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Weekly Market Review & Outlook 0906
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Weekly Market Review & Outlook 0906

Gate Research Weekly Market Review and Outlook: This week, BTC and ETH entered a consolidation phase, with short positions dominating the market. The "September Sell-off" sentiment has dampened market participants' outlook. Despite this, a few sectors—notably Privacy and Yield Farming—attracted capital inflows. Ethervista demonstrated robust trading volume, while Polygon's token upgrade sparked community interest. Unfortunately, Penpie fell victim to an attack, with the perpetrator exploiting a validation vulnerability to steal crypto assets. Looking ahead, upcoming token unlocks and macroeconomic data releases are poised to shape market trends next week.
9/6/2024, 3:03:51 AM
Gate Research: Bitcoin Rebound Boosts General Rise in the Inscription and Other Sectors; Pendle eBTC Yield Leads the Market
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Gate Research: Bitcoin Rebound Boosts General Rise in the Inscription and Other Sectors; Pendle eBTC Yield Leads the Market

Gate Research Daily Report: September 3, Bitcoin's price rebounded to around $59,000 after hitting a low of $57,129. Meanwhile, Ethereum found support after dropping to approximately $2,400, climbing back to around $2,500. Altcoins have started to recover in the past 24 hours, following BTC's price movements, with significant gains seen in sectors like BTC Ordinals, Solana Memes, and Yield Farming. Pendle's eBTC has surpassed $15 million in total value locked (TVL), making it the highest-yielding BTC staking project among those with TVL exceeding $1 million. Additionally, four projects publicly announced funding rounds, with the highest disclosed amount being $6 million, covering sectors such as AI, DeFi, stablecoins, and Ethereum Layer 2.
9/4/2024, 3:13:10 AM

Your Gateway to Crypto World, Subscribe to Gate for A New Perspective

Your Gateway to Crypto World, Subscribe to Gate for A New Perspective