Recap
- US inflation and jobless claims data suggested persistent economic uncertainty, while the European Central Bank maintained its policy rate at 2.15%. The US CPI consumer price index rose to 2.9% year-on-year and jobless claims hit their highest since 2021, fueling speculation of Fed rate cuts, beginning on Wednesday 17 Sept. The ECB’s steady rate reflects diverging monetary policies.
- Gold hit a new record of $3,674 per ounce, driven by persistent inflation, expectations of interest rate cuts, and increased central bank buying, reinforcing its role as a safe-haven asset amid global economic uncertainty.
- Vietnam’s government unveiled a five‑year pilot programme to regulate its cryptocurrency market.
- The Avalanche Foundation said it aims to raise $1bn to set up two crypto treasury companies. This ambitious fundraising targets the creation of US-based AVAX treasury firms, signaling strong institutional interest and aiming to expand Avalanche’s financial infrastructure and on-chain asset management.
Top Gainers
- MYX (MYX Finance) +223%
- PUMP (Pump.fun) +64%
- WLD (Worldcoin) +53%
Top Losers
- FORM (Four) -44%
- CRO (Cronos) -10%
- WLFI (World Liberty Financial) -6%
Market Metrics
- Total Market Cap: $4.03T (+5.1% vs last week)
- BTC Dominance: 57.0% (vs 57.7% last week)
- Fear and Greed Index: 52/100 (vs 40 last week)
- Alt Season Index: 71/100 (vs 56 last week)
This week, we'll be monitoring (all times UTC):
Monday 15 September
Crypto event (token unlock)
- SEI Token Unlock: Will release 113 million tokens (~1.88% of circulating supply), worth $38 million. Could introduce short-term selling pressure depending on recipient distribution and market liquidity.
Wednesday 17 September
Central banks
- 18:00 Fed Interest Rate Decision: The Fed is expected to lower rates by 25 basis points, which could provide a tail wind for crypto. The press conference follows 30 minutes later.
Crypto event (token unlock)
- ARB Token Unlock: Will release 96 million tokens (~1.75% of circulating supply), worth $49 million. Could introduce short-term selling pressure depending on recipient distribution and market liquidity.
Thursday 18 September
Central banks
- 11:00 Bank of England Interest Rate Decision: The BoE is expected to maintain its rates at 4.00%.
Friday 19 September
Central banks
- 03:00 Bank of Japan Interest Rate Decision: The BoJ is expected to maintain its rates at 0.5%.
Sunday 21 September
Crypto event (token unlock)
- ZRO Token Unlock: Will release 25 million tokens (~23.13% of circulating supply), worth $52 million. Could introduce short-term selling pressure depending on recipient distribution and market liquidity.
