BTC Eyes 110K, Brazil Shares Its X-it Strategy

Explore the latest industry news, insightful data, and exciting updates from CoinMarketCap. ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌       [CoinMarketCap Logo](~/AAQRxQA~/RgRouXqgP0QraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS8_bGlkPTlqcHc5eGtscXJyalcDc3BjQgpmz6D11mYx_2g1Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) Data as of: 03 Sep 2024 11:35 UTC Prices stuck, but analysts see silver linings Crypto's in a strange place right now. Prices are frozen solid, but analysts are still painting rosy pictures. Meanwhile, everyone's buzzing about rate cuts. But plot twist – they might not give crypto the jolt we're all expecting this time around. The entire crypto space is on pins and needles, itching for that breakout moment. But don't let the suspense get to you. We're here to serve up today's hottest crypto news. And here's the TLDR: - Bitcoin's aiming for a $110K target by 2025. But [what’s turning](~/AAQRxQA~/RgRouXqgP0SQaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvYW5hbHlzdHMtYml0Y29pbi10by1kb2xsYXIxMTBrLXN0aWxsLW9uLXRyYWNrLWJ1dC1jb3VsZC1zZWUtZGlwLWJlbG93LWRvbGxhcjQway1maXJzdD9saWQ9ejBlc29xaWl1ZHp3VwNzcGNCCmbPoPXWZjH_aDVSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) all analysts so bullish all of a sudden? 🚀 - Ethereum's revenue plummeted by 99% since March. [Did](~/AAQRxQA~/RgRouXqgP0R5aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvZXRoZXJldW0tbWFpbm5ldC1yZXZlbnVlLXBsdW5nZXMtOTlwZXJjZW50LXBvc3QtZGVuY3VuLXVwZ3JhZGU_bGlkPXQ5M29oaDJvdjB3NVcDc3BjQgpmz6D11mYx_2g1Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) the Dencun upgrade do more harm than good? 📉 - Trump's playing the crypto card, but his economic plans raise questions. [What’s](~/AAQRxQA~/RgRouXqgP0SLaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvdHJ1bXBzLWNyeXB0by1zdXBwb3J0LWNvbWVzLXdpdGgtZWNvbm9taWMtcG9saWNpZXMtdGhhdC1taWdodC1zdXJwcmlzZS1hZHZvY2F0ZXM_bGlkPWY0cDNnaWsyMDRnMFcDc3BjQgpmz6D11mYx_2g1Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)going on? 🤨 - Crypto investment products just lost $305M. [Why](~/AAQRxQA~/RgRouXqgP0SUaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvY3J5cHRvLWludmVzdG1lbnQtcHJvZHVjdHMtc2VlLWRvbGxhcjMwNS1taWxsaW9uLWluLW91dGZsb3dzLWFtaWQtc3Ryb25nLXVzLWVjb25vbWljLWRhdGE_bGlkPTJlamtybTQycGZmMFcDc3BjQgpmz6D11mYx_2g1Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) is a strong economy affecting crypto prices? 💸 - Brazil's putting X on mute. But why is it [targeting](~/AAQRxQA~/RgRouXqgP0SMaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvYnJhemlsaWFuLXN1cHJlbWUtY291cnQtdXBob2xkcy1zdXNwZW5zaW9uLW9mLXgtZm9sbG93aW5nLXRlbnNpb25zLXdpdGgtZWxvbi1tdXNrP2xpZD1ybDZ3Z3Izeno3ZXVXA3NwY0IKZs-g9dZmMf9oNVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) X out of all social media platforms? 🤐 Let’s dive in after the market overview! MARKET OVERVIEW GLOBAL MARKET CAP $2.07T ▲0.5% (24h) 24H MARKET VOLUME $50.62B ▼17.98% (24h) BITCOIN’S DOMINANCE 56.37% ▲0.1% (24h) FEAR & GREED INDEX 47 Neutral [Bitcoin] Bitcoin $59,068.95 ▲0.74% (24h) [Ethereum] Ethereum $2,507.88 ▼0.77% (24h) [BNB] BNB $534.5 ▲2.65% (24h) [ALL CRYPTO PRICES/DATA »](~/AAQRxQA~/RgRouXqgP0QraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS8_bGlkPW4zbmQwdHNhbHR5a1cDc3BjQgpmz6D11mYx_2g1Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) [TRENDING CRYPTO »](~/AAQRxQA~/RgRouXqgP0RFaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS90cmVuZGluZy1jcnlwdG9jdXJyZW5jaWVzLz9saWQ9MW9xMGFpeW0yZGt6VwNzcGNCCmbPoPXWZjH_aDVSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) [NEW LISTINGS ON CMC »](~/AAQRxQA~/RgRouXqgP0QvaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9uZXcvP2xpZD10YXNwMHVsM3dja3NXA3NwY0IKZs-g9dZmMf9oNVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) [TRENDING DEX PAIRS »](~/AAQRxQA~/RgRouXqgP0RAaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9kZXhzY2FuL3RyZW5kaW5nL2FsbC8_bGlkPThjc2ttZDF1YzFhb1cDc3BjQgpmz6D11mYx_2g1Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) TOP GAINERS 24H% [Router Protocol] [Router Protocol](~/AAQRxQA~/RgRouXqgP0Q1aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL3JvdXRlci1wcm90b2NvbC9XA3NwY0IKZs-g9dZmMf9oNVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) ▲1406.77% [Wegie] [Wegie](~/AAQRxQA~/RgRouXqgP0QraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL3dlZ2llL1cDc3BjQgpmz6D11mYx_2g1Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▲1329.16% [DOGO] [DOGO](~/AAQRxQA~/RgRouXqgP0QqaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL2RvZ28vVwNzcGNCCmbPoPXWZjH_aDVSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) ▲1110.08% TOP LOSERS 24H% [Royal Finance Coin] [Royal Finance Coin](~/AAQRxQA~/RgRouXqgP0Q4aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL3JveWFsLWZpbmFuY2UtY29pbi9XA3NwY0IKZs-g9dZmMf9oNVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) ▼99.96% [Ton Inu] [Ton Inu](~/AAQRxQA~/RgRouXqgP0QtaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL3Rvbi1pbnUvVwNzcGNCCmbPoPXWZjH_aDVSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) ▼95.52% [Sun Tzu] [Sun Tzu](~/AAQRxQA~/RgRouXqgP0QyaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL3N1bi10enUtdHJvbi9XA3NwY0IKZs-g9dZmMf9oNVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) ▼91.56%   Bitcoin's $110K Odyssey Bitcoin's eyeing a $110,000 price tag by 2025, but it might take a detour through bear country first. That's the word from crypto analysts who've been staring at charts. The bullish camp's all excited about a "Cup and Handle" pattern (a TA’s version of reading tea leaves, but with a better track record). Titan of Crypto's betting on a breakout that could send BTC to $110K by Q1 2025. But what’s turning all analysts so bullish all of a sudden? Read the [full story](~/AAQRxQA~/RgRouXqgP0SQaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvYW5hbHlzdHMtYml0Y29pbi10by1kb2xsYXIxMTBrLXN0aWxsLW9uLXRyYWNrLWJ1dC1jb3VsZC1zZWUtZGlwLWJlbG93LWRvbGxhcjQway1maXJzdD9saWQ9d2ZucGNzOG0yeWJiVwNzcGNCCmbPoPXWZjH_aDVSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~)!   CMC NARRATIVE: MEME COIN [CMC LABS: Vultisig goes Real World (KBW)](~/AAQRxQA~/RgRouXqgP0RuaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvd2Vlay1pbi1tZW1lLWNvaW5zLWRvZ3Mtb3ZlcnJ1bnMtdG9uLXBvbGl0aWZpLXB1bXBzP2xpZD16bXZhaTF1ZXphYzRXA3NwY0IKZs-g9dZmMf9oNVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) TON blockchain faced multiple outages due to DOGS meme coin launch. Meme coin market cap drops to $38.67B, showing a bearish trend. Political meme tokens pump after RFK’s support for Trump and Telegram CEO’s arrest. SUNDOG and Popcat show significant gains amid overall downturn...[continue reading.](~/AAQRxQA~/RgRouXqgP0RuaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvd2Vlay1pbi1tZW1lLWNvaW5zLWRvZ3Mtb3ZlcnJ1bnMtdG9uLXBvbGl0aWZpLXB1bXBzP2xpZD02bjBxZ21haDNqYWpXA3NwY0IKZs-g9dZmMf9oNVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)   Track the larger meme coin trend on CMC: [Track Narrative](~/AAQRxQA~/RgRouXqgP0Q1aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS92aWV3L21lbWVzP2xpZD1mc2hnOTBraWthOTBXA3NwY0IKZs-g9dZmMf9oNVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)   Dencun Upgrade Slashes Revenue by 99% Ethereum's revenue has plummeted 99% since March 2024, despite more users and transactions. Remember March 5, 2024? Ethereum was raking in $35.5 million in daily fees. Fast forward to August 31, and it's scraping by with $566,000. The culprit? The Dencun upgrade. It was supposed to be Ethereum's golden ticket, slashing layer-2 fees. Mission accomplished, but at what cost? Read the [full story](~/AAQRxQA~/RgRouXqgP0R5aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvZXRoZXJldW0tbWFpbm5ldC1yZXZlbnVlLXBsdW5nZXMtOTlwZXJjZW50LXBvc3QtZGVuY3VuLXVwZ3JhZGU_bGlkPXF0eTV0c2hwYm14alcDc3BjQgpmz6D11mYx_2g1Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)!   Trump's Back Again Donald Trump's making the crypto crowd happy, but his economic playbook might have some hodlers scratching their heads. A March poll shows 19% of U.S. voters have dipped their toes into crypto. While Kamala Harris is playing it cool on crypto, Trump's going all-in. He's embracing the "crypto president" label. But here's where it gets tricky. Trump's grand plan to "Make America Manufacture Again" could clash with crypto's deflationary dreams. What does that mean? Read the [full story](~/AAQRxQA~/RgRouXqgP0SLaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvdHJ1bXBzLWNyeXB0by1zdXBwb3J0LWNvbWVzLXdpdGgtZWNvbm9taWMtcG9saWNpZXMtdGhhdC1taWdodC1zdXJwcmlzZS1hZHZvY2F0ZXM_bGlkPTQ2encxdjc3cmN5OVcDc3BjQgpmz6D11mYx_2g1Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)!   PARTNER: REFLEXIVITY RESEARCH [PARTNER: REFLEXIVITY RESEARCH](~/AAQRxQA~/RgRouXqgP0RlaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvcmVmbGV4aXZpdHktcmVzZWFyY2gtYXVndXN0LTIwMjQtaW4tcmV2aWV3P2xpZD0xMHRweHI4anM4OGlXA3NwY0IKZs-g9dZmMf9oNVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) Reflexivity Research's monthly round-up of recently released research content for August. [Read More](~/AAQRxQA~/RgRouXqgP0RlaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvcmVmbGV4aXZpdHktcmVzZWFyY2gtYXVndXN0LTIwMjQtaW4tcmV2aWV3P2xpZD1ocmltNml4ZjJlamVXA3NwY0IKZs-g9dZmMf9oNVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)   Crypto Lost $305M Crypto investment products just took a $305 million hit, and the US economy might be the culprit. CoinShares' latest report paints a picture of digital assets running for the hills as the US economy is getting stronger. The trigger? A PCE report that has inflation watchers on high alert. Inflation is up 0.2% month-over-month and 2.5% year-over-year. This economic plot twist has the Fed rethinking its rate-cut playbook. But why is it all affecting crypto? Read the [full story](~/AAQRxQA~/RgRouXqgP0SUaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvY3J5cHRvLWludmVzdG1lbnQtcHJvZHVjdHMtc2VlLWRvbGxhcjMwNS1taWxsaW9uLWluLW91dGZsb3dzLWFtaWQtc3Ryb25nLXVzLWVjb25vbWljLWRhdGE_bGlkPXN4eWl3aHVoMDRhb1cDc3BjQgpmz6D11mYx_2g1Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)!   Brazil's X-it Strategy Brazil's Supreme Court just hit the mute button on X, and they're not backing down. A panel of justices unanimously backed Justice Alexandre de Moraes' decision to suspend the platform formerly known as Twitter. The drama kicked off when Elon Musk refused to play by Brazil's rules. He wouldn't name a legal rep for X in Brazil, and that didn't sit well with the court. Now, X is in the penalty box until it coughs up over $3 million in fines. The court's also slapping fines of up to 50,000 reais (that's $8,900) on VPN users trying to access X. But why is it targeting X out of all social media platforms? Read the [full story!](~/AAQRxQA~/RgRouXqgP0SMaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvYnJhemlsaWFuLXN1cHJlbWUtY291cnQtdXBob2xkcy1zdXNwZW5zaW9uLW9mLXgtZm9sbG93aW5nLXRlbnNpb25zLXdpdGgtZWxvbi1tdXNrP2xpZD0wdmY4ejZyemY3OGlXA3NwY0IKZs-g9dZmMf9oNVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)   And that's it for today. 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