š $BTC is back in action! After a remarkable recovery, Bitcoin surged to $58,000, not only erasing losses from Friday but pushing even higher. The spotlight, however, dims when it comes to $ETH, which is facing a tougher battle.
Meanwhile, some altcoins have been on fire, bouncing back from their lows with ease. Among them, SUI stands out with its solid growth. Thanks to positive updates and influencer buzz, the market sentiment around $SUI is glowing. I recommended $SUI to my followers a year ago at much lower prices, and it's great to see it thriving now!
As for UNI, itās holding steady with strong fundamentals. Unlike many other tokens manipulated by market makers, UNI's rise is fueled by genuine volume, showing its real potential.
One to watch: Project TIA. Despite generating $580 in fees daily with a market cap of $5 billion, things might change dramatically come October, when 83% of the token supply unlocks. Expect volatilityāwill TIAās price hold or dive?
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š TradFi Update
Yesterdayās inflation report brought more questions than answers, with no dramatic decrease. However, it did stir up the markets, especially for Bitcoin. While the movements might not be as intense as last Fridayās, volatility is here to stay for the near future.
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š Latest Crypto News
SEC made waves in 2024, collecting $4.68 billion in crypto-related finesāa massive 3018% jump from the previous year.
Worldcoin is under scrutiny in Singapore for money laundering allegations, though no claims have been made against the company itself as of now.
The Base network is leading the pack, now boasting more weekly DEX traders than all other Layer-2 solutions combined.
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š Base Scenario
Bitcoinās liquidity at $58,500 is holding strong. If we stay above this, the next stop could be $60,000āsooner than expected, even before the Fed meeting! Sideways movement around these levels seems likely, but if $58,500 breaks, brace for a quick retreat to $56,400, with more sideways action leading into Friday.
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š¢ Long on UNI closed in profit
š Today's chart focus is BTC
ā #BTC500K
š #CPI_BTC_Watch
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The market is heating up, and the next few days could be crucial! Stay sharp and keep your eyes on the charts! š
