Announcements Gate Research: Crypto Market Fluctuates at Low Levels, U.S. Stock Indexes Fall, Fractal Bitcoin Mainnet Launches

Gate Research: Crypto Market Fluctuates at Low Levels, U.S. Stock Indexes Fall, Fractal Bitcoin Mainnet Launches

2024-09-09 15:08:22 UTC 6882 Read

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Gate Research Daily Report: September 9, over the past 24 hours, Bitcoin and Ethereum have risen by 1.32% and 1.04%, respectively. Bitcoin stabilized around $55,100, and Ethereum held steady near $2,312, both showing short-term support levels. The U.S. August unemployment rate met expectations, while non-farm payrolls came in below forecast, increasing the probability of a 25 basis-point rate cut by the Federal Reserve in September to 70%. Additionally, Ether.fi reported August revenue of $2.19 million, with 5% allocated for ETHFI buybacks and LP mining. OORT updated its tokenomics, extending the team’s token lock-up period. Fractal Bitcoin launched its mainnet and unveiled its tokenomics model.

**Market Analysis: **Bitcoin and Ethereum are fluctuating near support levels, consolidating at lower levels in the short term, with the downtrend weakening.
**Top Performers: **The top tokens in the past 24 hours are BTT, CVC, and AVAX.
**Data Highlights: **The U.S. August unemployment rate met expectations, while non-farm payrolls were below forecast, intensifying the impact of a potential Federal Reserve rate cut in September.
**Spotlight Analysis: **Ether.fi reported $2.19 million in August revenue, with 5% allocated for ETHFI buybacks and LP mining.
**Market Opportunities: **SocialFi project Blabla announced the completion of its seed funding round, with the amount yet to be disclosed.

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September 10th, 2024

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