentum. While historical trends point to a challenging month, some analysts see potential for a rebound. Here’s what you need to know as the new month kicks off.

Bitcoin: What to Expect if BTC Falls Below $56K

Bitcoin has seen a sharp decline over the past week, losing over 7% of its value. If Bitcoin drops below $56,000, analysts predict a potential further correction, with risks of falling to key support levels around $50,000 or lower.

40,000 BTC Withdrawn in 48 Hours: What's Driving the Market?

How low can the Bitcoin price go?

Bitcoin reserves on exchanges have reached a new yearly low, sparking optimism for a potential bull market. With fewer Bitcoins available for immediate sale, the market could see reduced selling pressure, supporting a successful retest of the $60,000 level.

Is Bitcoin a Buy? Whales and Institutions Signal Bullish Momentum

Bitcoin’s recent market activity shows significant accumulation by whales and institutional investors. Despite mixed market sentiment, these key players have added substantial amounts of Bitcoin to their holdings, suggesting a bullish outlook may be on the horizon.

Bitcoin’s September Slump: Will 2024 Break the Trend?

Bitcoin has traditionally struggled in September, closing the month down 72.73% of the time over the past 11 years. As August ends with a slight decline, the focus shifts to whether 2024's unique dynamics, including the U.S. election and potential Fed rate cuts, might defy historical trends.

Bitcoin Nears Breakout With Potential for 312% ROI

Bitcoin's price action suggests a major breakout is imminent, with a potential surge to $260,000 by the end of 2024. A rare Cup-and-Handle pattern and a parabolic curve signal a steep ascent, despite short-term volatility.

Bitcoin Price Set for September Surge? 5 Key Factors to Watch This Week

Bitcoin is battling to hold gains after a 40% recovery in August, with the monthly close and upcoming macroeconomic data setting the stage for possible price volatility. Traders are focused on whether BTC can break its consolidation and aim for new highs.

Robert Kiyosaki Advocates Bitcoin as US Debt Spirals

Financial expert Robert Kiyosaki warns about the U.S. accumulating a trillion dollars in debt every 100 days. He advises investing in Bitcoin, gold, and silver to safeguard against potential economic collapse and banking system failures.