- Market Commentary: On September 24th, the crypto market showed a weak rebound overall. After falling back to $111,470, BTC slightly rebounded to $112,462. Trading volume decreased, and the rebound momentum remained limited, suggesting cautious buying sentiment. If it can break through and stabilize in the range of $112,800 to $113,000, it is expected to further recover to above $114,500, but if it falls below $111,800, it may accelerate to test the support at $111,000. ETH quickly fell from above $4,500 to $4,067, and currently rebounded to around $4,192. The rebound momentum is still relatively weak. If it breaks through $4,200, it is expected to recover to above $4,300, and if it falls back below $4,100, it still needs to guard against the risk of a second bottoming out in the short term. Overall, BTC and ETH’s rebounds remain tentative, and traders should closely watch volume dynamics and key support levels.
- Trending Tokens: Benefiting from the innovation in the sector and the drive of new narratives, Slash Vision Labs (SVL) saw a surge in capital inflow and a high bullish sentiment due to its BNPL "Slash Card" Application Scenario and decentralized revenue distribution model; Lombard (BARD) gained significant market attention thanks to its Bitcoin yield asset $LBTC and cross-chain security system narrative, as well as the backing of a decentralized alliance; Hemi (HEMI) attracted user and institutional funds with its modular blockchain design and native BTC DeFi narrative, resulting in a significant increase in trading volume and a sustained bullish atmosphere.
- Alpha Insights: Vitalik emphasizes the openness and verifiability of full stack, promoting technological fairness and transparency; Tether may raise up to $20 billion, and its valuation may reach $500 billion; Seedify was attacked by hackers, and the team urgently froze cross-chain funds to control risks.
Discover more details today → Gate Research: BTC Shows Weak Rebound | SVL, BARD, and HEMI Lead Gains | Seedify Cross-Chain Security in Spotlight
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