- Market Commentary: On September 2, Bitcoin moved higher amid volatility, reaching a peak of $109,700 and briefly breaking above the $110,300 mark. Ethereum stabilized after a pullback and is currently consolidating within the $4,350–$4,380 range.
- Trending Tokens: JELLYJELLY surged 30.25% in 24 hours, driven by application expectations and capital inflows. ELA gained 22.63%, supported by the development of the Bitcoin-backed stablecoin ecosystem. ESPORTS rose 21.42% as multiple exchange listings improved liquidity.
- Alpha Insights: The market cap of gold-backed tokens surpassed $2.57 billion, reflecting increased safe-haven demand. Dogecoin traded in the $0.21–$0.22 range, with institutional trading volume exceeding 800 million DOGE. The Solana community approved the Alpenglow upgrade proposal, marking a comprehensive restructuring of its consensus, economic, and security models.
Discover more today → Gate Research: Solana Undergoes Historic Restructuring ｜ Bitcoin Edges Higher Amid Volatility
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Gate Team
September 2, 2025
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