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Bitcoin’s Bearish September: August Gains Wiped Out

3rd September, 2024, Wyoming

September has arrived and Bitcoin is feeling the heat! BTC had a great August but failed to deliver this month right from the start and lost all its gains. Bitcoin has had a difficult September, and things can be different this year.

Is it just a pullback? Crypto traders are closely studying if it is the beginning of a deeper dive. The sentiment in the market is changing.  Some people are buckled up for the red days, while, others remain optimistic for quick recovery.

The recent dip is more captivating. The regular fluctuations of Bitcoin’s value likely makes the market volatile. As the month is still young, the following weeks will be vitally important in the overall picture of the year.

Will Bitcoin be trading in the green this week again and leave September’s catastrophe behind or will the bears return once again? Many question arises!

Well, for now, it is all about BTC. This could be the big move and if it is traders are ready for what is coming next. Bitcoin’s move up or down in September is still undefined and depends on how it reacts to the break.

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Bittensor $TAO Reaches New High; Market Analysts Predict Continued Uptrend

3rd September 2024,Wyoming

Bittensor (TAO) is all up with a new high of $516, with a 13% jump and surpassing the $500 mark. Over the past month, $TAO’s value has surged pushing its market cap to over $3 billion. The rise is loved with growing excitement around Biitensor’s decentralized AI technology.

Analysts are optimistic about BIttensor’s future. They are predicting that its value could keep rising with the use of AI technology. Market analysts also caution people that future trend depends on continued integration and the market conditions.

 While it has a noticeable uptrend, they are also suggesting that further price changes are shaped by how well the project meets the expectation in evolving AI and crypto sectors.

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Qatar Launches 2024 Digital Assets Framework

3rd September 2024, Wyoming

Qatar just dropped its 2024 Digital Assets Framework, aiming to build a secure and transparent crypto ecosystem. The Qatar Financial Centre (QFC) wants this move to attract both local and global players, setting the stage for a booming financial services sector.

Governor Sheikh Bandar Al Thani called it a big step toward their Third Financial Sector Strategic Plan. Yousuf Mohamed Al-Jaida, QFC’s CEO, hopes this clear, new framework will bring in more fintech and startups. Already, 20+ companies have joined since launching their Digital Assets Lab last year.

Now, companies can apply for licenses to provide token services. Qatar is ready to make waves in the digital finance world!

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Ethereum’s Bumpy Ride: What’s Next After Its Worst Month in 2 Years?

3rd September 2024, Wyoming.

The question that arises now is “What’s cooking after having the toughest month Ethereum?”. The traders and investors are eager to know what is coming. Following a sharp decline in August, the fifth largest crypto coins by market capitalization, is slowly coming back on track. Although, the upcoming events remain unclear.

Can Ethereum gain its foot back, or does the turbulence still lie? Recent setbacks in the Ethereum market have halted numerous issues such as unfavourable market performance, regulatory compliances. Likewise, the ongoing transition from Ethereum 2.0 is still a struggle.

Market analysts are keen on learning about key levels of support. If Ethereum is to rebound, then it needs to find support above the $1,600 mark. But if it goes down further it will continue to drop and this will be very bad for business.

However, many people still have confidence in its long-run growth on the right side of this cryptocurrency due to the advancement and development of Ethereum and its products.

So what now? The next few months will be critical in determining Ethereum’s direction.

Whether it will begin an upward trend or stay in a decline. Like all things crypto-based, the only thing you can be sure of is the fact that one can never be too sure.

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BlockDAG x Inter Milan: Crypto’s Bold New Power Move

BlockDAG just teamed up with Inter Milan, one of the biggest football clubs in Europe. This collab is set to put BlockDAG into tier 1 crypto status, giving it a huge boost in visibility and solidifying its spot among the big names in crypto world.

With over 12.7 billion $BDAG coins sold and $69.3 million raised, BlockDAG is already on fire. Now, with this partnership with such a legendary football club, its going to raise a new high. The fans of both crypto and football can be seen merging together.

This move is certain to bring BlockDAG with a lot of opportunities and spotlight. It will easily be able to expand its community. It might open doors for new collaborations in future.

BNB Whales Eye BlockDAG’s: Skipping Kaspa for a 5500% ROI

3rd September 2024, Wyoming.

The talk of the town now, BNB whales makes a bold move, shifting their focus from Kaspa to BlockDAG.

What could be the possible reason? BlockDAG’s potential of 5500% ROI is already grabbing attention. Despite Kaspa’s popularity, BlockDAG’s innovative structure and scalability represent something bigger. These whales are golden tickets who wish to get the largest return on their investment.

BlockDAGs can handle massive transactions without any hint of draining. In general, the structure of BlockDAG makes it more prompt and secure than typical blockchains, so it will probably expand in the future. Kaspa could still exist as something, but BlockDAG is where smart shits go.

This is not just the latest trend of BNB whales but could be the discovery of the next massive crypto superstar BlockDAG. Ordinary users can benefit from the 5500% ROI potential who invested early.

Amid a fast-moving crypto environment where million-dollar gains and losses can be measured in minutes, BNB whales are putting their money on BlockDAG. And if they’re right, so the rest of the market will just move in the same direction too.

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“Fed Rate Pivot” Can Bring Turbulence on SP500, Bitcoin & Gold

Fed pivot is arriving this September. Probabilities favor a rate cut when the Fed meets on Sep 18, 2024.

Screenshot 2024 09 02 at 8.48.48 PM Bitmala

What happens to SP500, Bitcoin & Gold if the Fed rate cut arrives?

1. SP500

Screenshot 2024 09 02 at 8.52.15 PM Bitmala

SP500 crashed when a rate cut happened in 2000, 2007, and 2019.

2. Bitcoin

Screenshot 2024 09 02 at 8.59.27 PM Bitmala

Bitcoin crashed when a rate cut happened in 2019.

3. Gold

Screenshot 2024 09 02 at 9.02.48 PM Bitmala

Gold crashed when a rate cut happened in 1989, 1995,
Gold rallied when a rate cut happened in 2000, 2007, and 2019.

Now what happens in September?

Based on these charts, SP500 is highly likely to crash when the Fed cuts the rate. But since Bitcoin & Gold are considered “hedging assets”, we can compare $BTC more closely to Gold. And both are likely to rally by the end of September with a Fed rate cut.

What do you think? Will $BTC crash like in 2019 or align with Gold by rallying up?

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Wake Me Up When September Ends: Dogecoin Creator Reacts to Bitcoin Crash

Co-founder of Dogecoin, Billy Markus recently tweeted, ‘Wake me up when September ends’ after Bitcoin touched below $59k. It trended towards around $57k. This tweet gives a perfect feel of what investors are feeling at the moment. They are drained of the volatility in the market and wishing and praying for a better course.

September has not seemed to favor the Bitcoin because it has an average loss of about 6% through history. However, some analyst believe that this may not be as worse as people imagine it to be this time around. Nevertheless, they are convinced that the Bitcoin price may recover and will not decline as is common with most markets in the month of September.

Of course, investors are clearly stressed with this latest trend but many are still holding out for Bitcoin to prove us wrong this month. Who knows? Perhaps, September will not be that bad as it has been for the previous years.

Bitcoin’s Wild Ride: 12% Dip Before a 400-Day Rally?

2nd September 2024, Wyoming. Bitcoin is preparing something intense for few months, having analyzed various projections, which predict a 12% drop soon. But here’s the kicker: this dip might just be the preparation for the largest 400-day rally. Something that might see Bitcoin reaching even greater levels!

Newcomers are quite scared, while those who have been following it for a while are aware of it. Such dips have often been seen previous to large-scale ramping and this might be one such instance. Only if, the level remains around $25,000, Bitcoin remains or begins a series of higher highs from this price floor.

This potential 400-day rally isn’t based on a little blind optimism either. Experts refer to various technical indicators and on-chain trends. They analyse Bitcoin chart and believe it could be entering a long-term bullish phase. Macro factors could also possibly turn in favour of Bitcoin again in the next few months and therefore the coming months could be decisive.

However, it’s the same story with crypto where you have no for sure certainty of winning. This 12% decline could shake off the weak, but for those who are patient enough to buy the dip, this is the perfect time.

In the world of Bitcoin, it’s often the risk-takers who benefit the most. Check the charts—to start with, this may be the beginning of a great process!

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Ethereum Power Surge: Innovation and ETH’s Drive

Great news for Ethereum’s users! Ethereum has witnessed a vast growth number of research team members and expected ETF approvals.

To remain evolving, modernize, and improve its technology, it has to remain updated within the sphere. With the new wave of welcoming Ethereum 2.0, the growth of the Ethereum research team is crucial.

The real tea is that it could be a big thing as has it also created significant interest among institutional investors with the possible approval of Ethereum ETFs. We can imagine the boost of demand and stabilizing the market as traditional investors get easy access to Ethereum through ETFs.

Not only this, but it positions as one of the premier cryptos today! This has played a noteworthy role in the world of Decentralized Finance (DeFi).

Is it fruitful to gain long-term influence? Well, the answer is, it influences Ethereum’s market value and adoption as it gains more ground in the future!

We can say that it is a strategic move to prepare Ethereum for future achievements in terms of scaling and security. And, the approval of the ETF can dramatically affect Ethereum’s accessibility for investors and increase its demand.

Additionally, it can be stated that Ethereum’s expansion is fueled by research and development. ETF approval, which is set to strengthen Ethereum’s position as the market leader in cryptocurrency!!!

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