This week, the overall performance of the market was not very good, whether in terms of market sentiment or news. This also verifies a point that now the dog dealers are also waiting for "news" to see if there is any good news to stimulate the market trend. However, judging from the currently known news, there is not much. So we can only wait for the known good news of whether there will be an interest rate cut this month, as well as other "sudden" news to stimulate. Then we can only wait for good news.

4 Cryptocurrencies That Could Explode Before Rate Cuts!

INJ

Injective has launched a new tokenized index for BlackRock’s BUIDL fund, allowing users to track the fund’s supply through a perpetual market, which the company claims is the first of its kind. The index offers an alternative way to access the BUIDL fund, which was previously limited to institutional investors with a minimum investment of $5 million. Now, users can participate with just $1.

After yesterday's rise, Bitcoin has returned to the price after the US stock market closed last Friday. It is currently above $59,500. It has fallen, but it seems that it has not fallen. It's just that the price of altcoins is much lower than that on Friday. The worst thing about trading is that the price has not changed, but the money in the account is gone after a fierce operation. Obviously, you are working hard to make money, but in the end you are losing money. Saturday and Sunday made the little leeks develop the inertial thinking of shorting on rebounds. The market from yesterday to now has taught these people who rely on regular trading a lesson. It is really difficult to accurately grasp each kind of leeks.

The trend of the crypto market in August was not friendly. The global asset plunge on August 5 also affected Bitcoin. The price of Bitcoin fell below $50,000 at its lowest point, and then began to fluctuate and rebound. After the Federal Reserve released a signal of a rate cut, it rebounded to a high of $65,000, but it is still hovering around $59,000.

There is a growing interest among investors in new digital currencies. These lesser-known currencies are making waves, attracting attention with their incredible growth potential. Learn about five outstanding altcoins that are expected to make significant progress in the near future. Their unique features and bright prospects have attracted strong interest from the cryptocurrency community.

Today, the crypto market rebounded. Bitcoin rebounded from $57,000 to $59,400, and Ethereum rebounded to $2,530. All altcoins in the market are slowly rebounding!
In this article, we present three altcoins that have the potential to record a strong bullish recovery in their respective portfolios in the coming weeks.
Dogecoin price record fuels bearish action
DOGE’s price has dropped by 1.93% in the past, with a trading volume of $520.196 million. Moreover, with a 18.89% plunge, the memecoin is currently valued at $0.09982 and ranks eighth on the global cryptocurrency rankings with a market cap of $14.123 billion.

Currently, the price action in the cryptocurrency market is gradually moving upwards, reflecting the continued growth of investor sentiment. Notably, Bitcoin has rebounded above the $59,000 level, with other tokens also seeing similar gains. Some altcoins have shown resilience and broken through resistance levels, indicating the strength of the current market environment.
These altcoins have also received important partnerships and developments aimed at increasing their appeal and attracting more market participants. As a result, investors are increasingly attracted to these tokens, seeking potential gains. InsideBitcoins provides daily market analysis, offering a curated list of the top cryptocurrencies worth buying right now.

Leading cryptocurrency Bitcoin (BTC) had a poor weekend, with its price falling 10% and another 2% in the past 24 hours to nearly $57,117. Currently, Bitcoin is in a descending wedge pattern, which traditionally suggests a possible decline. If Bitcoin falls below this key level, it could drop to around $54,000.
Past price patterns suggest that Bitcoin could rebound from current levels.
Will history give us a bullish surprise?
I compared Bitcoin’s current chart to its chart from August and September of last year.

The most confused stage for retail investors has appeared, but the general direction of the currency circle remains unchanged, and bottom fishing still needs to wait for the market to reach this stage. Basically, most retail investors are confused. They don’t know whether they should bottom fish or cut their losses. Many bloggers who had previously called for holding on to their positions have begun to be bearish. This is basically a blow to most of those who held on to their positions. No one gives them faith, so they need to insist on holding their positions. In this case, they can only give up watching the market.
$BTC K-line trend
I have carefully looked at the K-line of Bitcoin! The K-line reflects the past transaction price, and it cannot represent the future price. However, if the banker or institution absorbs funds or smashes the market, it will definitely be reflected in the K-line, and this cannot be concealed!

Cardano (ADA) has signaled further medium-term bearish sentiment as cryptocurrencies continue to pull back, led by Bitcoin (BTC) price falling below $58,000. The large-cap altcoin, which has a fully diluted valuation of around $14.8 billion and average daily trading volume of around $273 million, closed last week below key support at around 33 cents.
As a result, the ADA price has been in a bearish trend over the past six months. According to the latest market data, during early European trading on Monday, September 2, the ADA price has fallen 4.3% over the past 24 hours and is trading at around $0.32.