The AI sector has received significant positive news. OpenAI plans to release a new AI model in the next two weeks, which indicates that the AI sector may usher in an explosion, and key projects such as FET, RENDER and ARKM are expected to rise sharply.
Bad news on the Solana chain: SOL's PUMPFUN platform may prohibit US users from using it, and even face prosecution by the SEC.
The platform supports a large number of projects on the Solana chain. If it is restricted, it will have an adverse impact on Solana.
However, the conference on the 20th will become a key node, and there will be no major problems before that.
At the same time, the issuance of USDT continues to rise, and the hot money in the currency circle is still on the sidelines. The current market value of USDT has reached 120 billion US dollars, and when its market value was 100 billion US dollars, Bitcoin once reached 74,000 US dollars.
Therefore, Bitcoin has the potential to break through the historical high by the end of the year. According to the rainbow chart, the market is currently at the bottom of the big cycle, and the remaining weeks of September may be the last wash period.
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