Dogecoin rallies, Nasdaq eyes tokenised stocks, all eyes on the Fed
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🚀 Bitcoin hovers around $116K - weekly gains spread across majors
🐕 Dogecoin jumps 13% over the week - as CleanCore doubles its treasury to 500M DOGE
🏦 Nasdaq looks to launch tokenised stocks - a would-be first for tradfi
📉 Fed rate decision on Wednesday - Investors are watching
There was a swell in positive sentiment over the weekend, with Bitcoin pushing toward $117,000 before settling around $116,000, where it’s still trading this morning. While the 24-hour numbers are slightly in the red, that’s not the whole picture. Taking a step back, crypto markets have clearly improved over the past week. The price of Bitcoin (BTC) is up 3% over this period, Ethereum (ETH) 6%, Solana (SOL) 12%, and Dogecoin (DOGE) 13%, with several others posting even bigger gains. DOGE’s rally comes after Nasdaq-listed CleanCore Solutions nearly doubled its Dogecoin treasury to more than 500 million DOGE on Thursday.
In other institutional news, Nasdaq is looking to launch tokenised stocks on its exchange, marking the first time blockchain-settled investments will trade on a major US stock exchange. Reuters reports that Tal Cohen, president of Nasdaq, said integrating tokenisation with traditional markets presents "an extraordinary opportunity" to accelerate trade settlements, automate processes, and improve efficiency.
On the macro side, the Fed is set to decide on Wednesday whether to cut interest rates. Much has been said about this in recent months, and the big question is whether investors have already positioned their portfolios – in other words, if it’s already priced in.
In the markets…
🌍 Total crypto market cap ↘️
The global crypto market cap is approximately $4.04 trillion, down 0.74% over the past 24 hours.
🟠 Bitcoin (BTC) ↗️
Price: $115,834 up 0.02% in the last 24 h.
Daily high: $116,689
Daily low: $114,915
📈 S&P 500 ↘️
SPY is currently down about 0.05% since yesterday’s close.
📈 Nasdaq 100 ↗️
The Nasdaq 100 is up about 0.42% overnight.
😐 Fear & Greed Index
The Crypto Fear & Greed Index stands at 51/100, in Neutral.
Data is correct as at 15 September, 08:00 GMT.
Cautionary Notes
It's definitely tempting to get swept up in the excitement, but please heed these words of caution: Do your own research, only invest what you can afford, and make good decisions. The indicators contained in this article will hopefully help in this. Remember though, the content of this article is for information purposes only and is not investment advice or any form of recommendation or invitation. The Digital Commonwealth always advises you to obtain your own independent financial advice before investing or trading in cryptocurrency.
