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Bitcoin cycle momentum flips positive after 8-month bearish run
Edgen Crypto·Sep 02 2026, 17:25Share to
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[1] Bitcoin Cycle Theory 'Dead' No More? CryptoQuant Signals Bear Market Reversal (https://u.today/bitcoin-cycle-theory-dead-no- ...)[2] Reversal or Trap? Experts Say a Bitcoin Indicator Has Exited the Bearish Zone Despite Falling Demand (https://incrypted.com/en/reversal-or-trap-exp ...)[3] BTC cycle momentum turns positive for first time in 8 months, signaling reversal (https://coinness.com/en/news/1167489 ...)[4] Bitcoin Bear Market Is Over and September Is a ‘Nothing Month', Says Eric Crown (https://beincrypto.com/bitcoin-bear-market-ov ...)
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Sep 02 2026, 17:54
21 banks form stablecoin venture to challenge Tether's $180B dominance
Twenty-one of the world's largest banks and asset managers, including Goldman Sachs, Citi and Bank of America, agreed Sept. 1 to form a company that will issue a dollar-denominated stablecoin on public blockchains, targeting a first-half 2027 launch. "US banks could outperform us early in the American market," Paolo Ardoino, chief executive of Tether, the largest stablecoin issuer, said after the US GENIUS Act took effect last year. The unnamed venture, due to be established in the second half of 2026 subject to closing conditions, spans 21 institutions across North America, Europe, East Asia, the Middle East and Africa. Members include Deutsche Bank, UBS, Wells Fargo, Fidelity Investments, Santander, BBVA, MUFG and Standard Bank. The group grew from the ten banks that floated the idea in October 2025 and plans to extend issuance to other G7 currencies, naming a euro token as its next priority. It enters a market Tether still dominates with more than $180 billion in dollar-pegged tokens outstanding, while Société Générale's dollar stablecoin has drawn only about $12.5 million in circulation. The decision to issue on public blockchains rather than a private bank network is what most directly threatens Circle and Tether, because it removes the distribution edge the incumbents built by wiring USDC and USDT into exchanges, wallets and DeFi protocols. A stablecoin — a token pegged one-to-one to a fiat currency and backed by reserves — minted by banks with existing customer relationships and payment infrastructure can reach wholesale and retail users through the same rails the issuers already control, without first winning over crypto-native venues. The consortium said the token will comply with the US GENIUS Act and Europe's MiCA where applicable. The law, signed July 18, 2025, requires one-to-one backing by eligible liquid reserves, redemption protections and regular disclosure, and bars issuers from paying interest solely for holding the coin. Several implementing rules remain unfinished after agencies missed a July 18, 2026 deadline, with the Office of the Comptroller of the Currency targeting November 2026 for final rules — a timeline that lands just before the consortium's launch window. A future euro-denominated token would fall under MiCA's electronic money token category, subjecting it to authorization, reserve and redemption requirements in the bloc. A separate European push is already underway. Qivalis, a bank consortium building a MiCA-compliant euro stablecoin for the second half of 2026, has grown to 37 members, with some banks, including BBVA, in both efforts. European Central Bank President Christine Lagarde has warned that privately issued stablecoins pose risks to monetary policy and financial stability. The venture has not disclosed which public blockchains it will support, where reserves will be held, or whether customers can hold and transfer the token directly or must do so through participating institutions. Those details, along with the company's name and token branding, will determine how the consortium's distribution reach translates into circulation once the dollar coin launches in the first half of 2027. This article is for informational purposes only and does not constitute investment advice.
Sep 02 2026, 17:05
Altcoin liquidations hit $369.67M as oil surge fuels Fed hike bets
Over 90,000 leveraged crypto positions were liquidated totaling $369.67 million on Sept. 2, CoinGlass data shows, as oil and Treasury yield surges fueled Fed rate hike expectations. Fed Chairman Kevin Warsh signaled last week the central bank is uncomfortable with the current pace of inflation, remarks traders read as pointing to a rate hike this month. Brent crude climbed more than 5 percent to about $95 a barrel after fresh U.S. strikes on Iranian targets, while the 10-year Treasury yield rose to roughly 4.8 percent, its highest level since January 2025. XRP, Ethereum, and Solana came under the heaviest selling pressure. Ethereum dropped under $2,400, while Bitcoin briefly fell below $77,000 before recovering toward $78,000. Watcher.Guru reported roughly $100 million was liquidated within 60 minutes during the sharpest leg of the decline. The S&P 500 fell 0.71 percent and the Nasdaq dropped about 1 percent as the risk-off move extended across asset classes. The cascade shows how macro repricing now dominates crypto price action. Higher yields raise the opportunity cost of holding non-yielding assets such as Bitcoin, while a stronger inflation backdrop reduces expectations for easier monetary policy. The same forces that pressured the Nasdaq and other growth assets Tuesday are now flowing directly into crypto derivatives markets, where leveraged longs are the first to be flushed out when liquidity tightens. Spot Bitcoin ETFs attracted roughly $217 million on Aug. 31, reversing the prior session's outflow. BlackRock's IBIT accounted for $205.9 million of the total, following a nine-session buying streak that brought about $3 billion into Bitcoin funds during August. That institutional demand helped BTC gain roughly 24 percent last month, briefly pushing it above $81,000 before momentum cooled near $78,500. The divergence between ETF inflows and spot price weakness highlights a structural tension. While long-dated institutional buyers continue accumulating through funds, the derivatives market is repricing rapidly as macro conditions deteriorate. Higher energy costs feed directly into inflation expectations, and if the Fed responds with a hike, the opportunity cost of holding crypto rises further, potentially extending the deleveraging cycle. Traders now watch whether the Fed follows through on a rate increase at its September meeting. If Brent stays near $95 and Treasury yields remain elevated, ETF demand may not be enough to absorb further macro shocks, leaving leveraged positions across XRP, Ethereum, and Solana vulnerable to additional forced selling. This article is for informational purposes only and does not constitute investment advice.
Sep 02 2026, 17:01
Bitcoin slides below $77K as bond sell-off dents onchain demand
Bitcoin fell 1.02 percent to $76,800 on Sept. 2, breaking below $77,000 as a bond and equities sell-off pushed onchain demand negative. Darkfost, a pseudonymous analyst who tracks Bitcoin onchain flows, said the apparent demand metric reversed again after a brief recovery in August, with profit-taking by short-term holders — investors who acquired BTC within the past 155 days — outpacing new buying interest. The analyst cautioned that if demand does not recover soon, Bitcoin could face another leg down, potentially revisiting price ranges not seen in recent weeks. The onchain apparent demand metric estimates the net change in Bitcoin holdings among long-term investors. A negative reading indicates that selling pressure from short-term holders is exceeding new accumulation, often pointing to weakening market momentum. The latest reading follows a period in August when Bitcoin rebounded roughly 30 percent from its lows, though spot volume during that recovery hit a three-year low, according to data cited by BitcoinWorld. Notably, the number of Bitcoin wallets holding at least $1 million surged by 11,636 in August as large holders returned, yet that accumulation has not been enough to offset short-term selling pressure. The macro backdrop is dominated by a bond market sell-off that has pushed yields higher and pressured equities, creating risk-off conditions that typically weigh on speculative assets. Rising bond yields threaten to push up US borrowing costs, according to analysts cited by MSN. Bitcoin, which has increasingly traded in correlation with risk assets, has not been immune to this dynamic. Bitcoin's total market capitalization stands at $2.68 trillion, down 1.05 percent in the past 24 hours, while BTC dominance sits at 57.35 percent, according to CryptoRank data. Ethereum dominance is 10.84 percent. Total 24-hour spot volume across the market reached $33.3 billion, down 2.91 percent. For traders, the key question is whether Bitcoin can hold its current support zone near $77,000 and whether the apparent demand metric shows signs of improvement in the coming days. A sustained recovery in demand could indicate that selling pressure is exhausting, while continued negative readings might confirm a deeper correction. Onchain metrics should be weighed alongside technical analysis, trading volumes, and macroeconomic data releases that could influence liquidity conditions. This article is for informational purposes only and does not constitute investment advice.