With the, apparently coincidental, four-year anniversary of the last big tightening coming up this month, expect the next move by authorities to be a change of heart, a relaxation
Meanwhile, roughly $300 million in crypto positions were liquidated over the past 24 hours, led by Ethereum at $97 million and Bitcoin at $54 million
Activity in the DeFi space also remained robust, with year-to-date lending volumes rising sharply, signaling deeper integration between traditional and blockchain-based finance, said analysts
Market analysts attributed the renewed bullish sentiment to significant inflows into spot Bitcoin ETFs, which registered $333 million in net investments in a single day
Ethereum, on the other hand, is lagging slightly but sits at a key breakout point, holding $4,300 support and now retesting its descending trendline
India is expected to sign the Multilateral Competent Authority Agreement (MCAA), a global framework for automatic exchange of tax information next year, he said
Caution dominated trading activity, amplified by Wall Street's closure for the Labor Day holiday and concerns over a BTC whale potentially divesting another billion-dollar tranche of BTC
Speaking to a global audience of investors and industry leaders, Back predicted that in the near future, most companies will hold Bitcoin as a central part of their treasury strategy
Analysts suggest the market may be gradually moving past recent sell-side pressure
Historical trends suggest September tends to be bearish during bull market years, prompting analysts to urge caution
The surge was further fuelled by strong inflows into US spot Ethereum ETFs and strategic buying by corporate treasuries
While bulls are attempting to trigger a recovery, analysts believe that bearish sentiment still dominates the broader crypto market
Ethereum (ETH) is showing early signs of short-term bullish momentum on the 1-hour timeframe, supported by a 20/50 EMA bullish crossover
Sixty per cent of respondents expressed positive sentiment towards crypto investments, while 20 per cent felt negative and another 20 per cent remained neutral
The market analysts, however, remain optimistic, suggesting that ongoing macroeconomic factors point toward a potential trend reversal
Zettai said 95.7 per cent of WazirX creditors backed its revised scheme, covering $206.9 million in claims, with redistribution of assets pending Singapore court approval
Bitcoin price today: The world's largest crypto-asset by market capitalisation rose as much as 1.27 per cent to $124,514.57 on Thursday
This bullish momentum comes on the heels of US President Donald Trump signing an executive order to expand 401(k) access to alternative assets, aiming to improve returns and diversification
The court has also ordered the company to disclose details of the ongoing restructuring proceedings before the Singapore High Court, as per its order dated August 5
Bitcoin's market dominance declined to approximately 60 per cent, while Ethereum's share surpassed 11.8 per cent, indicating a notable shift in asset allocation within the cryptocurrency market