Spain’s Biggest Bank Enters Crypto Trading, Snorter Token Attracts Attention

Bitcoin's volatility is expected to increase following today's Federal Open Market Committee (FOMC) meeting, but analysts suggest that this won't lead to a significant directional shift in the market. Instead, it indicates that Bitcoin may continue to trade within its current range for the next few days. This is important for investors as it suggests a period of stability amidst the usual fluctuations in the cryptocurrency market.

The Ethereum unstaking queue has surged dramatically, with nearly $12 billion in ETH waiting to be withdrawn. This surge is significant as many investors may choose to sell their holdings to secure profits after Ether's impressive 100% gains over the past year. This trend could influence the ETH price, making it a crucial moment for both investors and the broader cryptocurrency market.

Experts are optimistic about Bitcoin's future, with predictions suggesting it could reach $1 million by 2030. This optimism is fueled by Bitcoin's impressive return of 188 million percent since 2010 and the increasing acceptance of digital assets by governments worldwide. However, the key question remains whether the Bitcoin blockchain can support its rising popularity. As the cryptocurrency landscape evolves, Bitcoin Hyper's Layer 2 solution may play a crucial role in facilitating this growth, making it an exciting time for investors and enthusiasts alike.

Ethereum is showing strong signs of growth, currently trading above $4,500, with analysts predicting a potential rise to $6,000. This bullish outlook is supported by positive on-chain data and technical indicators, making it an exciting time for investors. As Ethereum continues to gain traction, its performance could significantly impact the broader cryptocurrency market, attracting more attention and investment.

LMAX Group has made a significant move into the crypto derivatives market by launching 100x leveraged perpetual futures for institutional investors. This launch comes in response to a growing demand for advanced trading tools in the cryptocurrency space, highlighting the increasing interest from institutional players. It's an exciting development that could enhance trading strategies and liquidity in the market.

A recent report from Fidelity Digital Assets predicts that by 2032, 8.3 million Bitcoin could be classified as illiquid, representing about 42% of the total supply. This shift in liquidity could lead to significant price appreciation for Bitcoin, making it an exciting prospect for investors. Understanding these trends is crucial as they can influence market dynamics and investment strategies in the cryptocurrency space.

According to on-chain analytics firm Glassnode, the Bitcoin price trend remains positive as long as it stays above the short-term holder cost basis. This metric, known as the Realized Price, reflects the average cost basis of Bitcoin investors. Maintaining this level is crucial for investor confidence and market stability, indicating that the asset is still in a healthy position.

Ethereum is currently facing significant challenges as its price has dipped below $4,620, raising concerns about further losses if it doesn't recover above $4,580. This bearish trend is crucial for investors to watch, as a sustained decline could impact market confidence and trading strategies. The potential for a rebound exists if Ethereum can break through these resistance levels, making it a pivotal moment for the cryptocurrency.

As the Federal Reserve prepares to announce its policy on September 17, trader Nik Patel has shared a detailed strategy for trading Bitcoin. In his latest Market Outlook, he outlines key resistance and support levels, suggesting that Bitcoin's price will likely fluctuate between $117.5k and $120k for resistance, with a critical support level at $112k. This analysis is crucial for traders looking to navigate the market during this pivotal time.

In today's Asia Morning Briefing, traders in the Bitcoin market are preparing for potential interest rate cuts from the Federal Reserve, which could significantly impact liquidity. With a staggering $4.5 billion in liquidity tests on the horizon, market participants are closely monitoring these developments. This situation is crucial as it could influence trading strategies and market stability, making it essential for investors to stay informed.

Dan Morehead, the CEO of Pantera Capital, recently shared his optimistic outlook on Bitcoin, predicting it could reach $750,000 by 2030. He emphasized that Bitcoin currently represents a small fraction of global wealth and has a history of significant annual growth. This projection is important as it highlights the potential for cryptocurrency investments to grow substantially, attracting both new and seasoned investors to the market.

Bitcoin's price is showing strong potential to reach $120,000 this Wednesday, driven by significant withdrawals from centralized exchanges, inflows from spot ETFs, and its growing reputation as a reliable financial hedge. This surge is noteworthy as it reflects increasing confidence in Bitcoin's stability and utility in the financial market.

REX Shares has generated excitement in the crypto world by announcing the anticipated approval of its Dogecoin and XRP exchange-traded funds (ETFs) by the US SEC. Set to launch on September 18, these ETFs, named REX-Osprey XRP ETF and REX-Osprey DOGE ETF, are expected to attract significant investor interest, potentially boosting the market for these cryptocurrencies. This development is crucial as it could pave the way for more institutional investment in the crypto space, signaling a growing acceptance of digital assets in mainstream finance.

Nakamoto, led by David Bailey, is moving forward with plans to acquire BTC Inc in an all-stock deal after successfully completing the company's audit. This acquisition is significant as it highlights Nakamoto's growth strategy and confidence in BTC Inc's potential, which could lead to exciting developments in the cryptocurrency sector.

P2P.org has officially become a validator on the $4 trillion Canton Network, marking a significant milestone in the evolution of institutional blockchain infrastructure. This development highlights the growing acceptance and integration of blockchain technology in mainstream finance, which could lead to more secure and efficient transactions in the future.

Bitcoin's volatility is expected to increase following today's Federal Open Market Committee (FOMC) meeting, but analysts suggest that this won't lead to a significant directional shift in the market. Instead, it indicates that Bitcoin may continue to trade within its current range for the next few days. This is important for investors as it suggests a period of stability amidst the usual fluctuations in the cryptocurrency market.

Tokyo's Metaplanet has launched a new subsidiary in Miami aimed at enhancing Bitcoin income opportunities. This move is significant as it reflects the growing interest in cryptocurrency and the expansion of blockchain technology into new markets. By establishing a presence in Miami, Metaplanet is positioning itself to tap into the vibrant tech scene and attract investors, which could lead to increased innovation and economic growth in the region.

Uphold, a digital financial service platform, has revealed that it holds a staggering 1.59 billion XRP, which is entirely owned by its customers. This announcement from CEO Simon McLoughlin has surprised the crypto community, as it clarifies misconceptions about the ownership of these tokens. This transparency is significant as it reinforces trust in Uphold and highlights the importance of customer ownership in the cryptocurrency space.