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Bitcoin To Hit 64K? 🤔

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coinmarketcap.com

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spotlight@newsletters.coinmarketcap.com

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Mon, Sep 2, 2024 11:12 AM

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Explore the latest industry news, insightful data, and exciting updates from CoinMarketCap. ͏ ?

Explore the latest industry news, insightful data, and exciting updates from CoinMarketCap. ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌       [CoinMarketCap Logo](~/AAQRxQA~/RgRouCKuP0QraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS8_bGlkPTdxeTA1NXNqM2dhcVcDc3BjQgpmz66d1WY5MF8eUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) Data as of: 02 Sep 2024 11:10 UTC Bitcoin's September stumble is right on schedule. The crypto king kicked off the month with a 2% dip, now hovering around $58,000. August wasn't kind either, closing 8.6% down. So much for the usual 1.75% monthly gain. But hold on, not all hope is lost. Some analysts are eyeing the mid-$60,000 range as a short-term target. A classic case of delulu or do they have something to base this optimism on? Meanwhile, the derivatives market is giving us the cold shoulder. Funding rates are predicted to stay "negative or low." Seems like even the risk-takers are taking a step back. And with that in mind, we've got a whole collection of news to dig into today. Here's your TLDR: - Bitcoin stumbles into September with a 2% drop. So more dumps incoming? [What](~/AAQRxQA~/RgRouCKuP0R2aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvYml0Y29pbi1mYWNlcy1hLXRvdWdoLXNlcHRlbWJlci1hcy1wcmljZS1kaXBzLXRvLTItd2Vlay1sb3c_bGlkPXpsNWZuNTVqNnd4alcDc3BjQgpmz66d1WY5MF8eUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) do experts think? 📉 - Vitalik shifts millions in ETH. [Is he](~/AAQRxQA~/RgRouCKuP0SFaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvZXRoZXJldW0tY28tZm91bmRlci12aXRhbGlrLWJ1dGVyaW5zLWRvbGxhcjEwbS1ldGgtc2FsZS1zcGFya3Mtc3BlY3VsYXRpb24_bGlkPTVkMm56NDI0c2kwNFcDc3BjQgpmz66d1WY5MF8eUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) selling all his ETH? 🤔 - And we finally know [how much](~/AAQRxQA~/RgRouCKuP0R-aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvdGVsZWdyYW1zLWZpbmFuY2lhbC1zdGF0ZW1lbnQtcmV2ZWFscy1kb2xsYXI0MDBtLWluLWNyeXB0by1ob2xkaW5ncz9saWQ9OWtleTN4a2ZvNGlyVwNzcGNCCmbPrp3VZjkwXx5SG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) revenue Telegram is generating through crypto! 💼 - Coinbase CEO reveals AI crypto traders. But [why](~/AAQRxQA~/RgRouCKuP0SCaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvY29pbmJhc2UtY2VvLWJyaWFuLWFybXN0cm9uZy1leGVjdXRlcy1maXJzdC1haS10by1haS1jcnlwdG8tdHJhbnNhY3Rpb24_bGlkPXUwcHBoN3FhaWM1MVcDc3BjQgpmz66d1WY5MF8eUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) do we need them? 🧠- Solana's meme coin morphs into a real church. Wait, [what](~/AAQRxQA~/RgRouCKuP0SPaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvc29sYW5hLW1lbWUtY29pbi1jaHVyY2gtb2YtdGhlLXNtb2tpbmctY2hpY2tlbi1maXNoLWdvZXMtbm9ucHJvZml0LXBsYW5zLXJlYWwtY2h1cmNoP2xpZD1xM2E0dmN3bTV1azFXA3NwY0IKZs-undVmOTBfHlIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)?? 🤨 Let’s dive in after the market overview! MARKET OVERVIEW GLOBAL MARKET CAP $2.05T ▲0.7% (24h) 24H MARKET VOLUME $61.44B ▲66.89% (24h) BITCOIN’S DOMINANCE 56.22% ▼0.02% (24h) FEAR & GREED INDEX 43 Neutral [Bitcoin] Bitcoin $58,421.28 ▲0.78% (24h) [Ethereum] Ethereum $2,522.33 ▲2.24% (24h) [BNB] BNB $519.37 ▲0.37% (24h) [ALL CRYPTO PRICES/DATA »](~/AAQRxQA~/RgRouCKuP0QraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS8_bGlkPW92azh1ZHBnYzRoYlcDc3BjQgpmz66d1WY5MF8eUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) [TRENDING CRYPTO »](~/AAQRxQA~/RgRouCKuP0RFaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS90cmVuZGluZy1jcnlwdG9jdXJyZW5jaWVzLz9saWQ9NGd4NXUxemJla3FtVwNzcGNCCmbPrp3VZjkwXx5SG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) [NEW LISTINGS ON CMC »](~/AAQRxQA~/RgRouCKuP0QvaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9uZXcvP2xpZD04NG5wZDQwb2ZscHRXA3NwY0IKZs-undVmOTBfHlIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) [TRENDING DEX PAIRS »](~/AAQRxQA~/RgRouCKuP0RAaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9kZXhzY2FuL3RyZW5kaW5nL2FsbC8_bGlkPWRteG1wNWc4dTNxN1cDc3BjQgpmz66d1WY5MF8eUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) TOP GAINERS 24H% [White Yorkshire] [White Yorkshire](~/AAQRxQA~/RgRouCKuP0Q1aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL3doaXRlLXlvcmtzaGlyZS9XA3NwY0IKZs-undVmOTBfHlIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) ▲4486.92% [CATX] [CATX](~/AAQRxQA~/RgRouCKuP0QqaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL2NhdHgvVwNzcGNCCmbPrp3VZjkwXx5SG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) ▲1605.34% [Ton Inu] [Ton Inu](~/AAQRxQA~/RgRouCKuP0QtaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL3Rvbi1pbnUvVwNzcGNCCmbPrp3VZjkwXx5SG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) ▲1286.39% TOP LOSERS 24H% [Catgirl] [Catgirl](~/AAQRxQA~/RgRouCKuP0QtaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL2NhdGdpcmwvVwNzcGNCCmbPrp3VZjkwXx5SG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) ▼95.44% [DOGO] [DOGO](~/AAQRxQA~/RgRouCKuP0QqaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL2RvZ28vVwNzcGNCCmbPrp3VZjkwXx5SG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) ▼92.8% [Wegie] [Wegie](~/AAQRxQA~/RgRouCKuP0QraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL3dlZ2llL1cDc3BjQgpmz66d1WY5MF8eUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▼91.79%   Bitcoin's September Blues The OG crypto can’t catch a break! It kicked off September with a stumble, dropping over 2% to $57,273. August wasn't kind to Bitcoin either, ending down 8.6%. That's far from its usual 1.75% monthly gain. And now we're in September, historically Bitcoin's least favorite month, with an average 4.5% loss. The CoinGlass liquidation heatmap looks like a bearish fireworks display, with potential short liquidations stretching up to $64,000. Traders are betting on more downside, but a price jump could trigger a short squeeze. So more dumps incoming? What do experts think? Read the [full story](~/AAQRxQA~/RgRouCKuP0R2aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvYml0Y29pbi1mYWNlcy1hLXRvdWdoLXNlcHRlbWJlci1hcy1wcmljZS1kaXBzLXRvLTItd2Vlay1sb3c_bGlkPXNhNnRuOXFuNnp4cFcDc3BjQgpmz66d1WY5MF8eUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)!   CMC LABS: Vultisig goes Real World (KBW) [CMC LABS: Vultisig goes Real World (KBW)](~/AAQRxQA~/RgRouCKuP0QnaHR0cHM6Ly94LmNvbS92dWx0aXNpZz9saWQ9OWV3eGN0dTJ1djYwVwNzcGNCCmbPrp3VZjkwXx5SG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) The latest seedless multi-factor wallet will be showcased at the upcoming Korea Blockchain Week and Token2049 events. The Vultisig team will have a booth at both events and will be waiting for you to show and explain the new seedless wallet standard. You will also be able to get your hands on the long awaited and infamous WEWE Shades. Find Vultisig at 'Korea Blockchain Week: Booth Nr. 9' and 'Token2049: Booth Nr. M232' Don't miss the opportunity to say hello. [Find Out More](~/AAQRxQA~/RgRouCKuP0QnaHR0cHM6Ly94LmNvbS92dWx0aXNpZz9saWQ9b2gxb2dpNTZrZmhtVwNzcGNCCmbPrp3VZjkwXx5SG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~)   Vitalik's $10M ETH Move Vitalik Buterin just made waves with a $10 million ETH transfer to exchange-linked wallets. Arkham Intelligence's data paints an even bigger picture: Since 2015, Buterin's address has seen 422,000 ETH ($1.04 billion) flow out. In the last two years alone, that number's jumped to 840,000 ETH. With ETH trading 180% above its 2022 low, speculations are running wild. Is Vitalik cashing out? Not so fast, says the man himself. Buterin took to social media to set the record straight: He hasn't sold ETH for profit since 2018. So what about these transfers? Where’s all this money going? Read the [full story](~/AAQRxQA~/RgRouCKuP0SFaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvZXRoZXJldW0tY28tZm91bmRlci12aXRhbGlrLWJ1dGVyaW5zLWRvbGxhcjEwbS1ldGgtc2FsZS1zcGFya3Mtc3BlY3VsYXRpb24_bGlkPTlrbjRhbnJpcGduYVcDc3BjQgpmz66d1WY5MF8eUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)!   We Know About Telegram's Crypto Stash! Telegram's got more than just messages in its vault. Turns out the messaging giant was sitting at $400 million in crypto at the end of 2023. This detail comes from Telegram's 2023 financial statement, surfacing right as CEO Pavel Durov's arrest. Telegram raked in $342.5 million in revenue last year, but still ended up $108 million in the red. The interesting part? About 40% of that revenue came from crypto-related activities. But how did they generate revenue through crypto? Read the [full story](~/AAQRxQA~/RgRouCKuP0R-aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvdGVsZWdyYW1zLWZpbmFuY2lhbC1zdGF0ZW1lbnQtcmV2ZWFscy1kb2xsYXI0MDBtLWluLWNyeXB0by1ob2xkaW5ncz9saWQ9c205d3E5dDJwdjYzVwNzcGNCCmbPrp3VZjkwXx5SG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~)!   [CMC Live: Is Cardano's Best Still To Come?](~/AAQRxQA~/RgRouCKuP0REaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jb21tdW5pdHkvcG9zdC8zMzkyNDQzNjEvP2xpZD0xZ3UzOHl3em5seGlXA3NwY0IKZs-undVmOTBfHlIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) Monday, 2 Sep on 1PM UTC CMC-Community Live: Is Cardano's Best Still To Come? Join us as we discuss Cardano's ongoing developments, the upcoming Cardano Summit in Dubai, and more! [Tune In Soon](~/AAQRxQA~/RgRouCKuP0REaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jb21tdW5pdHkvcG9zdC8zMzkyNDQzNjEvP2xpZD1nOHlwcTJtOWl2N3BXA3NwY0IKZs-undVmOTBfHlIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)   CMC-Community Live: Weekly Crypto Forecast Join CMC's Research Lead, Alice, as she shares crucial insights for the upcoming week ahead. [Join Us Today](~/AAQRxQA~/RgRouCKuP0REaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jb21tdW5pdHkvcG9zdC8zMzkzOTE1NjIvP2xpZD11eXlmeXNwdDJ0NWRXA3NwY0IKZs-undVmOTBfHlIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) [CMC Live: Weekly Crypto Forecast](~/AAQRxQA~/RgRouCKuP0REaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jb21tdW5pdHkvcG9zdC8zMzkzOTE1NjIvP2xpZD0xOXd3NXRzbDZuN2pXA3NwY0IKZs-undVmOTBfHlIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) Monday, 2 Sep on 3PM UTC   Digital Money Bots Are Here! Coinbase CEO Brian Armstrong has managed to get AI agents to trade crypto with each other. One AI bot used crypto tokens to buy more AI tokens from another bot. It's not just moving money; it's AI evolving through transactions. But why is this a big deal? Well, AI's been hitting a wall when it comes to real-world tasks. Booking flights? Nope. Hotel reservations? No dice. Paid social media promotions? Not a chance. The problem? They can't handle transactions. Armstrong's solution? Crypto wallets for AI. "AI agents cannot get bank accounts, but they can get crypto wallets," he points out. Anyway, these digital money bots can now use USDC on Coinbase's Base network to deal with humans, businesses, and even other AIs. But what’s the significance of it? How can it help crypto as a whole? Read the [full story](~/AAQRxQA~/RgRouCKuP0SCaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvY29pbmJhc2UtY2VvLWJyaWFuLWFybXN0cm9uZy1leGVjdXRlcy1maXJzdC1haS10by1haS1jcnlwdG8tdHJhbnNhY3Rpb24_bGlkPWJpZ2gxY2R3ZDhjbFcDc3BjQgpmz66d1WY5MF8eUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)!   Solana's Chicken Fish Church Goes Legit The Church of the Smoking Chicken Fish (SCF) is taking its meme game to the next level. This Solana-based meme coin is now a bona fide nonprofit, with plans to build an actual church in Marfa, Texas. Pastor Kelby, the mastermind behind SCF, has lined up $130,000 from "whales" to buy real estate. Talk about faith moving mountains – or at least, buying land. But why is it going mainstream all of a sudden? And do they have the kind of community support to make them legit? Read the [full story](~/AAQRxQA~/RgRouCKuP0SPaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvc29sYW5hLW1lbWUtY29pbi1jaHVyY2gtb2YtdGhlLXNtb2tpbmctY2hpY2tlbi1maXNoLWdvZXMtbm9ucHJvZml0LXBsYW5zLXJlYWwtY2h1cmNoP2xpZD13NmQzZnB6cWVwZ3RXA3NwY0IKZs-undVmOTBfHlIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)!   And that's it for today. 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