- Market Commentary: Over the past week, Bitcoin has been trading in the $107,500–$116,388 range, and its consolidation phase is expected to continue. Ethereum has weakened within the $3,839–$4,037 range. Among altcoins, mainstream altcoins generally showed a downward trend. The Altcoin Season Index stands at 32, slightly higher than last week, but overall market sentiment remains bearish.
- This Week’s Focus: Mastercard plans to invest $2 billion to acquire crypto infrastructure company Zerohash. The Grayscale Solana spot ETF has launched, boosting demand for Solana exposure products. The pace of interest rate cuts may slow, with traders reducing bets on a December rate cut.
- Highlight Data: Aave Horizon RWA market size surpassed $425 million. Bitwise’s Solana ETF saw second-day trading volume exceed $72 million. KALSHI's monthly trading volume hit a record high, exceeding $4 billion.
- Next Week’s Watchlist: SUI, ENA, and EIGEN will unlock approximately $111 million, $94.19 million, and $40.5 million in tokens over the next seven days, representing 1.2%, 3.0%, and 9.5% of circulating supply, which could exert some short-term price pressure.
Discover more details today → Gate Research: Slower Rate-Cut Expectations Trigger Market Pullback | Aave Horizon RWA Scale Expands Significantly
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
