BTC Surges 9%
Bitcoin rallied 8.86% over the week, nearing $80,000 as ETF inflows reached $336 million. Ethereum also surged, breaking $2,500 with record ETF inflows. Other notable movers included Solana, up 10.92%, and Zcash, which hit an 8-year high above $850. The overall market sentiment was positive, driven by strong demand for Bitcoin and Ethereum. Notable stories included the launch of ATLAS exchange infrastructure on LayerZero, which rallied 30%, and the SEC's proposal for Regulation Crypto Assets. XRP also saw significant inflows, with its market cap rising $44 billion. However, the week was not without its challenges, as several tokens, including AVICI and KII, suffered significant losses due to hacks and exploits. Overall, the week's market moves were driven by a combination of factors, including strong demand, regulatory developments, and security concerns. Not financial advice · DYOR
Market overview
Total crypto market cap stands at $2.36T on $121.31B of 24h volume. BTC dominance is +58.79% and the Fear & Greed index reads 62 — Greed.
Signal performance
Over the past week, 718 signals reached a target, averaging +5.91% profit and +8.35% peak.
Headlines
- Crypto Card Hack Drains $1.1 Million and Sends AVICI Token to Record LowCoin Central · Aug 30
AVICI token crashes after $1.1 million hack.
- Bitcoin Just Erased 3 Months of Losses in One Week — Here’s WhyCoinmonks · Aug 31
Bitcoin erases 3 months of losses
- $1.1M Crypto Card Exploit Crashes AVICI Token 49% as Solana Contract Vulnerability ExposedBlockonomi · Aug 30
AVICI token crashes 49% after hack.
- Nvidia (NVDA) Stock Rises After Earnings Beat and 70% Growth Forecast for 2028Coin Central · Aug 30
Nvidia reports Q2 revenue of $96.2B
- A $1.1 million crypto card hack crashed a neobank's token 49%CoinDesk · Aug 29
Crypto card hack crashes neobank's token 49%