- Market Commentary: On September 29, BTC led the rebound, breaking above $112,000 as the market regained upward momentum after a short-term consolidation. ETH rose from $3,978 to $4,146, but the price quickly pulled back after the spike, indicating heavy selling pressure at higher levels.
- Top Movers: KAITO rose 13% in 24 hours, driven mainly by over $170 million committed to projects on its Launchpad. FORM increased 23% in 24 hours, likely fueled by a speculative wave from a short squeeze. COW climbed 14% in 24 hours, with on-chain and trading data showing continuous inflows of new liquidity into the asset.
- Alpha Insights: Plasma DeFi TVL reached $5.5 billion, rising to the sixth position in terms of DeFi deposit value. ApeX announced the launch of its APEX token buyback program, with $12 million in initial funding. Last week, ETH spot ETFs recorded the largest weekly outflows in history.
Discover more details today → Gate Research: BTC Leads Rebound, Surpassing $112,000 | Plasma DeFi TVL Climbs to $5.5 Billion
Gate Research is a comprehensive blockchain and cryptocurrency research platform that provides deep content for readers, including technical analysis, market insights, industry research, trend forecasting, and macroeconomic policy analysis.
Disclaimer
Investing in cryptocurrency markets involves high risk. Users are advised to conduct their own research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages arising from such decisions.
Gate Team
Gateway to Crypto
Trade over 4,500 cryptocurrencies safely, quickly, and easily on Gate
Take Action Now
Sign up and claim up to $10,000 in welcome rewards
Invite friends and earn a 40% commission
Stay Connected
Visit Gate's official website
Download the Gate App | Desktop
Follow us on X (Twitter) to get more bonuses
Join our Telegram community to discuss trending topics
Engage with our global community for the latest insights
Transparency & Security
Check our 100% Proof of Reserves
