Crypto Market Recap of the Past Week
In the second week of September, Bitcoin (BTC) saw a significant recovery, rising from $54,600 to a peak of $60,600, marking a 6.7% increase. It is currently trading around $58,700.
BTC’s recovery was supported by buying activity from ETFs returning to the market and large institutional investors like MicroStrategy.
Along with Bitcoin’s rebound, Altcoins also benefited, showing impressive growth after a challenging period in late August and early September.
Top 10 Best-Performing Coins Last Week
Top 10 Worst-Performing Coins Last Week
Top News Highlights
- Friend.tech Team Relinquishes Control, Project on Verge of Shutting Down
- OKX and Binance announce the listing of Catizen (CATI) on spot trading.
- Catizen mini-app becomes the top revenue generator on Telegram.
- Singapore launches an investigation into the sale of Worldcoin accounts.
- Ethereum CEO Vitalik Buterin continues to sell off large amounts of ETH.
- Binance lists Hamster Kombat on Binance Launchpool.
Token Unlock Schedule This Week
Here are some projects unlocking tokens this week that you should pay attention to:
- $ARB (2.65%) – $48.01 million
- $ID (18.23%) – $26.93 million
- $APE (2.31%) – $11.47 million
- $LISTA (12.31%) – $8.44 million
- $PIXEL (7.05%) – $7.29 million
- $PRIME (1.62%) – $5.87 million
- $ENA (0.78%) – $3.11 million
Macro News for This Week
This week, we are awaiting a critical announcement:
- At 18:00 on September 18 (Wednesday), the Federal Open Market Committee (FOMC) will announce its decision on interest rates. A 0.25% rate increase is expected. If the results meet expectations, it would be a positive signal for the USD.
- At the same time, the FOMC will release its economic forecast. This is crucial information to follow, as it will give insights into the overall economic situation and the Fed’s interest rate direction in the coming months.
