What’s Preventing the Bull Run? 🤨

Explore the latest industry news, insightful data, and exciting updates from CoinMarketCap. ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌       [CoinMarketCap Logo](~/AAQRxQA~/RgRotC3-P0QraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS8_bGlkPTFyeXMyZ2d1Mmk5ZFcDc3BjQgpmz_6o0WZqS1N7Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) Data as of: 30 Aug 2024 11:10 UTC TGIF! But is it really a happy Friday when Bitcoin's playing ping-pong between 58K and 61K? Let's be real: BTC's been knocking on that 61K door for days now, and it's starting to feel like we're watching paint dry. 🙄 The broader crypto ecosystem? Crickets. Except for those AI tokens, which seem to have found the charm everyone else forgot about. But don't zone out just yet. The charts are whispering about a big Bitcoin move on the horizon. Up or down? That's the multi-million dollar question. Anyway, let's dive into today's top crypto news. Here's your TLDR: - Elon Musk dodges a $258B Dogecoin lawsuit. So the whole Elon-sent-DOGE-to-the-moon [wasn’t real](~/AAQRxQA~/RgRotC3-P0R8aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvdGVzbGEtY2VvLWVsb24tbXVzay1jbGVhcmVkLWluLWRvbGxhcjI1OC1iaWxsaW9uLWRvZ2Vjb2luLWxhd3N1aXQ_bGlkPTFqc3JpaTJ6aTVsb1cDc3BjQgpmz_6o0WZqS1N7Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)? 😬 - Ethereum's network is buzzing, but its price isn't. [What’s](~/AAQRxQA~/RgRotC3-P0SUaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvZXRoLXN0cnVnZ2xlcy1kZXNwaXRlLTM2cGVyY2VudC1zdXJnZS1pbi1kYXBwcy12b2x1bWUtaW52ZXN0b3Itc2VudGltZW50LXJlbWFpbnMtY2F1dGlvdXM_bGlkPTNkeTdvY3d0ODNpa1cDc3BjQgpmz_6o0WZqS1N7Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) holding Ethereum back? 🤔 - Bloomberg adds crypto prediction markets to its Terminal. [But why](~/AAQRxQA~/RgRotC3-P0SFaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvYmxvb21iZXJnLWVtYnJhY2VzLXBvbHltYXJrZXQtcHJlZGljdGlvbi1tYXJrZXQtZGF0YS1mb3ItZWxlY3Rpb24taW5zaWdodHM_bGlkPXVnYnhxemo2OWRrclcDc3BjQgpmz_6o0WZqS1N7Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) Polymarket in particular? 🤔 - El Salvador's Bitcoin experiment hits a snag. Did Bitcoin [fail](~/AAQRxQA~/RgRotC3-P0R-aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvZWwtc2FsdmFkb3JzLXByZXNpZGVudC1idWtlbGUtYml0Y29pbi1hZG9wdGlvbi1zbG93ZXItdGhhbi1leHBlY3RlZD9saWQ9dDlzd3p4aWQ1NmwzVwNzcGNCCmbP_qjRZmpLU3tSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) the mass adoption test? 🥲 - Crypto scammers are evolving at warp speed. And [here’s](~/AAQRxQA~/RgRotC3-P0R8aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvY2hhaW5hbHlzaXMtY3J5cHRvLXNjYW1tZXJzLXRhcmdldGluZy1zaG9ydGVyLW1vcmUtbHVjcmF0aXZlLWNvbnM_bGlkPXdkb3E5bWNraXBrd1cDc3BjQgpmz_6o0WZqS1N7Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) the attack they prefer the most! 🚨 Let’s dive in after the market overview! MARKET OVERVIEW GLOBAL MARKET CAP $2.09T ▼0.5% (24h) 24H MARKET VOLUME $67.86B ▼8.02% (24h) BITCOIN’S DOMINANCE 56.28% ▲0.21% (24h) FEAR & GREED INDEX 46 Neutral [Bitcoin] Bitcoin $59,590.0 ▼0.21% (24h) [Ethereum] Ethereum $2,518.64 ▼1.02% (24h) [BNB] BNB $539.96 ▼0.57% (24h) [ALL CRYPTO PRICES/DATA »](~/AAQRxQA~/RgRotC3-P0QraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS8_bGlkPTc1dTFieGlodDlqZlcDc3BjQgpmz_6o0WZqS1N7Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) [TRENDING CRYPTO »](~/AAQRxQA~/RgRotC3-P0RFaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS90cmVuZGluZy1jcnlwdG9jdXJyZW5jaWVzLz9saWQ9cW1wN3hjOG84c3ExVwNzcGNCCmbP_qjRZmpLU3tSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) [NEW LISTINGS ON CMC »](~/AAQRxQA~/RgRotC3-P0QvaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9uZXcvP2xpZD1vMDRpbWhubGR1b3RXA3NwY0IKZs_-qNFmaktTe1IbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) [TRENDING DEX PAIRS »](~/AAQRxQA~/RgRotC3-P0RAaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9kZXhzY2FuL3RyZW5kaW5nL2FsbC8_bGlkPWhwazkxdmZsaWd3NFcDc3BjQgpmz_6o0WZqS1N7Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) TOP GAINERS 24H% [DOGO] [DOGO](~/AAQRxQA~/RgRotC3-P0QqaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL2RvZ28vVwNzcGNCCmbP_qjRZmpLU3tSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) ▲1958.19% [Black Phoenix] [Black Phoenix](~/AAQRxQA~/RgRotC3-P0QzaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL2JsYWNrLXBob2VuaXgvVwNzcGNCCmbP_qjRZmpLU3tSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) ▲1850.09% [Wegie] [Wegie](~/AAQRxQA~/RgRotC3-P0QraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL3dlZ2llL1cDc3BjQgpmz_6o0WZqS1N7Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▲1425.72% TOP LOSERS 24H% [CATX] [CATX](~/AAQRxQA~/RgRotC3-P0QqaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL2NhdHgvVwNzcGNCCmbP_qjRZmpLU3tSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) ▼95.33% [LAZYCAT] [LAZYCAT](~/AAQRxQA~/RgRotC3-P0QtaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL2xhenljYXQvVwNzcGNCCmbP_qjRZmpLU3tSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) ▼89.26% [FLAKY] [FLAKY](~/AAQRxQA~/RgRotC3-P0QraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL2ZsYWt5L1cDc3BjQgpmz_6o0WZqS1N7Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▼89.04%     Musk Dodges $258B Dogecoin Bullet Elon Musk and Tesla just scored a major win in crypto. A New York court tossed out a $258 billion lawsuit that accused them of manipulating Dogecoin's price. The case, filed by a group of Dogecoin investors in June 2022, painted Musk as the mastermind behind a "Dogecoin Pyramid Scheme." They claimed his tweets sent DOGE to the moon and back, leaving investors holding the bag. But the judge's ruling was clear: Musk's tweets were "aspirational and puffery, not factual." In other words, no reasonable investor should be taking investment advice from memes and jokes on social media. So the whole Elon-sent-DOGE-to-the-moon wasn’t real? Read the [full story](~/AAQRxQA~/RgRotC3-P0R8aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvdGVzbGEtY2VvLWVsb24tbXVzay1jbGVhcmVkLWluLWRvbGxhcjI1OC1iaWxsaW9uLWRvZ2Vjb2luLWxhd3N1aXQ_bGlkPTh3djFteWtlcjBjZVcDc3BjQgpmz_6o0WZqS1N7Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)!   What’s Holding Ethereum Back? Ethereum's having a bit of a bad day. Its prices are up 7.5% from its August 27 low but still down 0.44% in the last day. The big elephant in the room? Those spot ETFs that were supposed to be ETH's ticket to the moon. But they didn’t quite live up to the hype. The altcoin market's down 13% in a month, and ETH's not exactly leading the comeback charge. But here's where it gets interesting. Ethereum's network is actually buzzing with activity. Transaction fees have dropped below $1 for the first time in four years. The network's total value locked (TVL) is up 4% in two weeks, hitting 18.9 million ETH (that’s a good news!) DApp volumes on Ethereum surged 36% between July 22 and July 2. Uniswap and Balancer are leading the charge, while Solana's volumes are treading water. So what’s exactly holding ETH’s prices back? Read the [full story!](~/AAQRxQA~/RgRotC3-P0SUaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvZXRoLXN0cnVnZ2xlcy1kZXNwaXRlLTM2cGVyY2VudC1zdXJnZS1pbi1kYXBwcy12b2x1bWUtaW52ZXN0b3Itc2VudGltZW50LXJlbWFpbnMtY2F1dGlvdXM_bGlkPXU0dHRpbTdyc2d6c1cDc3BjQgpmz_6o0WZqS1N7Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)   Bloomberg Bets on Crypto Bloomberg just added Polymarket's election odds to their Terminal service, giving crypto prediction markets a seat at the big data table. This isn't just another data point. It's a nod to the growing influence of blockchain-based betting platforms in political analysis. Polymarket, built on Polygon, has been crushing it with nearly $450 million in monthly trading volumes. The current odds? Trump's at 50%, Harris at 48%. So what’s the significance of Polymarket’s election odds? Read the [full story](~/AAQRxQA~/RgRotC3-P0SFaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvYmxvb21iZXJnLWVtYnJhY2VzLXBvbHltYXJrZXQtcHJlZGljdGlvbi1tYXJrZXQtZGF0YS1mb3ItZWxlY3Rpb24taW5zaWdodHM_bGlkPThlMG90M3FiM210Y1cDc3BjQgpmz_6o0WZqS1N7Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)!   CMC NARRATIVES: AI AI tokens outperformed: The top 10 gained an average of +14.1%, fueled by Nvidia’s upcoming Q2 earnings. Major gainers: Artificial Superintelligence Alliance (+47.2%) and Render (+34.9%) lead while the broader crypto market dipped -2%. Nvidia’s earnings: Consistent beats have AI token holders optimistic, but a miss could trigger a quick retrace. August struggles: Despite the AI pump, this August could end up as one of the worst closes for the crypto market in years... [Continue Reading.](~/AAQRxQA~/RgRotC3-P0SIaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvd2Vlay1pbi1haS1haS10b2tlbnMtc3VyZ2UtYXMtbWFya2V0LWZhbGxzLSVFMiU4MCU5NC13aGF0cy1kcml2aW5nLXRoaXMtc3VyZ2U_bGlkPWhxb3czM25uYTVtYlcDc3BjQgpmz_6o0WZqS1N7Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) [CMC NARRATIVES: AI](~/AAQRxQA~/RgRotC3-P0SIaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvd2Vlay1pbi1haS1haS10b2tlbnMtc3VyZ2UtYXMtbWFya2V0LWZhbGxzLSVFMiU4MCU5NC13aGF0cy1kcml2aW5nLXRoaXMtc3VyZ2U_bGlkPTc2bDFnbXU2ZGc4YVcDc3BjQgpmz_6o0WZqS1N7Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)   Track larger AI trends on CMC Narratives: [Track Narrative](~/AAQRxQA~/RgRotC3-P0Q8aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS92aWV3L2FpLWJpZy1kYXRhLz9saWQ9cWNhZmMzZm9rcmhpVwNzcGNCCmbP_qjRZmpLU3tSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~)   Slower-Than-Expected Bitcoin Adoption Nayib Bukele, El Salvador's Bitcoin-loving president, is also not having a good day. In a candid interview with TIME, he admitted that his country's Bitcoin experiment hasn't quite lived up to the hype. Bukele made waves by declaring Bitcoin a legal tender alongside the U.S. dollar. It was a crypto enthusiast's dream and a traditionalist's nightmare. But fast forward to today, and the on-the-ground reality is a bit different. So what changed? Is Bitcoin not supposed to be a legal tender at all or are other forces in play? Read the[full story](~/AAQRxQA~/RgRotC3-P0R-aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvZWwtc2FsdmFkb3JzLXByZXNpZGVudC1idWtlbGUtYml0Y29pbi1hZG9wdGlvbi1zbG93ZXItdGhhbi1leHBlY3RlZD9saWQ9d3M1NHpnMzh2dDViVwNzcGNCCmbP_qjRZmpLU3tSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~)!   Crypto Scammers Are Back! Chainalysis just announced that scammers are evolving faster than ever, opting for quick hits over long cons. Gone are the days of elaborate, year-long schemes. Today's crypto criminals are all about "many smaller, simultaneous campaigns." The most alarming trend? The lifespan of these scams has dipped from 271 days in 2020 to a mere 42 days this year. "Pig-butchering" scams are still the big money-makers. These are the long-game cons where criminals build relationships before going for the kill. And they're getting more sophisticated, with many using brand new digital wallets for each scam. But what exactly is it? Read the [full story](~/AAQRxQA~/RgRotC3-P0R8aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvY2hhaW5hbHlzaXMtY3J5cHRvLXNjYW1tZXJzLXRhcmdldGluZy1zaG9ydGVyLW1vcmUtbHVjcmF0aXZlLWNvbnM_bGlkPXBtMjZzemszYWt3dFcDc3BjQgpmz_6o0WZqS1N7Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)!   And that's it for today. See you next week!   [Apple Store](~/AAQRxQA~/RgRotC3-P0Q6aHR0cHM6Ly9hcHBzLmFwcGxlLmNvbS9hcHAvY29pbm1hcmtldGNhcC9pZDEyODIxMDcwOTg_bHM9MVcDc3BjQgpmz_6o0WZqS1N7Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) [Google Play](~/AAQRxQA~/RgRotC3-P0RQaHR0cHM6Ly9wbGF5Lmdvb2dsZS5jb20vc3RvcmUvYXBwcy9kZXRhaWxzP2lkPWNvbS5jb2lubWFya2V0Y2FwLmFuZHJvaWQmaGw9ZW5fVVNXA3NwY0IKZs_-qNFmaktTe1IbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) [Twitter](~/AAQRxQA~/RgRotC3-P0QyaHR0cHM6Ly90d2l0dGVyLmNvbS9Db2luTWFya2V0Q2FwP2xpZD01Mmpxc2FtMHFsNTVXA3NwY0IKZs_-qNFmaktTe1IbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) [Telegram](~/AAQRxQA~/RgRotC3-P0QraHR0cHM6Ly90Lm1lL0NvaW5NYXJrZXRDYXA_bGlkPXN2Z3R4ZGNiODd1c1cDc3BjQgpmz_6o0WZqS1N7Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) [Facebook](~/AAQRxQA~/RgRotC3-P0Q3aHR0cHM6Ly93d3cuZmFjZWJvb2suY29tL0NvaW5NYXJrZXRDYXA_bGlkPXB0dGFreGV4OGtieFcDc3BjQgpmz_6o0WZqS1N7Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) [Instagram](~/AAQRxQA~/RgRotC3-P0Q5aHR0cHM6Ly93d3cuaW5zdGFncmFtLmNvbS9jb2lubWFya2V0Y2FwLz9saWQ9bTgxdWlkZmt0dm52VwNzcGNCCmbP_qjRZmpLU3tSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) [LinkedIn](~/AAQRxQA~/RgRotC3-P0RAaHR0cHM6Ly93d3cubGlua2VkaW4uY29tL2NvbXBhbnkvY29pbm1hcmtldGNhcC8_bGlkPXpxYjlyaGI1OHRralcDc3BjQgpmz_6o0WZqS1N7Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) DISCLAIMER: Please be aware that CoinMarketCap is NOT a cryptocurrency exchange and does NOT facilitate the buying, selling, withdrawal or trading of crypto/token assets. 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