Crypto Leaping, CPI Creeping: Waiting For Tomorrow's Data

All eyes are awaiting tomorrows inflation data

OVERVIEW

Crypto Leaping, CPI Creeping: Waiting For Tomorrow’s Data

Before we dive in, here’s today’s crypto market heatmap:

Source: Santiment

And here’s a look at crypto’s total and altcoin market cap YTD:

Most bullish/bearish symbols on Stocktwits at the close: 📈 $FET, $AAVE, $ICP, $HNT, $INJ, 📉 $SUI, $TRX, $MKR, $FLOKI, and $DOGE

*If you’re a business and want to access this data via our API, email us.

News In Three Sentences
Bitcoin, Ethereum, And Solana News 🪙 

📊 Bitcoin Spot ETF’s Institutional Backing Breaks Records 

Institutional interest in Bitcoin ETFs is hitting new levels, with over 1,000 institutional shareholders jumping in over two reporting periods. BlackRock’s $IBIT ETF is leading the pack, with major financial players holding 20% of the shares. Analysts say this is just the beginning—expect that number to double as more institutions pile into Bitcoin. X.

🐘 VanEck's Matthew Sigel Isn’t Sweating the U.S. Election’s Impact on Bitcoin 

While Bernstein’s out here claiming the U.S. election could make or break $BTC, VanEck’s Matthew Sigel is calling BS. Sigel says BTC will rally no matter who ends up in the Oval Office, because the real game is about clearing up market uncertainty. CoinGape.

📉 Ethereum Withdrawals Surge as Traders Pull $92M from Derivatives Exchanges 

Over 40,000 $ETH, worth $92 million, has been pulled from derivatives exchanges, signaling a possible retreat from bearish bets. Traders are now holding their ETH instead of dumping it, hinting at some renewed market confidence. Additionally, a crypto whale just flexed by scooping up 5,000 ETH—worth $11.46 million—during the latest dip. blockchainreporter.

STOCKTWITS “TRENDS WITH FRIENDS”
What’s In Store For A Seasonally-Weak September 🧐

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