Bitcoin, Ethereum, and XRP slightly fell as the market awaits inflation and interest rate data. The inflation (CPI) report met expectations at about 2.9% year-on-year, with no surprises, but the market still lacks clarity on interest rate adjustments and the timing of rate cuts. BTC fell about 0.4% to ~US$113,536; ETH fell about 0.5%; XRP fell around 1%.

Bitcoin is consolidating in the range of ~US$104,000–114,000 after reaching a new high in mid-August. Bitcoin has been fluctuating within this range, and experts believe that it is currently in a "consolidation period," with high volatility but an uncertain direction.

Remittix has attracted market attention as a new star in the PayFi sector. Amid the stability of Bitcoin and Ethereum, Remittix (RTX) is seen as a potential growth opportunity in terms of presales, capital flow, and market expectations.

Layer Brett (LBRETT) is viewed by some analysts and the community as a combination of meme-/Layer2 type. Due to its trading efficiency, low gas fees, community enthusiasm, and presale discounts, LBRETT has been proposed by some as one of the potential short-term investments.

The stablecoin market approaches USD 300B, with USDT & USDC dominating the overall stablecoin market capitalization nearing 300 billion dollars, with USDT and USDC accounting for the vast majority. This reflects the continuous growth of stable funds and liquidity within the cryptocurrency ecosystem.

HashKey (Hong Kong Stock Exchange) plans to launch a $500 million "Digital Treasury Fund" aimed at investing in mainstream crypto assets & supporting Web3 projects; this move symbolizes that asset management institutions and exchanges are increasingly actively incorporating crypto into their investment strategies.

On-chain dynamics / anomalies (current situation can be checked)

There is no reliable public information indicating that there has been a very large Whale Alert reported today (such as sudden large amounts of BTC/ETH moving to or from exchanges).

Stablecoins like USDT / USDC now account for nearly $300B in market share and market capitalization, with funding and liquidity stabilizing. This provides a positive foundation in on-chain capital supply and trading pair matching.

Reports indicate that "smart money" is increasing in interest in Remittix's presale funds and institutional interest, but whether this is an abnormal on-chain movement by large holders still needs further tracking.

Technical Analysis + Mainstream Coin Price Trends (Preliminary Observation)
BTC is around US$113,500 with a slight fall to about US$110,000 and US$104,000 (mid-term support). If the trading volume cannot push it up, it is likely to consolidate in the US$114,000–US$115,000 range; observe the impact of interest rate expectations and macro data on price pressure. ETH is around US$4,390, also slightly weak around US$4,200–US$4,300 with a technical pullback risk in the US$4,500+ range; however, Ethereum still has potential under the DeFi/upgrading expectations. XRP / SOL / ADA and other coins are overall affected by market consolidation volatility, with smaller coins showing differentiated performance. If small coins can maintain liquidity during the downtrend of major coins, they will have relatively stable support. If the overall environment rebounds, these coins may become targets for capital rotation. Missing the support zone or when the flow of funds weakens, they are likely to face amplified selling pressure.

Macroeconomic / Policy Environment Influencing Factors

US CPI and inflation data met expectations but failed to change the market's high sensitivity to Fed interest rate movements in the short term.

The interest rate market widely expects a possible rate cut in the future, but the timing and magnitude have yet to be determined, causing the market to fluctuate between pressure and hope.

Stablecoins and capital market activities (such as IPOs / digital asset treasury companies) are still driving the adoption and liquidity foundation of mainstream assets; HashKey's fund activities are an example.

Summary Conclusion / Daily Perspective

The market shows a slight pullback today, with no sudden bearish news, but lacking clear bullish momentum.

To break through resistance in the short term, there needs to be a surprise on the interest rate or policy front (such as a strengthened expectation of unexpected interest rate cuts, favorable regulations, etc.)

Investors are currently leaning towards a wait-and-see approach, with emerging/high-risk assets like Remittix and Layer Brett attracting attention, but overall funding still favors mainstream coins that are safer and more stable.

‍#DOGE  #BTC  #ETH  #SOL  #SUI