Bitcoin’s Price Surge And Another Mega Airdrop 🧐

Explore the latest industry news, insightful data, and exciting updates from CoinMarketCap. ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌       [CoinMarketCap Logo](~/AAQRxQA~/RgRozUKBP0QraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS8_bGlkPXQ1am1xYWxjbnZselcDc3BjQgpm4YG96maLvQrqUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) Data as of: 18 Sep 2024 11:45 UTC Bitcoin's back! But is it here to stay? The crypto community is buzzing very much like this writer on two cans of Red Bull. It just made a sharp move past $61K (and then settling back around $60K), leaving traders grinning from ear to ear. But let’s be careful! This Fed rate cut chatter? It's already turning into a "buy the rumor" scenario. Let's just hope we don't end up with a "sell the news" hangover. So what exactly is going on in the market? Let’s make sense of it all! Here is a quick rundown of the top headlines from the past 24 hours: - Bitcoin's flirting with $61K, but derivatives aren't feeling the love. [Is it](~/AAQRxQA~/RgRozUKBP0SJaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvYml0Y29pbi1zdXJnZXMtdG8tZG9sbGFyNjEwMDAtYnV0LWRlcml2YXRpdmVzLW1hcmtldHMtZ2l2ZS1jb25mbGljdGluZy1zaWduYWxzP2xpZD04c2poaGR4OGVqejlXA3NwY0IKZuGBvepmi70K6lIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) just another “buy the rumor, sell the news” event? 😔 - MoviePass is jumping on the blockchain bandwagon with Sui. But [why](~/AAQRxQA~/RgRozUKBP0R6aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvbW92aWVwYXNzLXBhcnRuZXJzLXdpdGgtc3VpLWJsb2NrY2hhaW4tdG8tcmV2b2x1dGlvbml6ZS1jaW5lbWFzP2xpZD04d3Z0eTVob3dod2VXA3NwY0IKZuGBvepmi70K6lIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) Sui specifically? 🍿 - The Kimchi Premium is spicing things up in South Korea. [Who's](~/AAQRxQA~/RgRozUKBP0R8aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUva2ltY2hpLXByZW1pdW0tZm9yLWNyeXB0by1yZXR1cm5zLWFzLXNvdXRoLWtvcmVhbi1tYXJrZXQtaGVhdHMtdXA_bGlkPWIyNzJ3ejJ5bnJnd1cDc3BjQgpm4YG96maLvQrqUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) really profiting from this price gap? 🤔 - SEC's crackdown on NFTs is causing internal drama. [Will it](~/AAQRxQA~/RgRozUKBP0SDaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvc2VjLWZhY2VzLWludGVybmFsLWNyaXRpY2lzbS1vdmVyLWRvbGxhcjc1MGstZmx5ZmlzaC1jbHViLW5mdC1zZXR0bGVtZW50P2xpZD02M3hhaWdybzNhNzFXA3NwY0IKZuGBvepmi70K6lIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) finally stop the crypto crackdown? 😒 - WalletConnect's airdropping 185M tokens. But [what's the catch](~/AAQRxQA~/RgRozUKBP0SLaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvd2FsbGV0Y29ubmVjdC1sYXVuY2hlcy1uYXRpdmUtdG9rZW4tb24tb3B0aW1pc20tbWFpbm5ldC1wbGFucy0xODVtLXRva2VuLWFpcmRyb3A_bGlkPWUyYTdnYmg1eTJxeFcDc3BjQgpm4YG96maLvQrqUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) behind this generous giveaway? 🎁 Let’s dive in after the market overview! MARKET OVERVIEW GLOBAL MARKET CAP $2.07T ▲0.69% (24h) 24H MARKET VOLUME $78.06B ▲28.67% (24h) BITCOIN’S DOMINANCE 57.29% ▲0.4% (24h) FEAR & GREED INDEX 38 Fear [Bitcoin] Bitcoin $59,925.62 ▲1.38% (24h) [Ethereum] Ethereum $2,307.51 ▼0.14% (24h) [BNB] BNB $541.64 ▼0.11% (24h) [ALL CRYPTO PRICES/DATA »](~/AAQRxQA~/RgRozUKBP0QraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS8_bGlkPXhsazczZDB6Mm9uM1cDc3BjQgpm4YG96maLvQrqUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) [TRENDING CRYPTO »](~/AAQRxQA~/RgRozUKBP0RFaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS90cmVuZGluZy1jcnlwdG9jdXJyZW5jaWVzLz9saWQ9NXdlNWE3MGh5cWo2VwNzcGNCCmbhgb3qZou9CupSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) [NEW LISTINGS ON CMC »](~/AAQRxQA~/RgRozUKBP0QvaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9uZXcvP2xpZD1lMWRzNHhyaWRhcHVXA3NwY0IKZuGBvepmi70K6lIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) [TRENDING DEX PAIRS »](~/AAQRxQA~/RgRozUKBP0RAaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9kZXhzY2FuL3RyZW5kaW5nL2FsbC8_bGlkPXk3azdpaTdpYzB5NFcDc3BjQgpm4YG96maLvQrqUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) TOP GAINERS 24H% [CATX] [CATX](~/AAQRxQA~/RgRozUKBP0QqaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL2NhdHgvVwNzcGNCCmbhgb3qZou9CupSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) ▲1748.56% [White Yorkshire] [White Yorkshire](~/AAQRxQA~/RgRozUKBP0Q1aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL3doaXRlLXlvcmtzaGlyZS9XA3NwY0IKZuGBvepmi70K6lIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) ▲1226.62% [FLAKY] [FLAKY](~/AAQRxQA~/RgRozUKBP0QraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL2ZsYWt5L1cDc3BjQgpm4YG96maLvQrqUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▲633.51% TOP LOSERS 24H% [Tales of Pepe] [Tales of Pepe](~/AAQRxQA~/RgRozUKBP0QzaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL3RhbGVzLW9mLXBlcGUvVwNzcGNCCmbhgb3qZou9CupSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) ▼97.47% [APEmove] [APEmove](~/AAQRxQA~/RgRozUKBP0QtaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL2FwZW1vdmUvVwNzcGNCCmbhgb3qZou9CupSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) ▼96.07% [Wegie] [Wegie](~/AAQRxQA~/RgRozUKBP0QraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL3dlZ2llL1cDc3BjQgpm4YG96maLvQrqUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▼91.6%   Prices Are Bullish, But Signs Are Not? Bitcoin recently pulled off a 6.4% jump in less than half a day, strutting past $61K before settling around $60K. It's been three weeks since we've seen BTC this high, and the crowd's getting excited. So, what's going on? Well, the US retail sales might be doing a slow crawl at 0.1% growth, but industrial production's revving up at 0.8%. All this good news has got people betting on a 0.50% rate cut from the Fed. The problem? The derivatives market. Bitcoin futures premium is at 6%, just a hair above neutral. Translation? Not bullish at all. But why does the derivatives data matter? Read the [full story](~/AAQRxQA~/RgRozUKBP0SJaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvYml0Y29pbi1zdXJnZXMtdG8tZG9sbGFyNjEwMDAtYnV0LWRlcml2YXRpdmVzLW1hcmtldHMtZ2l2ZS1jb25mbGljdGluZy1zaWduYWxzP2xpZD1hemMxOGFyMXpzczlXA3NwY0IKZuGBvepmi70K6lIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)!   Popcorn, Movie Tickets and Blockchain MoviePass is trading in its old business model for some blockchain bling. They've just announced a partnership with the Sui Foundation. MoviePass subscribers will soon be able to pay with USDC. MoviePass co-founder Stacy Spikes is envisioning a future where blockchain makes movies more accessible and engaging. The company wants to let users invest in films directly on the Sui blockchain. But why Sui? Why not any other blockchain? Read the [full story](~/AAQRxQA~/RgRozUKBP0R6aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvbW92aWVwYXNzLXBhcnRuZXJzLXdpdGgtc3VpLWJsb2NrY2hhaW4tdG8tcmV2b2x1dGlvbml6ZS1jaW5lbWFzP2xpZD1nMm9zN2l6YTV5dW9XA3NwY0IKZuGBvepmi70K6lIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)!   Visualize Your Gains and Losses with CMC CoinMarketCap's Portfolio Tracker provides powerful visualization tools to monitor your crypto investments. Get a clear view of your gains and losses, helping you make informed decisions and adjust your strategies based on real-time data. [Start Tracking Now](~/AAQRxQA~/RgRozUKBP0SUaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9wb3J0Zm9saW8tdHJhY2tlci8_dXRtX3NvdXJjZT1uZXdzbGV0dGVyJnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPXVzZXJfc2lnbl91cCZ1dG1fY29udGVudD1wb3J0Zm9saW8mbGlkPXlteDIydTVteDhnc1cDc3BjQgpm4YG96maLvQrqUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) [CoinMarketCap Portfolio - Mobile](~/AAQRxQA~/RgRozUKBP0SUaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9wb3J0Zm9saW8tdHJhY2tlci8_dXRtX3NvdXJjZT1uZXdzbGV0dGVyJnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPXVzZXJfc2lnbl91cCZ1dG1fY29udGVudD1wb3J0Zm9saW8mbGlkPTk4Ym9xNmlxYzl3YVcDc3BjQgpm4YG96maLvQrqUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)   The Kimchi Premium Makes a Comeback The Kimchi Premium is back in South Korea. This price gap between South Korean and global exchanges is widening, signaling a hot market in the Land of the Morning Calm. Chainalysis reports that the Korea Premium Index is on the rise, particularly for Bitcoin and Ethereum, but altcoins are getting in on the action too. It's not just a small blip - we're talking about a significant price difference that's catching the eye of traders worldwide. Interestingly, this premium tends to peak during market turbulence. Think of it as a thermometer for market chaos, with both retail and institutional investors scrambling to maximize their gains. But why does this indicator matter? And who benefits from it exactly? Read the [full story](~/AAQRxQA~/RgRozUKBP0R8aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUva2ltY2hpLXByZW1pdW0tZm9yLWNyeXB0by1yZXR1cm5zLWFzLXNvdXRoLWtvcmVhbi1tYXJrZXQtaGVhdHMtdXA_bGlkPWZ4NGFkcjhrOXFodlcDc3BjQgpm4YG96maLvQrqUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)!   DeFi's Comeback Tour The agency recently fined Flyfish Club with $750,000 for selling NFTs, but not everyone's on board with this crackdown. Commissioners Hester Peirce and Mark Uyeda are showing some dissent. They are arguing that Flyfish's NFTs are just a fancy way of selling restaurant memberships, not securities. Peirce and Uyeda are calling for clearer guidelines, saying innovators shouldn't need a "high-priced tea-leaf reader" (read: expensive lawyer) to experiment with NFTs. It's a not-so-subtle jab at the agency's approach to crypto regulation. The SEC's stance? They're sticking to their guns, saying these NFTs pass the Howey test. They claim the NFTs were promising future dining experiences in a yet-to-open Manhattan restaurant. Confused what is it all about? Read the[full story](~/AAQRxQA~/RgRozUKBP0SDaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvc2VjLWZhY2VzLWludGVybmFsLWNyaXRpY2lzbS1vdmVyLWRvbGxhcjc1MGstZmx5ZmlzaC1jbHViLW5mdC1zZXR0bGVtZW50P2xpZD03Y2doeG5iZWR3NTlXA3NwY0IKZuGBvepmi70K6lIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)!   CMC NARRATIVE: SOLANA Solana hits record 5 million daily active addresses despite sluggish price. Magic Eden splits into U.S. and international platforms, sparking user concerns. Phantom wallet users not a fan of 0.85% swap fee, igniting debate. [CMC NARRATIVE: SOLANA](~/AAQRxQA~/RgRozUKBP0RpaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvd2Vlay1pbi1zb2xhbmEtc29sYW5hcy1leHBsb3NpdmUtNW0tdXNlci1zdXJnZT9saWQ9NzJwb3l3NGUwdXMxVwNzcGNCCmbhgb3qZou9CupSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) Jupiter's TVL surges +46% in 30 days, boosted by $jupSOL inclusion. DRiP secures $8M seed funding, aiming to revolutionize NFT space...[Continue Reading.](~/AAQRxQA~/RgRozUKBP0RpaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvd2Vlay1pbi1zb2xhbmEtc29sYW5hcy1leHBsb3NpdmUtNW0tdXNlci1zdXJnZT9saWQ9eDBjanMxY3Jtb2N3VwNzcGNCCmbhgb3qZou9CupSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~)   Track larger Solana trends on CMC Narratives: [Track Narrative](~/AAQRxQA~/RgRozUKBP0RAaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS92aWV3L3NvbGFuYS1lY29zeXN0ZW0_bGlkPWpmOTg1dXZtNDAwOVcDc3BjQgpm4YG96maLvQrqUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)   185M Token Airdrop and a New Identity WalletConnect is making waves with the launch of its native Connect Token (WCT) on Optimism's OP Mainnet. This isn't just another token launch - it's a massive 185 million token airdrop aimed at decentralizing the WalletConnect Network. September 24 - that's when registration opens for the airdrop. But there's a catch - eligibility is based on your engagement with WalletConnect. You'll need to connect your wallet, link your GitHub account, and provide an email. Active users and open-source contributors are in, while sanctioned wallets are out. This airdrop is inclusive. It's not just for end users, but also for wallets, apps, nodes, and even entire communities that have supported WalletConnect. It's a wide net, designed to reward the ecosystem as a whole. The tokens come with some strings attached. What are they? Read the [full story](~/AAQRxQA~/RgRozUKBP0SLaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvd2FsbGV0Y29ubmVjdC1sYXVuY2hlcy1uYXRpdmUtdG9rZW4tb24tb3B0aW1pc20tbWFpbm5ldC1wbGFucy0xODVtLXRva2VuLWFpcmRyb3A_bGlkPTBzeDVvN295NGs2NFcDc3BjQgpm4YG96maLvQrqUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)!   And that's it for today. 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