Solana rallies, broader sentiment recovers, and Dogecoin gets the treasury treatment
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🟠 Bitcoin steady - Bulls defended $110,000 after dipping to $108,000.
📊 Altcoins mixed - Ethereum slips 1.2%, while Solana rallies +4% overnight and +28% in a month.
📉 Stocks ease - S&P 500 and Nasdaq 100 dip slightly as investors await US jobs data.
🐕 DOGE treasury play - CleanCore Solutions raises $175M to build a Dogecoin treasury.
Crypto markets continue to show a slow return of optimism, or at least reduced uncertainty, as the week progresses. Bitcoin bulls again defended the $110,000 floor yesterday, with BTC posting a low of around $108,000 before rebounding to just above $110,000, where it’s still trading this morning. Ethereum slipped 1.2% overnight to around $4,300, while most other crypto markets remain subdued. Solana is the outlier, continuing its rally at $210, up 4% overnight and 28% over the last month.
Stock markets are down marginally this morning, with both the S&P 500 and Nasdaq 100 dipping by less than a percentage point. Friday’s US unemployment numbers remain the main focus, as investors and the Fed look for clarity in the inflation-versus-labour-market debate, and how that feeds into the central bank’s interest rate decision on 17-18 September.
In institutional news, companies continue to pursue treasury strategies with crypto assets, raising capital and adding more to their balance sheets over time. The latest example is NYSE-listed CleanCore Solutions, which secured $175 million to establish a Dogecoin (DOGE) treasury. The offering is expected to close tomorrow.
In the markets…
🌍 Total crypto market cap ↗️
The global crypto market cap is approximately $3.81 trillion, up 0.96% over the past 24 hours.
🟠 Bitcoin (BTC) ↗️
Price: $110,995 up 0.86% in the last 24 h.
Daily high: $111,640
Daily low: $108,538
📈 S&P 500 ↘️
SPY is currently down about 0.69% since yesterday’s close.
📈 Nasdaq 100 ↘️
The Nasdaq 100 is down about 0.79% overnight.
😐 Fear & Greed Index
The Crypto Fear & Greed Index stands at 42/100, in Neutral.
Data is correct as at 3 September, 08:07 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.
