đȘCrypto Market Overview
đ$BTC made an impressive recovery, reaching $58,000, fully recouping what was lost since Friday and even rising higher. The situation in $ETH , however, is noticeably worse.
Some altcoins created a literal "firework" with their easy recovery from their previous lows
Iâd like to highlight the solid growth in SUI. There have been some positive updates and news, and many influencers are advising to buy $SUI I recommended it to my subscribers a year ago at much lower prices.
UNI shows steady dynamics, with fundamentally strong performance. The growth isnât due to market makers manipulating the token, like in many others right now, but because real volume is entering the token.
Project TIA generates ~$580 per day in fees, with a market cap of $5 billion. In October, 83% of tokens from the current supply will be unlocked. Any doubts about what will happen to TIA's price?
đTradFi
Yesterdayâs inflation report didnât bring any breakthrough decrease. Most likely, it raises more questions than answers. But these reports still caused quite a stir for Bitcoin. The movement will be strong, although not as much as Friday's, but the market will continue to be volatile.
đNews
In 2024, the SEC collected $4.68 billion in crypto-related fines, a 3018% increase from the previous year.
An investigation into money laundering using Worldcoin tokens is underway in Singapore. Contrary to some media reports, there are no claims against the company itself so far.
The Base network now has more weekly DEX traders than all other Layer-2s combined.
đBase Scenario The liquidity level at $58,500 is solid. If the price holds above this level, we could soon see $60,000, something I didnât expect before the Fed meeting. It would be logical to expect sideways movement at these levels with preparation for a move toward $60K. If $58,500 breaks, the market could quickly retreat to $56,400 and move sideways until Friday.
đLong on UNI closed in profit
đToday's chart focus is BTC #BTCâ #BTC500K #CPI_BTC_Watch
