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Crypto Markets Face Turning Points as ETH, Altcoins, Bitcoin, and Tokenized Gold Compete for Investor Attention

Analysts see delays in ETH’s record highs, possible September altseason, mixed Bitcoin signals, and growing interest in tokenized gold as a rival store of value.

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What we will talk about today...

ETH’s Record High May Be Weeks Away

Coinbase Sees Altcoin Season on the Horizon

Bitcoin Charts Mirror 2021 Peak, Traders Split on Outlook

Schiff Predicts Tokenized Gold Will Beat Bitcoin

ETH’s Record High May Be Weeks Away

Ether trades near its all-time high, but analysts warn the breakout could take time.

  • [Price range]: ETH hit $4,779, then slipped to $4,630, still 2% below its record.

  • [ETF inflows]: Spot ETH ETFs saw $1.01 billion in net inflows on Monday, the largest on record.

  • [Corporate holdings]: Public companies now hold $13 billion in ETH.

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“The rally will hold as long as the flows and narrative remain strong,”

said Nansen analyst Jake Kennis.

Coinbase Sees Altcoin Season on the Horizon

Falling Bitcoin dominance and surging altcoin market cap point to a possible September altseason.

  • [Market shift]: Altcoin market cap rose over 50% since July.

  • [BTC dominance]: Bitcoin’s market share dropped from 65% in May to 59% in August.

  • [Macro backdrop]: A potential Fed rate cut in September could drive new retail inflows.

“We believe conditions are setting up for a potential rotation into a more mature altcoin season,”

said Coinbase’s David Duong.

Bitcoin Charts Mirror 2021 Peak, Traders Split on Outlook

Some see BTC repeating its 2021 top pattern, others say fundamentals now matter more.

  • [Price action]: BTC hit $124,100 before falling 4.3% in 24 hours.

  • [Treasury demand]: Public firms now hold $150.98 billion in Bitcoin.

  • [Market share]: BTC dominance fell 6.55% in the last month.

“Anyone that looks at the charts and tries to tell you where anything is going is fooling themselves,”

said veteran trader Peter Brandt.

Schiff Predicts Tokenized Gold Will Beat Bitcoin

Peter Schiff says gold-backed tokens fix Bitcoin’s flaws and will replace demand for stablecoins.

  • [Corporate adoption]: BioSig Technologies raised $1.1 billion for a gold-backed token treasury.

  • [Tokenization benefits]: Global access, liquidity, and lower barriers, according to Streamex.

  • [Criticism]: Opponents warn of centralization and counterparty risk.

“Gold is the best monetary asset for tokenization. It solves all the problems that Bitcoin can’t,”

said Peter Schiff.

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This article is not financial advice. Market conditions can change rapidly, and past performance does not guarantee future results