CandleFocus Crypto market wrap: SUI, FET, PENDLE, NANO, NEM gain amid Bitcoin’s surge
2024-09-12
Author: Content Editor
The global cryptocurrency market cap experienced a boost as Bitcoin reached a one-week high above $58,400 during Asian trading hours. Several altcoins also saw gains, with Sui and Artificial Superintelligence Alliance performing particularly well. Ethereum founder Vitalik Buterin stated that he would not recognize zero-knowledge rollup projects that are not decentralized, signaling a shift in the industry. In the US presidential race, Kamala Harris has seen an increase in odds for winning, while Donald Trump's odds have slightly declined. Bitcoin's surge in price was attributed to various factors, including US tech stock upticks and US inflation data. Altcoins Sui, FET, and Pendle also experienced significant gains due to factors such as Grayscale's announcement and the launch of BTC-linked pools. NEM and Nano saw slight gains but need to break key resistance levels for further momentum.
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